CF Industries (NYSE:CF) Announces Earnings Results

CF Industries (NYSE:CF – Get Free Report) released its quarterly earnings results on Wednesday. The basic materials company reported $2.87 earnings per share for the quarter, missing analysts’ consensus estimates of $3.00 by ($0.13), FiscalAI reports. The company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.77 billion. CF Industries had a return on equity of 24.95% and a net margin of 27.48%. The firm’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the previous year, the business posted $2.19 EPS.

CF Industries Stock Performance

CF stock traded up $1.72 during mid-day trading on Friday, reaching $120.29. The company had a trading volume of 877,764 shares, compared to its average volume of 3,179,997. CF Industries has a one year low of $75.42 and a one year high of $141.96. The stock has a market capitalization of $18.20 billion, a P/E ratio of 8.49, a P/E/G ratio of 0.22 and a beta of 0.54. The company has a quick ratio of 4.32, a current ratio of 4.86 and a debt-to-equity ratio of 0.36. The stock’s 50-day simple moving average is $122.58 and its two-hundred day simple moving average is $116.59.

CF Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 30th. Shareholders of record on Monday, November 16th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Monday, November 16th. CF Industries’s dividend payout ratio (DPR) is presently 16.94%.

CF Industries News Roundup

Here are the key news stories impacting CF Industries this week:

Analyst Ratings Changes

A number of equities analysts recently commented on CF shares. Sanford C. Bernstein started coverage on CF Industries in a research note on Friday, September 25th. They issued an “outperform” rating and a $162.00 price target for the company. set a $115.00 price target on shares of CF Industries and gave the company a “sector perform” rating in a report on Monday, October 5th. KeyCorp initiated coverage on shares of CF Industries in a research report on Thursday, September 10th. They set an “underweight” rating and a $115.00 price objective for the company. Scotiabank increased their price objective on shares of CF Industries from $125.00 to $130.00 and gave the stock an “outperform” rating in a research note on Monday, August 10th. Finally, Rothschild & Co Redburn raised shares of CF Industries from a “sell” rating to a “neutral” rating and raised their target price for the stock from $98.00 to $110.00 in a report on Monday, September 28th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $122.65.

View Our Latest Analysis on CF Industries

About CF Industries

(Get Free Report)

CF Industries Holdings, Inc is a global manufacturer of hydrogen and nitrogen products. The company produces ammonia, granular urea, urea ammonium nitrate, ammonium nitrate and nitric acid, which are used primarily in agricultural fertilizers and a range of industrial applications. CF Industries also supplies products such as diesel exhaust fluid and other nitrogen-based solutions.

The company serves agricultural and industrial customers in North America and internationally. Its manufacturing and distribution operations include facilities in the United States, Canada and the United Kingdom, supported by an extensive logistics and distribution network.

See Also

Earnings History for CF Industries (NYSE:CF)

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