CF Industries Holdings, Inc. (CF) Expected to Announce Earnings of $0.62 Per Share

Equities analysts expect CF Industries Holdings, Inc. (NYSE:CF) to report earnings of $0.62 per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for CF Industries’ earnings. The lowest EPS estimate is $0.44 and the highest is $0.86. CF Industries posted earnings per share of ($0.02) during the same quarter last year, which would suggest a positive year over year growth rate of 3,200%. The company is expected to issue its next earnings results on Wednesday, February 13th.

On average, analysts expect that CF Industries will report full-year earnings of $1.56 per share for the current year, with EPS estimates ranging from $1.24 to $1.88. For the next 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 calculations are an average based on a survey of research analysts that follow CF Industries.

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

CF has been the topic of a number of recent analyst reports. Royal Bank of Canada set a $50.00 price target on shares of CF Industries and gave the stock a “hold” rating in a report on Monday, October 1st. Stephens reissued a “hold” rating and set a $53.00 price target on shares of CF Industries in a report on Friday, August 3rd. UBS Group increased their price target on shares of CF Industries from $58.00 to $62.00 and gave the stock a “buy” rating in a report on Tuesday, October 2nd. HSBC raised shares of CF Industries from a “hold” rating to a “buy” rating and set a $36.30 price objective on the stock in a report on Tuesday, August 7th. Finally, Cowen increased their price objective on shares of CF Industries from $60.00 to $68.00 and gave the company an “outperform” rating in a report on Thursday, October 4th. One analyst has rated the stock with a sell rating, nine have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. CF Industries currently has a consensus rating of “Hold” and an average target price of $51.52.

Shares of NYSE CF opened at $53.67 on Friday. CF Industries has a 1 year low of $33.50 and a 1 year high of $56.51. The firm has a market cap of $11.92 billion, a P/E ratio of -214.68, a PEG ratio of 5.51 and a beta of 1.09. The company has a current ratio of 2.03, a quick ratio of 1.69 and a debt-to-equity ratio of 0.76.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Thursday, November 15th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend is Wednesday, November 14th. CF Industries’s payout ratio is -480.00%.

CF Industries declared that its board has initiated a stock buyback plan on Wednesday, August 1st that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the basic materials company to purchase up to 4.8% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

In other news, Director Stephen A. Furbacher sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of $51.43, for a total value of $51,430.00. Following the transaction, the director now directly owns 53,690 shares of the company’s stock, valued at $2,761,276.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.00% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Norinchukin Bank The lifted its stake in shares of CF Industries by 13.6% in the third quarter. Norinchukin Bank The now owns 30,029 shares of the basic materials company’s stock worth $1,635,000 after buying an additional 3,589 shares in the last quarter. Commonwealth Bank of Australia lifted its stake in shares of CF Industries by 13.1% in the third quarter. Commonwealth Bank of Australia now owns 35,403 shares of the basic materials company’s stock worth $1,923,000 after buying an additional 4,100 shares in the last quarter. First Mercantile Trust Co. purchased a new position in shares of CF Industries in the third quarter worth about $160,000. IBM Retirement Fund purchased a new position in shares of CF Industries in the third quarter worth about $206,000. Finally, Toronto Dominion Bank lifted its stake in shares of CF Industries by 1.1% in the third quarter. Toronto Dominion Bank now owns 151,730 shares of the basic materials company’s stock worth $8,258,000 after buying an additional 1,722 shares in the last quarter. 98.77% of the stock is currently owned by hedge funds and other institutional investors.

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.

Featured Story: Price to Earnings Ratio (PE)

Get a free copy of the Zacks research report on CF Industries (CF)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for CF Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CF Industries and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply