FY2024 EPS Estimates for CF Industries Holdings, Inc. Boosted by Analyst (NYSE:CF)

CF Industries Holdings, Inc. (NYSE:CF) – Scotiabank boosted their FY2024 earnings per share estimates for CF Industries in a research note issued on Monday, May 6th. Scotiabank analyst B. Isaacson now expects that the basic materials company will earn $7.06 per share for the year, up from their previous estimate of $5.66. Scotiabank has a “Sector Perform” rating and a $80.00 price target on the stock. The consensus estimate for CF Industries’ current full-year earnings is $5.86 per share.

CF Industries (NYSE:CF) last released its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $1.03 EPS for the quarter, missing the consensus estimate of $1.47 by ($0.44). CF Industries had a return on equity of 14.08% and a net margin of 19.03%. The firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter in the prior year, the business earned $2.85 earnings per share. The company’s quarterly revenue was down 26.9% on a year-over-year basis.

Several other research analysts have also commented on CF. Royal Bank of Canada restated an “outperform” rating and set a $95.00 price target on shares of CF Industries in a research report on Friday, February 16th. UBS Group lowered CF Industries from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $95.00 to $83.00 in a research report on Wednesday, January 31st. BMO Capital Markets reduced their price objective on CF Industries from $100.00 to $95.00 and set an “outperform” rating on the stock in a research note on Monday. Berenberg Bank increased their price objective on CF Industries from $68.00 to $69.00 and gave the company a “hold” rating in a research note on Wednesday, April 17th. Finally, Wolfe Research started coverage on CF Industries in a research note on Friday, March 1st. They issued an “outperform” rating and a $99.00 price objective on the stock. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $85.00.

CF Industries Trading Down 2.3 %

CF opened at $73.24 on Wednesday. CF Industries has a 52 week low of $60.08 and a 52 week high of $87.90. The business has a fifty day simple moving average of $81.11 and a 200-day simple moving average of $79.11. The firm has a market cap of $13.39 billion, a P/E ratio of 12.17, a P/E/G ratio of 2.11 and a beta of 1.02. The company has a quick ratio of 3.55, a current ratio of 3.94 and a debt-to-equity ratio of 0.37.

CF Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date of this dividend is Tuesday, May 14th. CF Industries’s dividend payout ratio (DPR) is currently 33.22%.

Insider Transactions at CF Industries

In other news, EVP Bert A. Frost sold 6,000 shares of CF Industries stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $85.00, for a total transaction of $510,000.00. Following the sale, the executive vice president now owns 64,030 shares in the company, valued at $5,442,550. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.48% of the company’s stock.

Hedge Funds Weigh In On CF Industries

A number of hedge funds and other institutional investors have recently made changes to their positions in CF. Norges Bank purchased a new position in shares of CF Industries during the fourth quarter worth about $193,145,000. Boston Partners purchased a new stake in CF Industries in the 3rd quarter valued at approximately $160,475,000. Goldman Sachs Group Inc. boosted its holdings in CF Industries by 68.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,546,331 shares of the basic materials company’s stock valued at $122,933,000 after purchasing an additional 630,264 shares in the last quarter. Van ECK Associates Corp boosted its holdings in CF Industries by 98.4% in the 3rd quarter. Van ECK Associates Corp now owns 891,216 shares of the basic materials company’s stock valued at $76,413,000 after purchasing an additional 441,995 shares in the last quarter. Finally, First Trust Advisors LP boosted its holdings in CF Industries by 16.5% in the 4th quarter. First Trust Advisors LP now owns 2,928,039 shares of the basic materials company’s stock valued at $232,779,000 after purchasing an additional 414,785 shares in the last quarter. Hedge funds and other institutional investors own 93.06% of the company’s stock.

CF Industries Company Profile

CF Industries Holdings, Inc, together with its subsidiaries, engages in the manufacture and sale of hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities in North America, Europe, and internationally. It operates through Ammonia, Granular Urea, UAN, AN, and Other segments.