Scotiabank Comments on CF Industries Holdings, Inc.’s Q2 2022 Earnings (NYSE:CF)

CF Industries Holdings, Inc. (NYSE:CFGet Rating) – Investment analysts at Scotiabank lowered their Q2 2022 earnings per share estimates for shares of CF Industries in a note issued to investors on Monday, July 18th. Scotiabank analyst B. Isaacson now forecasts that the basic materials company will earn $6.13 per share for the quarter, down from their previous forecast of $7.29. Scotiabank has a “Sector Perform” rating and a $118.00 price objective on the stock. The consensus estimate for CF Industries’ current full-year earnings is $19.11 per share. Scotiabank also issued estimates for CF Industries’ Q3 2022 earnings at $3.99 EPS, Q4 2022 earnings at $4.98 EPS, FY2022 earnings at $19.30 EPS, Q1 2023 earnings at $4.95 EPS, Q2 2023 earnings at $6.21 EPS, Q3 2023 earnings at $4.91 EPS, Q4 2023 earnings at $6.29 EPS and FY2023 earnings at $22.36 EPS.

CF Industries (NYSE:CFGet Rating) last announced its quarterly earnings data on Wednesday, May 4th. The basic materials company reported $4.21 EPS for the quarter, meeting the consensus estimate of $4.21. The company had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.62 billion. CF Industries had a return on equity of 35.04% and a net margin of 19.73%. CF Industries’s quarterly revenue was up 173.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.70 EPS.

A number of other research firms also recently issued reports on CF. UBS Group dropped their price target on CF Industries from $125.00 to $105.00 in a research report on Wednesday, July 13th. Royal Bank of Canada increased their price target on CF Industries from $100.00 to $110.00 and gave the company a “sector perform” rating in a research note on Thursday, July 14th. Consumer Edge cut CF Industries from an “overweight” rating to an “equal weight” rating in a research note on Thursday, April 14th. Citigroup cut CF Industries from a “buy” rating to a “neutral” rating and decreased their price target for the company from $123.00 to $99.00 in a research note on Friday, June 17th. Finally, Barclays assumed coverage on CF Industries in a report on Wednesday, June 1st. They issued an “equal weight” rating and a $103.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $95.16.

CF Industries Price Performance

CF opened at $85.59 on Wednesday. CF Industries has a 12-month low of $43.19 and a 12-month high of $113.49. The company has a current ratio of 1.72, a quick ratio of 1.50 and a debt-to-equity ratio of 0.44. The business’s fifty day simple moving average is $91.19 and its 200-day simple moving average is $88.49. The company has a market capitalization of $17.85 billion, a price-to-earnings ratio of 11.03, a PEG ratio of 0.73 and a beta of 1.06.

Institutional Trading of CF Industries

A number of institutional investors have recently bought and sold shares of the business. Cerity Partners LLC purchased a new stake in shares of CF Industries in the 1st quarter valued at about $342,000. IFM Investors Pty Ltd raised its stake in CF Industries by 30.6% during the 1st quarter. IFM Investors Pty Ltd now owns 35,063 shares of the basic materials company’s stock valued at $3,614,000 after acquiring an additional 8,218 shares during the last quarter. Xponance Inc. increased its position in CF Industries by 3.4% during the 1st quarter. Xponance Inc. now owns 13,901 shares of the basic materials company’s stock worth $1,433,000 after purchasing an additional 453 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in CF Industries by 10.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 64,579 shares of the basic materials company’s stock worth $4,571,000 after purchasing an additional 5,939 shares during the period. Finally, Symmetry Partners LLC acquired a new position in CF Industries during the 1st quarter worth approximately $371,000. 93.00% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, VP Richard A. Hoker sold 6,684 shares of CF Industries stock in a transaction on Monday, June 6th. The stock was sold at an average price of $94.90, for a total value of $634,311.60. Following the completion of the sale, the vice president now directly owns 45,243 shares of the company’s stock, valued at $4,293,560.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.42% of the company’s stock.

CF Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 31st. Stockholders of record on Monday, August 15th will be paid a $0.40 dividend. The ex-dividend date is Friday, August 12th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.87%. CF Industries’s payout ratio is presently 20.62%.

About CF Industries

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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 and Estimates for CF Industries (NYSE:CF)

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