CVR Partners (NYSE:UAN) Releases Earnings Results, Misses Expectations By $2.64 EPS

CVR Partners (NYSE:UAN) issued its earnings results on Tuesday. The basic materials company reported ($1.02) EPS for the quarter, missing the consensus estimate of $1.62 by ($2.64), Zacks reports. CVR Partners had a return on equity of 51.56% and a net margin of 23.67%. The business had revenue of $146.15 million during the quarter, compared to analyst estimates of $165.40 million.

CVR Partners Stock Down 4.8%

Shares of NYSE:UAN traded down $6.04 during midday trading on Tuesday, hitting $118.72. 24,523 shares of the stock were exchanged, compared to its average volume of 53,963. The company has a market capitalization of $1.25 billion, a PE ratio of 7.83 and a beta of 0.21. CVR Partners has a 52-week low of $93.43 and a 52-week high of $139.50. The company has a debt-to-equity ratio of 1.64, a quick ratio of 2.11 and a current ratio of 3.01. The business’s fifty day simple moving average is $127.94 and its two-hundred day simple moving average is $121.59.

Analyst Ratings Changes

Several research analysts recently weighed in on UAN shares. Freedom Broker initiated coverage on CVR Partners in a research report on Tuesday, October 27th. They set a “hold” rating and a $124.00 price target on the stock. Weiss Ratings restated a “buy (b)” rating on shares of CVR Partners in a research report on Tuesday, August 11th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $124.00.

About CVR Partners

CVR Partners, LP (NYSE: UAN) is a nitrogen fertilizer producer organized as a master limited partnership and managed by CVR GP, LLC. The company manufactures and sells nitrogen-based fertilizers used primarily in agricultural applications.

Its principal products are ammonia and urea ammonium nitrate (UAN) solution. Ammonia is sold directly to agricultural customers and other users, while UAN is a liquid fertilizer commonly applied to crops. CVR Partners markets its products to distributors, retailers, and agricultural customers.

CVR Partners operates production facilities in Coffeyville, Kansas, and East Dubuque, Illinois.