CF Industries (NYSE:CF) Releases Earnings Results

CF Industries (NYSE:CF) released its quarterly earnings data on Wednesday. The basic materials company reported $1.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.44), Briefing.com reports. The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.46 billion. CF Industries had a net margin of 23.00% and a return on equity of 18.44%. CF Industries’s revenue was down 26.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.85 EPS.

CF Industries Stock Performance

CF traded down $4.27 during trading on Thursday, hitting $73.70. The company’s stock had a trading volume of 1,704,118 shares, compared to its average volume of 2,416,829. The company has a quick ratio of 3.44, a current ratio of 3.81 and a debt-to-equity ratio of 0.35. CF Industries has a one year low of $60.08 and a one year high of $87.90. The firm has a market cap of $13.84 billion, a PE ratio of 9.36, a P/E/G ratio of 2.25 and a beta of 1.02. The business’s 50 day simple moving average is $81.70 and its 200-day simple moving average is $79.48.

CF Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be given a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $2.00 annualized dividend and a yield of 2.71%. CF Industries’s payout ratio is presently 25.51%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on CF shares. Barclays raised shares of CF Industries from an “underweight” rating to an “equal weight” rating and set a $85.00 target price on the stock in a research note on Friday, January 12th. Berenberg Bank boosted their price objective on shares of CF Industries from $68.00 to $69.00 and gave the stock a “hold” rating in a research note on Wednesday, April 17th. Wells Fargo & Company dropped their price objective on shares of CF Industries from $98.00 to $97.00 and set an “overweight” rating on the stock in a research note on Friday, February 16th. Bank of America reissued a “neutral” rating and set a $88.00 price objective (down previously from $96.00) on shares of CF Industries in a research note on Wednesday, April 10th. Finally, Piper Sandler lowered shares of CF Industries from a “neutral” rating to an “underweight” rating and dropped their price objective for the stock from $87.00 to $82.00 in a research note on Thursday, February 29th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $86.47.

Insiders Place Their Bets

In other news, EVP Bert A. Frost sold 6,000 shares of the firm’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $85.00, for a total transaction of $510,000.00. Following the sale, the executive vice president now directly owns 64,030 shares in the company, valued at approximately $5,442,550. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.42% of the company’s stock.

About CF Industries

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.