$1.06 Billion in Sales Expected for CF Industries Holdings, Inc. (CF) This Quarter

Analysts forecast that CF Industries Holdings, Inc. (NYSE:CF) will post $1.06 billion in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for CF Industries’ earnings. The lowest sales estimate is $1.05 billion and the highest is $1.06 billion. CF Industries reported sales of $867.00 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 22.3%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, February 21st.

On average, analysts expect that CF Industries will report full year sales of $1.06 billion for the current financial year, with estimates ranging from $3.70 billion to $4.09 billion. For the next fiscal year, analysts forecast that the company will post sales of $4.14 billion per share, with estimates ranging from $3.94 billion to $4.47 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover CF Industries.

CF Industries (NYSE:CF) last announced its earnings results on Wednesday, November 1st. The basic materials company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.35) by ($0.04). CF Industries had a negative return on equity of 2.29% and a negative net margin of 10.95%. The business had revenue of $870.00 million for the quarter, compared to analysts’ expectations of $733.63 million. During the same period in the previous year, the company earned $0.13 earnings per share. CF Industries’s quarterly revenue was up 27.9% on a year-over-year basis.

Several brokerages recently weighed in on CF. BMO Capital Markets upped their target price on shares of CF Industries from $38.00 to $43.00 and gave the stock a “market perform” rating in a research note on Friday, November 3rd. Piper Jaffray Companies set a $28.00 target price on shares of CF Industries and gave the stock a “hold” rating in a research note on Friday, October 6th. Zacks Investment Research cut shares of CF Industries from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. Cowen boosted their price target on shares of CF Industries from $27.00 to $33.00 and gave the stock a “market perform” rating in a report on Wednesday, November 8th. Finally, Atlantic Securities cut shares of CF Industries from a “neutral” rating to an “underweight” rating in a report on Tuesday, November 14th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $34.95.

In other news, Director Stephen A. Furbacher sold 3,500 shares of the company’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $36.00, for a total value of $126,000.00. Following the completion of the transaction, the director now owns 50,854 shares in the company, valued at approximately $1,830,744. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP Bert A. Frost sold 7,500 shares of the company’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $36.50, for a total transaction of $273,750.00. Following the completion of the transaction, the vice president now owns 67,232 shares of the company’s stock, valued at approximately $2,453,968. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in CF Industries by 2.2% during the 2nd quarter. Vanguard Group Inc. now owns 24,160,218 shares of the basic materials company’s stock worth $675,520,000 after purchasing an additional 523,655 shares during the period. Capital World Investors increased its holdings in CF Industries by 21.4% during the 2nd quarter. Capital World Investors now owns 15,203,728 shares of the basic materials company’s stock valued at $425,096,000 after acquiring an additional 2,675,809 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in CF Industries by 3.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,888,875 shares of the basic materials company’s stock valued at $108,724,000 after acquiring an additional 114,534 shares in the last quarter. Tyrus Capital S.A.M. increased its holdings in CF Industries by 7.8% during the 2nd quarter. Tyrus Capital S.A.M. now owns 2,815,000 shares of the basic materials company’s stock valued at $78,707,000 after acquiring an additional 204,885 shares in the last quarter. Finally, Glendon Capital Management LP increased its holdings in CF Industries by 14.3% during the 2nd quarter. Glendon Capital Management LP now owns 2,619,751 shares of the basic materials company’s stock valued at $73,248,000 after acquiring an additional 327,600 shares in the last quarter.

Shares of CF Industries (CF) opened at $42.54 on Friday. CF Industries has a 52 week low of $25.04 and a 52 week high of $43.42. The firm has a market cap of $9,939.21, a P/E ratio of -23.25 and a beta of 1.16. The company has a current ratio of 1.71, a quick ratio of 1.51 and a debt-to-equity ratio of 0.80.

The company also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Wednesday, November 15th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.82%. The ex-dividend date of this dividend was Tuesday, November 14th. CF Industries’s dividend payout ratio (DPR) is presently -65.57%.

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About CF Industries

CF Industries Holdings, Inc manufactures and distributes nitrogen fertilizer, and other nitrogen products. The Company’s nitrogen fertilizer products are ammonia, granular urea, urea ammonium nitrate solution (UAN) and ammonium nitrate (AN). Its other nitrogen products include diesel exhaust fluid (DEF), urea liquor, nitric acid and aqua ammonia, which are sold primarily to the Company’s industrial customers, and compound fertilizer products (nitrogen, phosphorus and potassium or NPKs).

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