CVR Partners, LP (UAN) Releases Quarterly Earnings Results, Misses Estimates By $0.18 EPS

CVR Partners, LP (NYSE:UAN) posted its quarterly earnings data on Wednesday. The basic materials company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.18), reports. The firm had revenue of $69.40 million for the quarter, compared to the consensus estimate of $82.51 million. CVR Partners, had a negative return on equity of 6.74% and a negative net margin of 12.03%. The company’s revenue was down 11.6% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.12) EPS.

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Several research analysts recently commented on the stock. Cowen and Company reiterated a “hold” rating and set a $5.00 price objective on shares of CVR Partners, in a research note on Tuesday, July 11th. BidaskClub lowered shares of CVR Partners, from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st. 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. Finally, ValuEngine upgraded shares of CVR Partners, from a “strong sell” rating to a “sell” rating in a research note on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. CVR Partners, currently has a consensus rating of “Hold” and an average price target of $5.50.

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.

Earnings History for CVR Partners, (NYSE:UAN)

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