Wall Street analysts forecast that CF Industries (NYSE:CF) will announce earnings per share of $0.24 for the current quarter, Zacks reports. Two analysts have made estimates for CF Industries’ earnings, with the highest EPS estimate coming in at $0.30 and the lowest estimate coming in at $0.13. CF Industries reported earnings of $0.05 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 380%. The firm is scheduled to issue its next earnings results on Wednesday, May 2nd.
On average, analysts expect that CF Industries will report full-year earnings of $0.91 per share for the current financial year, with EPS estimates ranging from $0.62 to $1.27. For the next fiscal year, analysts forecast that the firm will report earnings of $1.56 per share, with EPS estimates ranging from $0.93 to $2.22. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover CF Industries.
CF Industries (NYSE:CF) last posted its quarterly earnings data on Wednesday, February 14th. The basic materials company reported ($0.02) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.06. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $988.91 million. CF Industries had a negative return on equity of 0.92% and a net margin of 8.67%. The firm’s revenue was up 26.8% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.39) EPS.
Several research firms have commented on CF. Citigroup reduced their price objective on CF Industries from $45.00 to $40.00 and set a “neutral” rating for the company in a research note on Tuesday, April 10th. ValuEngine raised CF Industries from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Berenberg Bank assumed coverage on CF Industries in a research note on Thursday, March 29th. They set a “hold” rating and a $38.00 target price for the company. TheStreet raised CF Industries from a “c+” rating to a “b-” rating in a research note on Friday, March 9th. Finally, Bank of America downgraded CF Industries from a “buy” rating to an “underperform” rating and set a $40.00 target price for the company. in a research note on Thursday, March 8th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company’s stock. CF Industries currently has a consensus rating of “Hold” and a consensus target price of $38.83.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CF. New York State Common Retirement Fund increased its stake in CF Industries by 3.2% in the 3rd quarter. New York State Common Retirement Fund now owns 494,300 shares of the basic materials company’s stock valued at $17,380,000 after purchasing an additional 15,100 shares in the last quarter. Russell Investments Group Ltd. increased its stake in CF Industries by 51.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 56,354 shares of the basic materials company’s stock valued at $1,981,000 after purchasing an additional 19,195 shares in the last quarter. JPMorgan Chase & Co. increased its stake in CF Industries by 23.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 167,930 shares of the basic materials company’s stock valued at $5,851,000 after purchasing an additional 32,040 shares in the last quarter. Schroder Investment Management Group purchased a new position in CF Industries in the 3rd quarter valued at approximately $4,863,000. Finally, Stifel Financial Corp purchased a new position in CF Industries in the 3rd quarter valued at approximately $3,448,000.
CF traded up $0.23 on Friday, hitting $38.43. 1,955,732 shares of the company traded hands, compared to its average volume of 2,874,186. The company has a quick ratio of 2.05, a current ratio of 2.53 and a debt-to-equity ratio of 0.70. The company has a market cap of $8,911.75, a PE ratio of -153.72, a P/E/G ratio of 7.03 and a beta of 1.10. CF Industries has a 12-month low of $25.04 and a 12-month high of $45.00.
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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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