Analysts predict CF Industries Holdings, Inc. (NYSE:CF – Get Rating) will post $3.65 billion in revenue for the current quarter, according to Zacks Investment Research. Five analysts have released earnings estimates for CF Industries, with estimates ranging from $3.42 billion to $3.75 billion. CF Industries reported sales of $1.59 billion in the same quarter last year, which would indicate a positive growth rate of 129.6% year over year. The company is expected to release its next quarterly earnings report on Monday, January 1.
On average, analysts expect CF Industries to report annual sales of $11.92 billion for the current year, with estimates ranging from $11.29 billion to $12.52 billion. For the next fiscal year, analysts expect the company to post sales of $9.88 billion, with estimates ranging from $8.25 billion to $11.01 billion. Zacks sales calculations are an average based on a survey of research companies that cover CF Industries.
CF Industries (NYSE:CF – Get Rating) last released quarterly earnings data on Wednesday, May 4. The basic materials company reported EPS of $4.21 for the quarter, meeting analyst consensus estimates of $4.21. The company posted revenue of $2.87 billion in the quarter, compared to $2.62 billion expected by analysts. CF Industries achieved a net margin of 19.73% and a return on equity of 35.04%. The company’s revenue increased 173.7% year over year. During the same period last year, the company posted EPS of $0.70.
A number of brokerages have recently commented on CF. Royal Bank of Canada lowered its price target on CF Industries from $105.00 to $100.00 and set an “industry performance” rating for the company in a Monday, May 9 research note. Citigroup raised its price target on CF Industries from $86.00 to $121.00 and gave the company a “buy” rating in a Tuesday, March 22 research note. JPMorgan Chase & Co. downgraded CF Industries from an “overweight” rating to a “neutral” rating and raised its target price for the company from $70.00 to $75.00 in a Thursday, February 17 research note . Scotiabank downgraded CF Industries from an ‘sector outperformer’ rating to an ‘sector performer’ rating and raised its price target for the stock from $81.00 to $118.00 in a report research on Monday, March 28. Finally, Barclays raised its price target on CF Industries shares from $68.00 to $83.00 in a Thursday, February 17 research note. Nine equity research analysts gave the stock a hold rating and eight gave the stock a buy rating. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $95.09.
Separately, Vice President Susan L. Menzel sold 20,000 shares of the company in a transaction dated Monday, February 28. The shares were sold at an average price of $80.35, for a total transaction of $1,607,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. Additionally, CEO W Anthony Will sold 1,098,645 shares in a trade that took place on Monday, February 28. The stock was sold at an average price of $80.27, for a total transaction of $88,188,234.15. The disclosure of this sale can be found here. In the past three months, insiders have sold 1,333,463 shares of the company valued at $107,631,042. Insiders of the company own 0.42% of the shares of the company.
Several institutional investors and hedge funds have recently changed their CF holdings. Signaturefd LLC increased its position in CF Industries by 32.7% in the first quarter. Signaturefd LLC now owns 528 shares of the basic materials company valued at $54,000 after purchasing an additional 130 shares in the last quarter. Jacobi Capital Management LLC increased its stake in CF Industries shares by 3.0% in the first quarter. Jacobi Capital Management LLC now owns 4,741 shares of the basic materials company valued at $489,000 after purchasing 136 additional shares during the period. Catalyst Capital Advisors LLC increased its stake in CF Industries shares by 64.3% during the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the basic materials company valued at $26,000 after purchasing an additional 142 shares during the period. State of Michigan Retirement System increased its position in CF Industries by 0.3% during the first quarter. State of Michigan Retirement System now owns 54,154 shares of the basic materials company worth $5,581,000 after buying 142 additional shares in the last quarter. Finally, Commerce Bank increased its position in CF Industries by 0.9% during the fourth quarter. Commerce Bank now owns 15,854 shares of the basic materials company worth $1,122,000 after buying 144 more shares last quarter. Institutional investors and hedge funds own 93.00% of the company’s shares.
NYSE: CF opened at $95.79 on Monday. The company has a quick ratio of 1.50, a current ratio of 1.72 and a debt ratio of 0.44. The company has a market capitalization of $19.98 billion, a PE ratio of 12.34, a growth price-earnings ratio of 0.88 and a beta of 1.02. The stock has a fifty-day simple moving average of $101.09 and a 200-day simple moving average of $81.21. CF Industries has a 52-week low of $43.19 and a 52-week high of $113.49.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 31. Investors of record on Monday, May 16 will receive a dividend of $0.40 per share. The ex-dividend date is Friday, May 13. This represents a dividend of $1.60 on an annualized basis and a yield of 1.67%. This is an increase from CF Industries’ previous quarterly dividend of $0.30. CF Industries’ payout ratio is currently 20.62%.
CF Industries Company Profile (Get an assessment)
CF Industries Holdings, Inc. manufactures and sells hydrogen and nitrogen products for power, fertilizer, emission control, and other industrial operations worldwide. Its main products include anhydrous ammonia, granular urea, urea ammonium nitrate and ammonium nitrate products. The company also offers diesel exhaust fluid, urea liquor, nitric acid and aqua ammonia products; and compound fertilizers containing nitrogen, phosphorus and potassium.
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