CF Industries Holdings, Inc. (NYSE:CF) to Post Q1 2024 Earnings of $1.43 Per Share, Zacks Research Forecasts

CF Industries Holdings, Inc. (NYSE:CF) – Investment analysts at Zacks Research lifted their Q1 2024 earnings estimates for shares of CF Industries in a research note issued to investors on Wednesday, April 17th. Zacks Research analyst M. Agrawal now anticipates that the basic materials company will earn $1.43 per share for the quarter, up from their prior forecast of $1.37. The consensus estimate for CF Industries’ current full-year earnings is $5.86 per share. Zacks Research also issued estimates for CF Industries’ Q1 2025 earnings at $0.90 EPS and Q1 2026 earnings at $1.53 EPS.

CF Industries (NYSE:CF) last released its quarterly earnings data on Thursday, February 15th. The basic materials company reported $1.44 EPS for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.12). CF Industries had a net margin of 23.00% and a return on equity of 18.44%. The firm had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the prior year, the company earned $4.35 EPS. CF Industries’s quarterly revenue was down 39.8% on a year-over-year basis.

Several other research firms have also recently weighed in on CF. Royal Bank of Canada reaffirmed an “outperform” rating and set a $95.00 price objective on shares of CF Industries in a research report on Friday, February 16th. UBS Group lowered CF Industries from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $95.00 to $83.00 in a research note on Wednesday, January 31st. Wolfe Research initiated coverage on CF Industries in a research note on Friday, March 1st. They issued an “outperform” rating and a $99.00 price objective on the stock. Wells Fargo & Company dropped their price objective on CF Industries from $98.00 to $97.00 and set an “overweight” rating on the stock in a research note on Friday, February 16th. Finally, Bank of America restated a “neutral” rating and issued a $88.00 price objective (down previously from $96.00) on shares of CF Industries in a research note on Wednesday, April 10th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $87.94.

CF Industries Stock Performance

CF opened at $79.59 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 3.81 and a quick ratio of 3.44. The company has a market capitalization of $14.94 billion, a price-to-earnings ratio of 10.15, a P/E/G ratio of 2.21 and a beta of 1.03. The business’s 50-day moving average price is $81.40 and its two-hundred day moving average price is $79.77. CF Industries has a 1 year low of $60.08 and a 1 year high of $87.90.

Institutional Investors Weigh In On CF Industries

Hedge funds have recently modified their holdings of the company. Coppell Advisory Solutions Corp. acquired a new stake in shares of CF Industries during the 4th quarter valued at $26,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of CF Industries during the 4th quarter valued at $29,000. ORG Partners LLC raised its position in CF Industries by 428.6% during the 3rd quarter. ORG Partners LLC now owns 370 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 300 shares during the last quarter. Clear Street Markets LLC raised its position in CF Industries by 92.5% during the 1st quarter. Clear Street Markets LLC now owns 385 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 185 shares during the last quarter. Finally, Bruce G. Allen Investments LLC bought a new position in CF Industries during the 4th quarter worth $32,000. Institutional investors and hedge funds own 93.06% of the company’s stock.

Insider Buying and Selling at CF Industries

In other CF Industries news, EVP Bert A. Frost sold 6,000 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $85.00, for a total value of $510,000.00. Following the sale, the executive vice president now owns 64,030 shares of the company’s stock, valued at approximately $5,442,550. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.42% of the company’s stock.

CF Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.51%. CF Industries’s dividend payout ratio is presently 25.51%.

CF Industries Company Profile

CF Industries Holdings, Inc, together with its subsidiaries, engages in the manufacture and sale of hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities in North America, Europe, and internationally. It operates through Ammonia, Granular Urea, UAN, AN, and Other segments.