CF Industries (CF) to Release Quarterly Earnings on Wednesday

CF Industries (NYSE:CFGet Rating) is scheduled to be announcing its earnings results after the market closes on Wednesday, May 4th. Analysts expect the company to announce earnings of $4.21 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

CF Industries (NYSE:CFGet Rating) last issued its quarterly earnings data on Tuesday, February 15th. The basic materials company reported $3.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.41 by $0.30. The firm had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.59 billion. CF Industries had a net margin of 14.03% and a return on equity of 24.09%. During the same quarter in the previous year, the company earned $0.40 earnings per share. On average, analysts expect CF Industries to post $17 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Shares of NYSE CF opened at $95.00 on Wednesday. The stock has a market cap of $19.87 billion, a P/E ratio of 22.35, a P/E/G ratio of 1.00 and a beta of 1.03. The firm has a 50 day moving average price of $95.85 and a 200 day moving average price of $76.16. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.53 and a current ratio of 1.81. CF Industries has a 52-week low of $43.19 and a 52-week high of $113.49.

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 28th. Investors of record on Tuesday, February 15th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date was Monday, February 14th. CF Industries’s dividend payout ratio is currently 28.24%.

In other CF Industries news, CEO W Anthony Will sold 1,098,645 shares of the company’s stock in a transaction on Monday, February 28th. The shares were sold at an average price of $80.27, for a total transaction of $88,188,234.15. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Bert A. Frost sold 26,890 shares of the company’s stock in a transaction on Wednesday, February 2nd. The stock was sold at an average price of $75.00, for a total transaction of $2,016,750.00. The disclosure for this sale can be found here. Insiders have sold 1,360,353 shares of company stock worth $109,647,792 over the last ninety days. Insiders own 0.42% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of CF. Harbour Investments Inc. increased its holdings in shares of CF Industries by 685.7% in the fourth quarter. Harbour Investments Inc. now owns 550 shares of the basic materials company’s stock valued at $39,000 after purchasing an additional 480 shares during the last quarter. Tobam acquired a new position in shares of CF Industries in the fourth quarter valued at $43,000. Forum Financial Management LP acquired a new position in shares of CF Industries in the fourth quarter valued at $252,000. MML Investors Services LLC increased its holdings in shares of CF Industries by 6.1% in the fourth quarter. MML Investors Services LLC now owns 5,247 shares of the basic materials company’s stock valued at $371,000 after purchasing an additional 303 shares during the last quarter. Finally, Cetera Investment Advisers increased its holdings in shares of CF Industries by 48.4% in the fourth quarter. Cetera Investment Advisers now owns 5,640 shares of the basic materials company’s stock valued at $399,000 after purchasing an additional 1,839 shares during the last quarter. 91.66% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts recently issued reports on CF shares. Morgan Stanley lifted their price target on shares of CF Industries from $66.00 to $100.00 and gave the company an “equal weight” rating in a research note on Thursday, March 17th. Piper Sandler lifted their price target on shares of CF Industries from $88.00 to $120.00 and gave the company an “overweight” rating in a research note on Monday, March 7th. StockNews.com started coverage on shares of CF Industries in a research note on Thursday, March 31st. They issued a “buy” rating on the stock. Barclays lifted their price target on shares of CF Industries from $68.00 to $83.00 in a research note on Thursday, February 17th. Finally, Citigroup lifted their price target on shares of CF Industries from $86.00 to $121.00 and gave the company a “buy” rating in a research note on Tuesday, March 22nd. Nine research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $90.53.

CF Industries Company Profile (Get Rating)

CF Industries Holdings, Inc manufactures and sells hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities worldwide. Its principal products include anhydrous ammonia, granular urea, urea ammonium nitrate, and ammonium nitrate products. The company also offers diesel exhaust fluid, urea liquor, nitric acid, and aqua ammonia products; and compound fertilizer products with nitrogen, phosphorus, and potassium.

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Earnings History for CF Industries (NYSE:CF)

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