CVR Partners (UAN) to Release Earnings on Monday

CVR Partners (NYSE:UAN) is set to post its quarterly earnings results after the market closes on Monday, April 29th. Individual that wish to register for the company’s earnings conference call can do so using this link.

CVR Partners (NYSE:UAN) last released its quarterly earnings results on Tuesday, February 20th. The basic materials company reported $0.94 earnings per share for the quarter. The company had revenue of $141.62 million for the quarter. CVR Partners had a return on equity of 50.45% and a net margin of 25.30%.

CVR Partners Price Performance

NYSE:UAN opened at $76.58 on Monday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.28 and a current ratio of 2.20. The stock’s 50-day moving average is $72.98 and its 200-day moving average is $72.77. CVR Partners has a 1-year low of $60.50 and a 1-year high of $104.86.

CVR Partners Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Monday, March 4th were issued a dividend of $1.68 per share. This is a boost from CVR Partners’s previous quarterly dividend of $1.55. This represents a $6.72 annualized dividend and a dividend yield of 8.78%. The ex-dividend date of this dividend was Friday, March 1st. CVR Partners’s payout ratio is 41.20%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut CVR Partners from a “buy” rating to a “hold” rating in a report on Wednesday, March 20th.

Hedge Funds Weigh In On CVR Partners

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. State of Tennessee Treasury Department lifted its stake in shares of CVR Partners by 16.1% in the fourth quarter. State of Tennessee Treasury Department now owns 4,902 shares of the basic materials company’s stock worth $321,000 after acquiring an additional 678 shares during the period. Franklin Resources Inc. acquired a new position in shares of CVR Partners in the fourth quarter worth approximately $483,000. Creative Planning acquired a new position in shares of CVR Partners in the third quarter worth approximately $443,000. Harbour Investments Inc. lifted its stake in shares of CVR Partners by 189.3% in the third quarter. Harbour Investments Inc. now owns 379 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 248 shares during the period. Finally, Mariner LLC lifted its stake in shares of CVR Partners by 12.0% in the third quarter. Mariner LLC now owns 3,043 shares of the basic materials company’s stock worth $251,000 after acquiring an additional 325 shares during the period. 43.83% of the stock is owned by institutional investors and hedge funds.

About CVR Partners

CVR Partners, LP, together with its subsidiaries, engages in the production and sale of nitrogen fertilizer products in the United States. The company offers ammonia products for agricultural and industrial customers; and urea ammonium nitrate products to agricultural customers, as well as retailers and distributors.