Brokerages expect CF Industries (NYSE:CF) to report $1.06 billion in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for CF Industries’ earnings. The highest sales estimate is $1.07 billion and the lowest is $1.06 billion. CF Industries posted sales of $1.04 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 1.9%. The company is scheduled to announce its next quarterly earnings results on Wednesday, May 2nd.
According to Zacks, analysts expect that CF Industries will report full-year sales of $1.06 billion for the current fiscal year, with estimates ranging from $4.15 billion to $4.45 billion. For the next fiscal year, analysts forecast that the company will post sales of $4.46 billion per share, with estimates ranging from $4.20 billion to $4.69 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover CF Industries.
CF Industries (NYSE:CF) last issued its quarterly earnings results on Wednesday, February 14th. The basic materials company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.06. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $988.91 million. CF Industries had a negative return on equity of 0.92% and a net margin of 8.67%. The company’s quarterly revenue was up 26.8% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.39) earnings per share.
A number of analysts recently issued reports on CF shares. TheStreet raised CF Industries from a “c+” rating to a “b-” rating in a research report on Friday, March 9th. Zacks Investment Research raised CF Industries from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research report on Tuesday, January 2nd. ValuEngine raised CF Industries from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Stephens set a $43.00 target price on CF Industries and gave the company a “hold” rating in a research report on Thursday, February 22nd. Finally, Piper Jaffray set a $44.00 target price on CF Industries and gave the company a “hold” rating in a research report on Thursday, February 15th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $38.27.
NYSE:CF opened at $37.16 on Tuesday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.05 and a current ratio of 2.53. The stock has a market capitalization of $8,592.14, a P/E ratio of -148.64, a P/E/G ratio of 6.83 and a beta of 1.10. CF Industries has a 52-week low of $25.04 and a 52-week high of $45.00.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp increased its position in CF Industries by 8.7% during the fourth quarter. Bank of New York Mellon Corp now owns 6,079,530 shares of the basic materials company’s stock worth $258,623,000 after buying an additional 487,200 shares during the last quarter. Geode Capital Management LLC increased its position in CF Industries by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 2,638,040 shares of the basic materials company’s stock worth $112,002,000 after buying an additional 91,806 shares during the last quarter. Platinum Investment Management Ltd. acquired a new position in CF Industries during the fourth quarter worth approximately $69,077,000. Schwab Charles Investment Management Inc. increased its position in CF Industries by 7.1% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,310,274 shares of the basic materials company’s stock worth $55,740,000 after buying an additional 86,586 shares during the last quarter. Finally, Anchor Bolt Capital LP increased its position in CF Industries by 68.4% during the fourth quarter. Anchor Bolt Capital LP now owns 1,197,829 shares of the basic materials company’s stock worth $50,956,000 after buying an additional 486,606 shares during the last quarter.
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CF Industries Company Profile
CF Industries Holdings, Inc manufactures and distributes nitrogen fertilizers and other nitrogen products worldwide. The company operates through Ammonia, Granular Urea, UAN, AN, Other, and Phosphate segments. Its principal nitrogen fertilizer products include ammonia, granular urea, urea ammonium nitrate, and ammonium nitrate.
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