Wall Street brokerages expect CF Industries Holdings, Inc. (NYSE:CF) to report earnings per share (EPS) of $0.10 for the current quarter, according to Zacks. Two analysts have made estimates for CF Industries’ earnings, with estimates ranging from $0.05 to $0.17. CF Industries reported earnings of ($0.39) per share during the same quarter last year, which would suggest a positive year over year growth rate of 125.6%. The firm is scheduled to announce its next earnings results on Wednesday, November 7th.
On average, analysts expect that CF Industries will report full year earnings of $1.43 per share for the current fiscal year, with EPS estimates ranging from $1.24 to $1.71. For the next financial year, analysts expect that the firm will report earnings of $1.81 per share, with EPS estimates ranging from $1.50 to $2.32. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that follow CF Industries.
CF Industries (NYSE:CF) last posted its earnings results on Wednesday, August 1st. The basic materials company reported $0.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.18. CF Industries had a return on equity of 1.82% and a net margin of 13.94%. The business had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same period in the previous year, the business earned $0.10 earnings per share. The firm’s revenue was up 15.7% on a year-over-year basis.
Several equities analysts recently commented on CF shares. Royal Bank of Canada upgraded CF Industries from an “underperform” rating to a “sector perform” rating and boosted their target price for the stock from $38.00 to $42.00 in a research report on Wednesday, July 18th. Scotiabank upgraded CF Industries from a “sector perform” rating to an “outperform” rating in a research report on Thursday, June 28th. Zacks Investment Research upgraded CF Industries from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research report on Thursday, September 6th. HSBC upgraded CF Industries from a “hold” rating to a “buy” rating and set a $36.30 target price for the company in a research report on Tuesday, August 7th. Finally, ValuEngine upgraded CF Industries from a “hold” rating to a “buy” rating in a research report on Friday, June 1st. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $44.04.
CF Industries stock opened at $51.30 on Tuesday. CF Industries has a 52 week low of $31.90 and a 52 week high of $53.17. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.80 and a quick ratio of 2.26. The stock has a market cap of $12.28 billion, a P/E ratio of 107.31, a price-to-earnings-growth ratio of 6.15 and a beta of 1.03.
CF Industries announced that its Board of Directors has initiated a stock buyback program on Wednesday, August 1st that permits the company to buyback $500.00 million in shares. This buyback authorization permits the basic materials company to reacquire up to 4.8% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.
The company also recently declared a quarterly dividend, which was paid on Friday, August 31st. Shareholders of record on Wednesday, August 15th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend was Tuesday, August 14th. CF Industries’s dividend payout ratio (DPR) is currently -480.00%.
In other news, Director Stephen A. Furbacher sold 2,000 shares of the business’s stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $49.52, for a total value of $99,040.00. Following the completion of the sale, the director now owns 54,690 shares of the company’s stock, valued at approximately $2,708,248.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Adam L. Hall sold 20,256 shares of the business’s stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $48.59, for a total value of $984,239.04. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 40,131 shares of company stock valued at $1,976,560. Corporate insiders own 1.00% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue lifted its stake in shares of CF Industries by 14.9% in the 2nd quarter. State of Alaska Department of Revenue now owns 41,940 shares of the basic materials company’s stock valued at $1,861,000 after acquiring an additional 5,450 shares during the last quarter. Aperio Group LLC raised its position in CF Industries by 5.0% during the 2nd quarter. Aperio Group LLC now owns 122,030 shares of the basic materials company’s stock valued at $5,418,000 after purchasing an additional 5,862 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in CF Industries by 7.7% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 696,036 shares of the basic materials company’s stock valued at $30,904,000 after purchasing an additional 49,651 shares during the last quarter. NuWave Investment Management LLC raised its position in CF Industries by 125.0% during the 2nd quarter. NuWave Investment Management LLC now owns 8,050 shares of the basic materials company’s stock valued at $357,000 after purchasing an additional 4,473 shares during the last quarter. Finally, Alps Advisors Inc. raised its position in CF Industries by 4.3% during the 2nd quarter. Alps Advisors Inc. now owns 1,220,637 shares of the basic materials company’s stock valued at $51,926,000 after purchasing an additional 50,115 shares during the last quarter. 99.10% of the stock is owned by institutional investors.
CF Industries Company Profile
CF Industries Holdings, Inc manufactures and distributes nitrogen fertilizers and other nitrogen products worldwide. The company operates through Ammonia, Granular Urea, UAN, AN, and Other segments. Its principal nitrogen fertilizer products include ammonia, granular urea, urea ammonium nitrate, and ammonium nitrate.
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