Zacks: Brokerages Expect CF Industries Holdings, Inc. (CF) to Announce $0.36 EPS

Wall Street analysts expect that CF Industries Holdings, Inc. (NYSE:CF) will report $0.36 earnings per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for CF Industries’ earnings. The highest EPS estimate is $0.48 and the lowest is $0.26. CF Industries reported earnings per share of $0.10 in the same quarter last year, which suggests a positive year-over-year growth rate of 260%. The company is scheduled to announce its next earnings results on Wednesday, August 1st.

On average, analysts expect that CF Industries will report full year earnings of $0.94 per share for the current fiscal year, with EPS estimates ranging from $0.74 to $1.36. For the next year, analysts forecast that the firm will report earnings of $1.64 per share, with EPS estimates ranging from $1.16 to $2.37. Zacks’ EPS calculations are an average based on a survey of research analysts that that provide coverage for CF Industries.

CF Industries (NYSE:CF) last announced its quarterly earnings results on Wednesday, May 2nd. The basic materials company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.10. CF Industries had a net margin of 10.96% and a negative return on equity of 0.11%. The firm had revenue of $957.00 million during the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the prior year, the company earned $0.05 EPS. The firm’s revenue was down 7.7% on a year-over-year basis.

A number of brokerages have commented on CF. TheStreet upgraded shares of CF Industries from a “c+” rating to a “b-” rating in a report on Friday, March 9th. Bank of America lowered shares of CF Industries from a “buy” rating to an “underperform” rating and set a $40.00 price objective on the stock. in a report on Thursday, March 8th. Citigroup lowered shares of CF Industries from a “buy” rating to a “neutral” rating in a report on Tuesday, March 13th. Royal Bank of Canada boosted their price objective on shares of CF Industries from $37.00 to $38.00 and gave the stock an “underperform” rating in a report on Friday, April 20th. Finally, ValuEngine lowered shares of CF Industries from a “buy” rating to a “hold” rating in a report on Monday, May 7th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company. CF Industries has a consensus rating of “Hold” and a consensus price target of $39.71.

Shares of CF Industries opened at $44.26 on Wednesday, MarketBeat.com reports. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.65 and a quick ratio of 2.01. CF Industries has a twelve month low of $27.27 and a twelve month high of $46.20. The firm has a market cap of $10.36 billion, a P/E ratio of -177.04, a price-to-earnings-growth ratio of 7.91 and a beta of 1.06.

In other news, VP Adam L. Hall sold 15,540 shares of the company’s stock in a transaction dated Monday, May 14th. The shares were sold at an average price of $40.53, for a total value of $629,836.20. Following the sale, the vice president now owns 39,566 shares in the company, valued at approximately $1,603,609.98. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.00% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA raised its stake in CF Industries by 41.1% during the first quarter. Massachusetts Financial Services Co. MA now owns 4,780,097 shares of the basic materials company’s stock worth $180,352,000 after acquiring an additional 1,391,605 shares during the period. Geode Capital Management LLC raised its stake in CF Industries by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 2,638,040 shares of the basic materials company’s stock worth $112,002,000 after acquiring an additional 91,806 shares during the period. Platinum Investment Management Ltd. raised its stake in CF Industries by 53.4% during the first quarter. Platinum Investment Management Ltd. now owns 2,491,533 shares of the basic materials company’s stock worth $94,005,000 after acquiring an additional 867,700 shares during the period. Schwab Charles Investment Management Inc. raised its stake in CF Industries by 12.4% during the first quarter. Schwab Charles Investment Management Inc. now owns 1,472,545 shares of the basic materials company’s stock worth $55,560,000 after acquiring an additional 162,271 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in CF Industries by 137.4% during the first quarter. JPMorgan Chase & Co. now owns 1,466,777 shares of the basic materials company’s stock worth $55,342,000 after acquiring an additional 849,036 shares during the period. Hedge funds and other institutional investors own 99.67% of the company’s stock.

CF Industries Company Profile

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.

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