CF Industries Holdings, Inc. Expected to Post Q2 2024 Earnings of $2.25 Per Share (NYSE:CF)

CF Industries Holdings, Inc. (NYSE:CF) – Investment analysts at Scotiabank issued their Q2 2024 earnings per share (EPS) estimates for CF Industries in a research report issued to clients and investors on Monday, May 6th. Scotiabank analyst B. Isaacson anticipates that the basic materials company will earn $2.25 per share for the quarter. Scotiabank has a “Sector Perform” rating and a $80.00 price objective on the stock. The consensus estimate for CF Industries’ current full-year earnings is $5.86 per share. Scotiabank also issued estimates for CF Industries’ FY2025 earnings at $6.57 EPS.

CF Industries (NYSE:CF) last issued its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $1.03 earnings per share for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.44). CF Industries had a net margin of 19.03% and a return on equity of 14.08%. The company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same period in the prior year, the business posted $2.85 earnings per share. The company’s quarterly revenue was down 26.9% compared to the same quarter last year.

Several other equities research analysts have also recently issued reports on the stock. UBS Group cut shares of CF Industries from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $95.00 to $83.00 in a research note on Wednesday, January 31st. Wells Fargo & Company dropped their price objective on shares of CF Industries from $98.00 to $97.00 and set an “overweight” rating for the company in a research note on Friday, February 16th. Royal Bank of Canada restated an “outperform” rating and set a $95.00 target price on shares of CF Industries in a report on Friday, February 16th. Barclays raised CF Industries from an “underweight” rating to an “equal weight” rating and set a $85.00 price target for the company in a report on Friday, January 12th. Finally, BMO Capital Markets lowered their price objective on CF Industries from $100.00 to $95.00 and set an “outperform” rating on the stock in a research note on Monday. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, CF Industries has an average rating of “Hold” and a consensus target price of $85.00.

CF Industries Stock Performance

Shares of NYSE:CF opened at $73.24 on Tuesday. The business’s 50 day moving average price is $81.11 and its 200-day moving average price is $79.11. CF Industries has a 1 year low of $60.08 and a 1 year high of $87.90. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.94 and a quick ratio of 3.55. The firm has a market capitalization of $13.39 billion, a PE ratio of 12.17, a P/E/G ratio of 2.11 and a beta of 1.02.

Hedge Funds Weigh In On CF Industries

Several hedge funds have recently bought and sold shares of the company. Nordea Investment Management AB increased its stake in CF Industries by 9.5% during the third quarter. Nordea Investment Management AB now owns 18,942 shares of the basic materials company’s stock worth $1,635,000 after purchasing an additional 1,636 shares during the period. Teachers Retirement System of The State of Kentucky increased its stake in CF Industries by 926.1% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 183,711 shares of the basic materials company’s stock worth $15,751,000 after buying an additional 165,808 shares during the period. Comerica Bank lifted its holdings in CF Industries by 133.8% during the 3rd quarter. Comerica Bank now owns 54,551 shares of the basic materials company’s stock worth $4,677,000 after buying an additional 31,215 shares in the last quarter. Klein Pavlis & Peasley Financial Inc. purchased a new position in CF Industries in the 4th quarter valued at approximately $1,627,000. Finally, Raymond James & Associates grew its stake in shares of CF Industries by 25.4% in the fourth quarter. Raymond James & Associates now owns 133,439 shares of the basic materials company’s stock worth $10,608,000 after acquiring an additional 27,027 shares in the last quarter. Institutional investors and hedge funds own 93.06% of the company’s stock.

Insider Buying and Selling at CF Industries

In other news, EVP Bert A. Frost sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $85.00, for a total value of $510,000.00. Following the transaction, 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 document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.48% of the company’s stock.

CF Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.73%. The ex-dividend date of this dividend is Tuesday, May 14th. CF Industries’s dividend payout ratio (DPR) is presently 33.22%.

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.