CF Industries (CF) Scheduled to Post Quarterly Earnings on Wednesday

CF Industries (NYSE:CF) will be releasing its earnings data after the market closes on Wednesday, May 1st. Analysts expect CF Industries to post earnings of $1.45 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

CF Industries (NYSE:CF) last announced its quarterly earnings results on Thursday, February 15th. The basic materials company reported $1.44 earnings per share for the quarter, missing the consensus estimate of $1.56 by ($0.12). CF Industries had a return on equity of 18.44% and a net margin of 23.00%. The business 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 firm posted $4.35 EPS. The company’s revenue for the quarter was down 39.8% on a year-over-year basis. On average, analysts expect CF Industries to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

CF Industries Stock Performance

Shares of NYSE:CF opened at $80.83 on Tuesday. The firm has a fifty day simple moving average of $81.66 and a two-hundred day simple moving average of $79.53. CF Industries has a 52 week low of $60.08 and a 52 week high of $87.90. The company has a quick ratio of 3.44, a current ratio of 3.81 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $15.17 billion, a P/E ratio of 10.31, a PEG ratio of 2.28 and a beta of 1.03.

CF Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors 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 2.47%. The ex-dividend date is Tuesday, May 14th. CF Industries’s payout ratio is 25.51%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Royal Bank of Canada restated 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 downgraded CF Industries from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $95.00 to $83.00 in a research report on Wednesday, January 31st. Barclays raised shares of CF Industries from an “underweight” rating to an “equal weight” rating and set a $85.00 price objective for the company in a research note on Friday, January 12th. Wolfe Research began coverage on shares of CF Industries in a research note on Friday, March 1st. They issued an “outperform” rating and a $99.00 target price on the stock. Finally, Piper Sandler lowered shares of CF Industries from a “neutral” rating to an “underweight” rating and lowered their target price for the stock from $87.00 to $82.00 in a report on Thursday, February 29th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $86.47.

Insider Transactions at CF Industries

In other CF Industries news, EVP Bert A. Frost sold 6,000 shares of CF Industries stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $85.00, for a total transaction of $510,000.00. Following the completion of the sale, the executive vice president now directly owns 64,030 shares of the company’s stock, valued at approximately $5,442,550. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.48% of the company’s stock.

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.