Q2 2024 EPS Estimates for CF Industries Holdings, Inc. (NYSE:CF) Increased by Analyst

CF Industries Holdings, Inc. (NYSE:CF) – Stock analysts at Zacks Research upped their Q2 2024 earnings per share (EPS) estimates for CF Industries in a research report issued on Wednesday, April 17th. Zacks Research analyst M. Agrawal now expects that the basic materials company will post earnings of $2.07 per share for the quarter, up from their previous estimate of $1.93. The consensus estimate for CF Industries’ current full-year earnings is $5.85 per share. Zacks Research also issued estimates for CF Industries’ Q3 2024 earnings at $0.74 EPS, FY2024 earnings at $5.47 EPS, Q2 2025 earnings at $2.16 EPS, Q3 2025 earnings at $0.67 EPS, Q4 2025 earnings at $1.53 EPS, FY2025 earnings at $5.26 EPS and FY2026 earnings at $7.13 EPS.

Other equities analysts have also recently issued reports about the company. Wolfe Research began coverage on CF Industries in a report on Friday, March 1st. They issued an “outperform” rating and a $99.00 price objective for the company. Bank of America reaffirmed a “neutral” rating and issued a $88.00 target price (down previously from $96.00) on shares of CF Industries in a research note on Wednesday, April 10th. Barclays raised shares of CF Industries from an “underweight” rating to an “equal weight” rating and set a $85.00 price target on the stock in a research note on Friday, January 12th. Royal Bank of Canada restated an “outperform” rating and set a $95.00 price target on shares of CF Industries in a research report on Friday, February 16th. Finally, Wells Fargo & Company cut their target price on shares of CF Industries from $98.00 to $97.00 and set an “overweight” rating on the stock in a report on Friday, February 16th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $87.94.

CF Industries Stock Up 2.3 %

Shares of NYSE:CF opened at $79.59 on Thursday. The firm has a fifty day moving average of $81.40 and a 200 day moving average of $79.77. CF Industries has a 52-week low of $60.08 and a 52-week high of $87.90. The company has a debt-to-equity ratio of 0.35, a quick ratio of 3.44 and a current ratio of 3.81. The firm has a market capitalization of $14.94 billion, a PE ratio of 10.15, a price-to-earnings-growth ratio of 2.22 and a beta of 1.03.

CF Industries (NYSE:CF) last released its quarterly earnings results on Thursday, February 15th. The basic materials company reported $1.44 EPS for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.12). The company had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.51 billion. CF Industries had a return on equity of 18.44% and a net margin of 23.00%. CF Industries’s quarterly revenue was down 39.8% on a year-over-year basis. During the same period in the prior year, the firm earned $4.35 EPS.

Hedge Funds Weigh In On CF Industries

Several hedge funds and other institutional investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its stake in shares of CF Industries by 137.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 580,518 shares of the basic materials company’s stock worth $48,305,000 after buying an additional 335,624 shares during the period. River Street Advisors LLC lifted its stake in shares of CF Industries by 6.8% during the 1st quarter. River Street Advisors LLC now owns 4,226 shares of the basic materials company’s stock worth $352,000 after acquiring an additional 268 shares during the last quarter. Guidance Capital Inc. purchased a new stake in shares of CF Industries in the first quarter valued at approximately $863,000. Hennion & Walsh Asset Management Inc. purchased a new stake in shares of CF Industries in the 1st quarter worth approximately $205,000. Finally, Independence Bank of Kentucky grew its stake in CF Industries by 12.3% in the first quarter. Independence Bank of Kentucky now owns 5,954 shares of the basic materials company’s stock valued at $495,000 after purchasing an additional 654 shares during the last quarter. 93.06% of the stock is owned by institutional investors.

Insider Activity

In related news, EVP Bert A. Frost sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $85.00, for a total value of $510,000.00. Following the completion of the transaction, the executive vice president now directly owns 64,030 shares in the company, valued at approximately $5,442,550. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.42% of the company’s stock.

CF Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.51%. CF Industries’s payout ratio is 25.51%.

About CF Industries

CF Industries Holdings, Inc, together with its subsidiaries, engages in the manufacture and sale of hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities in North America, Europe, and internationally. It operates through Ammonia, Granular Urea, UAN, AN, and Other segments.