Zacks: Analysts Expect CVR Energy, Inc. (NYSE:CVI) to Announce -$0.10 EPS

Wall Street analysts expect that CVR Energy, Inc. (NYSE:CVIGet Rating) will announce earnings per share (EPS) of ($0.10) for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for CVR Energy’s earnings. CVR Energy reported earnings per share of ($1.33) during the same quarter last year, which suggests a positive year-over-year growth rate of 92.5%. The business is expected to report its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that CVR Energy will report full-year earnings of $1.15 per share for the current year, with EPS estimates ranging from $1.10 to $1.20. For the next fiscal year, analysts forecast that the company will report earnings of $1.05 per share, with EPS estimates ranging from $0.95 to $1.15. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that cover CVR Energy.

CVR Energy (NYSE:CVIGet Rating) last issued its quarterly earnings data on Tuesday, February 22nd. The oil and gas company reported ($0.20) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.25). The business had revenue of $2.11 billion for the quarter, compared to analyst estimates of $1.79 billion. CVR Energy had a negative return on equity of 24.83% and a net margin of 0.35%. During the same quarter in the prior year, the firm posted ($1.18) earnings per share.

Several equities research analysts recently commented on the company. Zacks Investment Research cut CVR Energy from a “buy” rating to a “hold” rating in a report on Tuesday, April 12th. Scotiabank raised CVR Energy from a “sector underperform” rating to a “sector perform” rating and boosted their target price for the stock from $12.00 to $20.00 in a report on Thursday, January 13th. StockNews.com assumed coverage on CVR Energy in a report on Thursday, March 31st. They set a “hold” rating on the stock. Credit Suisse Group boosted their target price on CVR Energy from $21.00 to $26.00 and gave the stock a “neutral” rating in a report on Monday, March 14th. Finally, Wolfe Research raised CVR Energy from a “peer perform” rating to an “outperform” rating and set a $25.00 target price on the stock in a report on Friday, January 7th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $20.67.

Shares of NYSE CVI traded up $2.11 during midday trading on Monday, hitting $28.62. 746,143 shares of the company’s stock were exchanged, compared to its average volume of 760,865. The company has a debt-to-equity ratio of 2.15, a quick ratio of 0.77 and a current ratio of 1.18. The business’s 50 day moving average is $22.40. The stock has a market cap of $2.88 billion, a price-to-earnings ratio of 119.25 and a beta of 1.79. CVR Energy has a twelve month low of $11.22 and a twelve month high of $28.65.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Millennium Management LLC increased its holdings in shares of CVR Energy by 18.4% in the third quarter. Millennium Management LLC now owns 1,121,383 shares of the oil and gas company’s stock valued at $18,682,000 after buying an additional 174,477 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of CVR Energy by 17.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 697,373 shares of the oil and gas company’s stock valued at $11,723,000 after buying an additional 103,591 shares in the last quarter. Renaissance Technologies LLC raised its stake in CVR Energy by 47.8% during the 4th quarter. Renaissance Technologies LLC now owns 614,884 shares of the oil and gas company’s stock valued at $10,336,000 after purchasing an additional 198,851 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of CVR Energy by 3.3% in the fourth quarter. JPMorgan Chase & Co. now owns 516,035 shares of the oil and gas company’s stock valued at $8,674,000 after purchasing an additional 16,260 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of CVR Energy by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 486,604 shares of the oil and gas company’s stock valued at $8,179,000 after purchasing an additional 11,518 shares in the last quarter. 91.49% of the stock is currently owned by institutional investors.

CVR Energy Company Profile (Get Rating)

CVR Energy, Inc, together with its subsidiaries, engages in the petroleum refining and nitrogen fertilizer manufacturing activities in the United States. It operates in two segments, Petroleum and Nitrogen Fertilizer. The Petroleum segment refines and markets gasoline, diesel fuel, and other refined products.

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