Wall Street brokerages expect that CF Industries Holdings, Inc. (NYSE:CF) will report $1.06 billion in sales for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for CF Industries’ earnings, with the highest sales estimate coming in at $1.10 billion and the lowest estimate coming in at $1.02 billion. CF Industries reported sales of $1.13 billion in the same quarter last year, which indicates a negative year-over-year growth rate of 6.2%. The firm is expected to announce its next quarterly earnings report on Wednesday, February 12th.
On average, analysts expect that CF Industries will report full-year sales of $4.59 billion for the current year, with estimates ranging from $4.56 billion to $4.64 billion. For the next fiscal year, analysts anticipate that the company will post sales of $4.54 billion, with estimates ranging from $4.33 billion to $4.75 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover CF Industries.
CF Industries (NYSE:CF) last issued its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.06). CF Industries had a return on equity of 7.98% and a net margin of 10.42%. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the prior year, the company earned $0.13 EPS. The firm’s revenue was down .2% compared to the same quarter last year.
A number of equities research analysts have commented on the stock. Zacks Investment Research lowered shares of CF Industries from a “buy” rating to a “hold” rating and set a $49.00 price objective on the stock. in a report on Monday, November 4th. ValuEngine lowered shares of CF Industries from a “buy” rating to a “hold” rating in a report on Thursday, January 16th. Bank of America raised shares of CF Industries from a “neutral” rating to a “buy” rating and set a $56.00 target price on the stock in a research note on Monday, November 25th. Stephens lowered shares of CF Industries from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $60.00 to $50.00 in a research note on Thursday. Finally, Morgan Stanley reduced their target price on shares of CF Industries from $48.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $50.80.
In related news, Director Stephen A. Furbacher sold 3,500 shares of CF Industries stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $47.50, for a total transaction of $166,250.00. Following the transaction, the director now owns 49,187 shares of the company’s stock, valued at approximately $2,336,382.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Bert A. Frost sold 13,000 shares of CF Industries stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $45.50, for a total transaction of $591,500.00. Following the transaction, the vice president now directly owns 95,072 shares in the company, valued at approximately $4,325,776. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in CF. Profund Advisors LLC boosted its stake in CF Industries by 6.6% during the 2nd quarter. Profund Advisors LLC now owns 8,646 shares of the basic materials company’s stock worth $404,000 after acquiring an additional 536 shares during the last quarter. HighTower Advisors LLC boosted its stake in CF Industries by 194.4% during the 2nd quarter. HighTower Advisors LLC now owns 31,944 shares of the basic materials company’s stock worth $1,493,000 after acquiring an additional 21,095 shares during the last quarter. Asset Management One Co. Ltd. boosted its stake in CF Industries by 10.1% during the 2nd quarter. Asset Management One Co. Ltd. now owns 115,625 shares of the basic materials company’s stock worth $5,400,000 after acquiring an additional 10,647 shares during the last quarter. Private Advisor Group LLC boosted its stake in CF Industries by 98.2% during the 2nd quarter. Private Advisor Group LLC now owns 11,152 shares of the basic materials company’s stock worth $521,000 after acquiring an additional 5,524 shares during the last quarter. Finally, Ellington Management Group LLC bought a new position in CF Industries during the 2nd quarter worth approximately $234,000. 93.48% of the stock is currently owned by institutional investors and hedge funds.
NYSE:CF traded down $1.57 during mid-day trading on Friday, reaching $40.93. 2,503,762 shares of the company were exchanged, compared to its average volume of 2,277,601. CF Industries has a 12 month low of $38.90 and a 12 month high of $55.15. The company has a fifty day moving average of $45.99 and a 200 day moving average of $47.41. The company has a quick ratio of 1.10, a current ratio of 1.34 and a debt-to-equity ratio of 0.74. The stock has a market cap of $9.29 billion, a PE ratio of 18.78, a PEG ratio of 2.91 and a beta of 0.95.
CF Industries Company Profile
CF Industries Holdings, Inc manufactures and distributes nitrogen fertilizers and other nitrogen products worldwide. Its principal nitrogen fertilizer products include ammonia, granular urea, urea ammonium nitrate solution, and ammonium nitrate. The company also offers diesel exhaust fluid, urea liquor, nitric acid, and aqua ammonia products, as well as compound fertilizer products with nitrogen, phosphorus, and potassium.
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