CF Industries (CF) Posts Earnings Results, Misses Estimates By $0.02 EPS

CF Industries (NYSE:CF) issued its quarterly earnings results on Wednesday. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.02), reports. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $993.94 million. CF Industries had a return on equity of 1.82% and a net margin of 13.94%. The business’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same period in the previous year, the company posted ($0.39) earnings per share.

NYSE:CF traded up $3.02 during mid-day trading on Thursday, hitting $51.05. The company’s stock had a trading volume of 9,045,700 shares, compared to its average volume of 2,933,483. CF Industries has a 1 year low of $33.50 and a 1 year high of $56.51. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.26 and a current ratio of 2.80. The firm has a market cap of $10.80 billion, a price-to-earnings ratio of -204.20, a PEG ratio of 5.06 and a beta of 0.99.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Thursday, November 15th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date of this dividend is Wednesday, November 14th. CF Industries’s dividend payout ratio (DPR) is presently -480.00%.

A number of equities analysts have recently issued reports on CF shares. Cowen upped their price target on CF Industries from $60.00 to $68.00 and gave the stock an “outperform” rating in a research report on Thursday, October 4th. Zacks Investment Research raised CF Industries from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research report on Thursday, September 6th. Stephens set a $55.00 price target on CF Industries and gave the stock a “hold” rating in a research report on Monday, October 1st. Royal Bank of Canada raised shares of CF Industries from an “underperform” rating to a “sector perform” rating and boosted their price objective for the company from $38.00 to $42.00 in a report on Wednesday, July 18th. Finally, Morgan Stanley boosted their price objective on shares of CF Industries from $37.00 to $60.00 and gave the company a “hold” rating in a report on Wednesday, October 10th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $50.78.

In other CF Industries news, VP Adam L. Hall sold 20,256 shares of the company’s stock in a transaction on Wednesday, August 8th. The shares were sold at an average price of $48.59, for a total value of $984,239.04. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Stephen A. Furbacher sold 2,000 shares of the company’s stock in a transaction on Monday, August 6th. The shares were sold at an average price of $49.52, for a total transaction of $99,040.00. Following the completion of the sale, the director now directly owns 54,690 shares in the company, valued at $2,708,248.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 40,131 shares of company stock worth $1,976,560. 1.00% of the stock is owned by corporate insiders.

CF Industries announced that its Board of Directors has authorized a share repurchase plan on Wednesday, August 1st that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the basic materials company to purchase up to 4.8% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

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, and Other segments. Its principal nitrogen fertilizer products include ammonia, granular urea, urea ammonium nitrate, and ammonium nitrate.

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Earnings History for CF Industries (NYSE:CF)

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