Wall Street analysts expect CVR Partners, LP (NYSE:UAN) to report earnings per share (EPS) of ($0.10) for the current quarter, Zacks Investment Research reports. Zero analysts have issued estimates for CVR Partners,’s earnings. CVR Partners, posted earnings per share of ($0.12) in the same quarter last year, which indicates a positive year-over-year growth rate of 16.7%. The company is expected to issue its next earnings report on Thursday, October 26th.
On average, analysts expect that CVR Partners, will report full year earnings of ($0.32) per share for the current financial year. For the next fiscal year, analysts anticipate that the business will report earnings of ($0.28) per share. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow CVR Partners,.
CVR Partners, (NYSE:UAN) last issued its quarterly earnings results on Thursday, July 27th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.04). The business had revenue of $97.90 million during the quarter, compared to analyst estimates of $117.15 million. CVR Partners, had a negative net margin of 12.03% and a negative return on equity of 6.74%. The company’s revenue for the quarter was down 18.3% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.15) earnings per share.
Several brokerages have commented on UAN. Cowen and Company reissued a “hold” rating on shares of CVR Partners, in a research report on Tuesday, September 26th. BidaskClub lowered shares of CVR Partners, from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st. Zacks Investment Research upgraded shares of CVR Partners, from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 18th. Finally, ValuEngine upgraded shares of CVR Partners, from a “strong sell” rating to a “sell” rating in a research note on Friday, September 1st. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $5.50.
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Shares of CVR Partners, (NYSE:UAN) opened at 3.40 on Thursday. The firm’s market capitalization is $385.16 million. The stock has a 50 day moving average price of $3.04 and a 200 day moving average price of $3.88. CVR Partners, has a 12 month low of $2.58 and a 12 month high of $6.95.
Several institutional investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. increased its stake in shares of CVR Partners, by 698.5% during the 2nd quarter. Goldman Sachs Group Inc. now owns 3,270,562 shares of the basic materials company’s stock worth $11,414,000 after purchasing an additional 2,860,954 shares during the last quarter. Virtu KCG Holdings LLC increased its stake in shares of CVR Partners, by 47.0% during the 2nd quarter. Virtu KCG Holdings LLC now owns 47,458 shares of the basic materials company’s stock worth $166,000 after purchasing an additional 15,174 shares during the last quarter. Citigroup Inc. acquired a new position in shares of CVR Partners, during the 2nd quarter worth about $263,000. Wells Fargo & Company MN increased its stake in shares of CVR Partners, by 13.5% during the 2nd quarter. Wells Fargo & Company MN now owns 97,099 shares of the basic materials company’s stock worth $339,000 after purchasing an additional 11,581 shares during the last quarter. Finally, Leucadia National Corp acquired a new position in shares of CVR Partners, during the 2nd quarter worth about $349,000. Institutional investors own 22.33% of the company’s stock.
CVR Partners, Company Profile
CVR Partners, LP is a limited partnership formed by CVR Energy, Inc (CVR Energy) to own, operate and grow its nitrogen fertilizer business. The Company produces and distributes nitrogen fertilizer products, which are used by farmers to manage the yield and quality of their crops. As of December 31, 2016, the Company produced its nitrogen fertilizer products at two manufacturing facilities, located in Coffeyville, Kansas and East Dubuque, Illinois.
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