Equities analysts expect CF Industries Holdings, Inc. (NYSE:CF) to announce sales of $1.17 billion for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for CF Industries’ earnings, with the lowest sales estimate coming in at $1.15 billion and the highest estimate coming in at $1.20 billion. CF Industries reported sales of $1.12 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 4.5%. The business is expected to report its next earnings report on Wednesday, August 1st.
According to Zacks, analysts expect that CF Industries will report full-year sales of $4.23 billion for the current fiscal year, with estimates ranging from $4.16 billion to $4.28 billion. For the next fiscal year, analysts expect that the company will post sales of $4.52 billion per share, with estimates ranging from $4.25 billion to $4.73 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover CF Industries.
CF Industries (NYSE:CF) last released its quarterly earnings results on Wednesday, May 2nd. The basic materials company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.10. The business had revenue of $957.00 million for the quarter, compared to the consensus estimate of $1.05 billion. CF Industries had a net margin of 10.96% and a negative return on equity of 0.11%. The business’s revenue was down 7.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.05 EPS.
Several research firms have commented on CF. TheStreet upgraded shares of CF Industries from a “c+” rating to a “b-” rating in a report on Friday, March 9th. ValuEngine upgraded shares of CF Industries from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Zacks Investment Research downgraded shares of CF Industries from a “buy” rating to a “hold” rating in a research report on Thursday, May 10th. Berenberg Bank initiated coverage on shares of CF Industries in a research report on Thursday, March 29th. They set a “hold” rating and a $38.00 price objective for the company. Finally, Stifel Nicolaus upped their price objective on shares of CF Industries from $37.00 to $43.00 and gave the stock a “hold” rating in a research report on Tuesday, May 15th. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $39.71.
Shares of CF Industries opened at $43.05 on Friday, MarketBeat Ratings reports. The company has a quick ratio of 2.01, a current ratio of 2.65 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $10.33 billion, a P/E ratio of -172.20, a price-to-earnings-growth ratio of 7.89 and a beta of 1.06. CF Industries has a fifty-two week low of $27.27 and a fifty-two week high of $46.20.
In other CF Industries news, VP Adam L. Hall sold 15,540 shares of CF Industries stock in a transaction dated Monday, May 14th. The stock was sold at an average price of $40.53, for a total transaction of $629,836.20. Following the transaction, the vice president now owns 39,566 shares of the company’s stock, valued at approximately $1,603,609.98. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.00% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. LPL Financial LLC lifted its holdings in CF Industries by 18.0% in the 1st quarter. LPL Financial LLC now owns 11,570 shares of the basic materials company’s stock worth $437,000 after purchasing an additional 1,761 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of CF Industries by 9.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 20,279 shares of the basic materials company’s stock valued at $765,000 after purchasing an additional 1,821 shares during the period. Bronfman E.L. Rothschild L.P. grew its position in CF Industries by 256.6% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 3,188 shares of the basic materials company’s stock valued at $120,000 after acquiring an additional 2,294 shares during the period. Gulf International Bank UK Ltd grew its position in CF Industries by 3.2% in the first quarter. Gulf International Bank UK Ltd now owns 75,245 shares of the basic materials company’s stock valued at $2,838,000 after acquiring an additional 2,300 shares during the period. Finally, California State Teachers Retirement System grew its position in CF Industries by 0.7% in the fourth quarter. California State Teachers Retirement System now owns 407,372 shares of the basic materials company’s stock valued at $17,330,000 after acquiring an additional 2,681 shares during the period. Hedge funds and other institutional investors own 99.67% of the company’s stock.
About CF Industries
CF Industries Holdings, Inc manufactures and distributes nitrogen fertilizers and other nitrogen products worldwide. The company operates through Ammonia, Granular Urea, UAN, AN, and Other segments. Its principal nitrogen fertilizer products include ammonia, granular urea, urea ammonium nitrate, and ammonium nitrate.
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