Wall Street analysts expect CF Industries Holdings, Inc. (NYSE:CF) to report $1.06 billion in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for CF Industries’ earnings. The lowest sales estimate is $1.06 billion and the highest is $1.07 billion. CF Industries reported sales of $1.04 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 1.9%. The firm is expected to issue its next earnings results on Wednesday, May 2nd.
According to Zacks, analysts expect that CF Industries will report full year sales of $1.06 billion for the current year, with estimates ranging from $3.94 billion to $4.45 billion. For the next financial year, analysts anticipate that the company will report sales of $4.46 billion per share, with estimates ranging from $4.20 billion to $4.69 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for CF Industries.
CF Industries (NYSE:CF) last released its quarterly earnings results on Wednesday, February 14th. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.06. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $988.91 million. CF Industries had a negative return on equity of 0.92% and a net margin of 8.67%. The firm’s quarterly revenue was up 26.8% compared to the same quarter last year. During the same quarter last year, the business posted ($0.39) EPS.
A number of research analysts recently issued reports on the company. Sanford C. Bernstein assumed coverage on CF Industries in a research note on Wednesday, February 21st. They set an “outperform” rating on the stock. Zacks Investment Research upgraded CF Industries from a “sell” rating to a “hold” rating in a research note on Wednesday, February 7th. Atlantic Securities downgraded CF Industries from a “neutral” rating to an “underweight” rating in a research note on Tuesday, November 14th. They noted that the move was a valuation call. Stephens set a $43.00 target price on CF Industries and gave the company a “hold” rating in a research note on Thursday, February 22nd. Finally, Cowen upgraded CF Industries from a “market perform” rating to an “outperform” rating in a research note on Monday. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $38.02.
CF Industries (NYSE:CF) opened at $43.20 on Wednesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.53 and a quick ratio of 2.05. CF Industries has a 12 month low of $25.04 and a 12 month high of $45.00.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Friday, February 16th were issued a $0.30 dividend. The ex-dividend date was Thursday, February 15th. This represents a $1.20 annualized dividend and a dividend yield of 2.78%. CF Industries’s dividend payout ratio is currently 78.95%.
Several institutional investors and hedge funds have recently bought and sold shares of CF. Tower Research Capital LLC TRC lifted its holdings in shares of CF Industries by 451.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,157 shares of the basic materials company’s stock valued at $134,000 after buying an additional 2,585 shares during the period. Delphi Private Advisors LLC acquired a new stake in shares of CF Industries in the 4th quarter valued at approximately $144,000. Stuart Chaussee & Associates Inc. acquired a new stake in shares of CF Industries in the 4th quarter valued at approximately $144,000. CoreCommodity Management LLC acquired a new stake in shares of CF Industries in the 4th quarter valued at approximately $153,000. Finally, Steward Partners Investment Advisory LLC acquired a new stake in shares of CF Industries in the 3rd quarter valued at approximately $183,000. 99.75% of the stock is owned by institutional investors and hedge funds.
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About CF Industries
CF Industries Holdings, Inc manufactures and distributes nitrogen fertilizer, and other nitrogen products. The Company’s nitrogen fertilizer products are ammonia, granular urea, urea ammonium nitrate solution (UAN) and ammonium nitrate (AN). Its other nitrogen products include diesel exhaust fluid (DEF), urea liquor, nitric acid and aqua ammonia, which are sold primarily to the Company’s industrial customers, and compound fertilizer products (nitrogen, phosphorus and potassium or NPKs).
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