CVR Partners, LP (NYSE:UAN) released its earnings results on Wednesday. The basic materials company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.18), Briefing.com reports. CVR Partners, had a negative net margin of 12.03% and a negative return on equity of 6.74%. The firm had revenue of $69.40 million during the quarter, compared to analyst estimates of $82.51 million. During the same period in the previous year, the company earned ($0.12) earnings per share. CVR Partners,’s revenue was down 11.6% on a year-over-year basis.
Several equities analysts recently issued reports on the company. Cowen and Company reissued a “hold” rating and issued a $5.00 target price on shares of CVR Partners, in a research report on Tuesday, July 11th. BidaskClub downgraded CVR Partners, from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. Zacks Investment Research raised CVR Partners, from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 18th. Finally, ValuEngine raised CVR Partners, from a “strong sell” rating to a “sell” rating in a research report on Friday, September 1st. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $5.50.
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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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