CF Industries Holdings, Inc. (CF) Expected to Announce Earnings of $0.60 Per Share

Analysts expect CF Industries Holdings, Inc. (NYSE:CF) to post $0.60 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for CF Industries’ earnings, with the lowest EPS estimate coming in at $0.45 and the highest estimate coming in at $0.86. CF Industries reported earnings of ($0.02) per share during the same quarter last year, which indicates a positive year-over-year growth rate of 3,100%. The company is expected to issue its next earnings results on Wednesday, February 13th.

According to Zacks, analysts expect that CF Industries will report full-year earnings of $1.60 per share for the current fiscal year, with EPS estimates ranging from $1.45 to $1.81. For the next financial year, analysts expect that the business will post earnings of $2.52 per share, with EPS estimates ranging from $1.65 to $3.40. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover CF Industries.

CF Industries (NYSE:CF) last issued its quarterly earnings results on Wednesday, October 31st. The basic materials company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.02). CF Industries had a net margin of 16.06% and a return on equity of 3.69%. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $993.94 million. During the same period last year, the business posted ($0.39) earnings per share. CF Industries’s revenue for the quarter was up 19.5% on a year-over-year basis.

A number of equities analysts recently weighed in on CF shares. Cowen increased their price target on CF Industries from $60.00 to $68.00 and gave the company an “outperform” rating in a research report on Thursday, October 4th. Stephens set a $55.00 price target on CF Industries and gave the company a “hold” rating in a research report on Monday, October 1st. Zacks Investment Research upgraded CF Industries from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research report on Thursday, September 6th. Morgan Stanley increased their price target on CF Industries from $37.00 to $60.00 and gave the company a “hold” rating in a research report on Wednesday, October 10th. Finally, Citigroup increased their price target on CF Industries from $50.00 to $56.00 and gave the company a “neutral” rating in a research report on Thursday, October 11th. Nine investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $51.52.

In other CF Industries news, Director Stephen A. Furbacher sold 3,500 shares of the firm’s stock in a transaction dated Friday, November 9th. The stock was sold at an average price of $52.45, for a total transaction of $183,575.00. Following the completion of the sale, the director now directly owns 50,190 shares in the company, valued at approximately $2,632,465.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.00% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Great Lakes Advisors LLC purchased a new stake in shares of CF Industries during the 3rd quarter worth about $17,836,000. Carnegie Capital Asset Management LLC purchased a new stake in shares of CF Industries during the 3rd quarter worth about $249,000. Belpointe Asset Management LLC purchased a new stake in shares of CF Industries during the 3rd quarter worth about $179,000. Vanguard Group Inc. raised its stake in shares of CF Industries by 2.7% during the 3rd quarter. Vanguard Group Inc. now owns 28,586,798 shares of the basic materials company’s stock worth $1,556,265,000 after purchasing an additional 740,130 shares in the last quarter. Finally, Morgan Stanley raised its stake in shares of CF Industries by 85.9% during the 3rd quarter. Morgan Stanley now owns 1,215,376 shares of the basic materials company’s stock worth $66,164,000 after purchasing an additional 561,606 shares in the last quarter. 99.79% of the stock is owned by institutional investors.

NYSE:CF opened at $42.19 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.03 and a quick ratio of 1.69. CF Industries has a 1-year low of $35.70 and a 1-year high of $56.51. The firm has a market capitalization of $10.04 billion, a P/E ratio of -168.76, a P/E/G ratio of 4.52 and a beta of 1.09.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 30th. Shareholders of record on Thursday, November 15th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 2.84%. CF Industries’s payout ratio is presently -480.00%.

About CF Industries

CF Industries Holdings, Inc manufactures and distributes nitrogen fertilizers and other nitrogen products worldwide. The company operates through Ammonia, Granular Urea, UAN, AN, and Other segments. Its principal nitrogen fertilizer products include ammonia, granular urea, urea ammonium nitrate, and ammonium nitrate.

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