CVR Partners, LP (UAN) Expected to Announce Earnings of -$0.04 Per Share

Brokerages expect CVR Partners, LP (NYSE:UAN) to report earnings per share (EPS) of ($0.04) for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for CVR Partners,’s earnings. CVR Partners, reported earnings of $0.01 per share in the same quarter last year, which would indicate a negative year over year growth rate of 500%. The company is expected to issue its next quarterly earnings report before the market opens on Thursday, July 27th.

According to Zacks, analysts expect that CVR Partners, will report full year earnings of ($0.24) per share for the current fiscal year. For the next year, analysts forecast that the business will report earnings of ($0.09) per share. Zacks’ EPS averages are an average based on a survey of sell-side analysts that follow CVR Partners,.

CVR Partners, (NYSE:UAN) last released its earnings results on Thursday, April 27th. The basic materials company reported ($0.09) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by $0.07. The company had revenue of $85.30 million during the quarter, compared to the consensus estimate of $90.04 million. CVR Partners, had a negative return on equity of 5.85% and a negative net margin of 14.98%. CVR Partners,’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.25 EPS.

A number of equities analysts have recently issued reports on UAN shares. Zacks Investment Research upgraded shares of CVR Partners, from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 18th. TheStreet cut shares of CVR Partners, from a “c-” rating to a “d+” rating in a research note on Thursday, May 25th. ValuEngine upgraded shares of CVR Partners, from a “strong sell” rating to a “sell” rating in a research report on Friday, June 2nd. Finally, Cowen and Company reiterated a “hold” rating and set a $5.00 target price on shares of CVR Partners, in a research report on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $5.50.

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A number of large investors have recently modified their holdings of the company. Raging Capital Management LLC raised its stake in shares of CVR Partners, by 1,000.8% in the first quarter. Raging Capital Management LLC now owns 8,466,876 shares of the basic materials company’s stock worth $39,371,000 after buying an additional 7,697,736 shares in the last quarter. FMR LLC acquired a new position in shares of CVR Partners, during the first quarter valued at about $4,921,000. Walthausen & Co. LLC raised its position in shares of CVR Partners, by 330.9% in the first quarter. Walthausen & Co. LLC now owns 942,827 shares of the basic materials company’s stock valued at $4,384,000 after buying an additional 724,017 shares during the period. VIEX Capital Advisors LLC acquired a new position in shares of CVR Partners, during the first quarter valued at about $2,259,000. Finally, Goldman Sachs Group Inc. raised its position in shares of CVR Partners, by 50.0% in the first quarter. Goldman Sachs Group Inc. now owns 409,608 shares of the basic materials company’s stock valued at $1,905,000 after buying an additional 136,581 shares during the period. 22.40% of the stock is currently owned by hedge funds and other institutional investors.

CVR Partners, (UAN) traded down 3.75% on Friday, hitting $3.85. 110,130 shares of the stock traded hands. The firm’s market cap is $436.14 million. CVR Partners, has a 12-month low of $3.38 and a 12-month high of $8.14. The stock has a 50-day moving average of $3.74 and a 200-day moving average of $4.88.

CVR Partners, Company Profile

CVR Partners, LP is a limited partnership formed by CVR Energy, Inc (CVR Energy) to own, operate and grow its nitrogen fertilizer business. The Company produces and distributes nitrogen fertilizer products, which are used by farmers to manage the yield and quality of their crops. As of December 31, 2016, the Company produced its nitrogen fertilizer products at two manufacturing facilities, located in Coffeyville, Kansas and East Dubuque, Illinois.

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