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.
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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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