Equities research analysts expect that CF Industries Holdings, Inc. (NYSE:CF – Get Rating) will announce $3.65 billion in sales for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for CF Industries’ earnings, with the highest sales estimate coming in at $3.75 billion and the lowest estimate coming in at $3.42 billion. CF Industries posted sales of $1.59 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 129.6%. The company is scheduled to issue its next earnings results on Monday, January 1st.
On average, analysts expect that CF Industries will report full-year sales of $11.92 billion for the current year, with estimates ranging from $11.29 billion to $12.52 billion. For the next year, analysts anticipate that the business will post sales of $9.88 billion, with estimates ranging from $8.25 billion to $11.01 billion. Zacks’ sales averages are an average based on a survey of research firms that cover CF Industries.
CF Industries (NYSE:CF – Get Rating) last issued its earnings results on Wednesday, May 4th. The basic materials company reported $4.21 earnings per share for the quarter, hitting the consensus estimate of $4.21. The company had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.62 billion. CF Industries had a net margin of 19.73% and a return on equity of 35.04%. The firm’s revenue for the quarter was up 173.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.70 earnings per share.
In other CF Industries news, VP Richard A. Hoker sold 4,085 shares of the firm’s stock in a transaction on Monday, March 14th. The stock was sold at an average price of $93.93, for a total transaction of $383,704.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Ashraf K. Malik sold 5,033 shares of CF Industries stock in a transaction on Friday, March 11th. The stock was sold at an average price of $97.32, for a total value of $489,811.56. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,333,463 shares of company stock valued at $107,631,042. 0.42% of the stock is owned by company insiders.
Large investors have recently bought and sold shares of the business. Norges Bank bought a new position in shares of CF Industries during the fourth quarter valued at about $189,152,000. William Blair Investment Management LLC purchased a new position in shares of CF Industries in the first quarter worth about $232,613,000. Soroban Capital Partners LP purchased a new position in CF Industries during the fourth quarter valued at approximately $154,078,000. Standard Investments LLC purchased a new position in CF Industries during the fourth quarter valued at approximately $122,096,000. Finally, Third Point LLC purchased a new position in CF Industries during the third quarter valued at approximately $55,820,000. Institutional investors and hedge funds own 93.00% of the company’s stock.
Shares of CF opened at $95.79 on Monday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.50 and a current ratio of 1.72. The company has a market capitalization of $19.98 billion, a price-to-earnings ratio of 12.34, a PEG ratio of 0.88 and a beta of 1.02. The company’s 50 day simple moving average is $101.09 and its 200 day simple moving average is $81.21. CF Industries has a 1 year low of $43.19 and a 1 year high of $113.49.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 31st. Investors of record on Monday, May 16th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.67%. This is an increase from CF Industries’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Friday, May 13th. CF Industries’s dividend payout ratio (DPR) is currently 20.62%.
About CF Industries (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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