FY2024 EPS Estimates for CF Industries Holdings, Inc. Boosted by Analyst (NYSE:CF)

CF Industries Holdings, Inc. (NYSE:CF) – Equities research analysts at Scotiabank lifted their FY2024 earnings per share estimates for CF Industries in a research note issued to investors on Monday, May 6th. Scotiabank analyst B. Isaacson now forecasts that the basic materials company will post earnings of $7.06 per share for the year, up from their previous estimate of $5.66. Scotiabank currently has a “Sector Perform” rating and a $80.00 target price on the stock. The consensus estimate for CF Industries’ current full-year earnings is $5.86 per share.

CF Industries (NYSE:CF) last released its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $1.03 earnings per share for the quarter, missing the consensus estimate of $1.47 by ($0.44). CF Industries had a net margin of 19.03% and a return on equity of 14.08%. The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the prior year, the firm earned $2.85 earnings per share. The company’s revenue for the quarter was down 26.9% compared to the same quarter last year.

Several other equities research analysts have also weighed in on CF. 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. Bank of America reaffirmed a “neutral” rating and issued a $88.00 price target (down previously from $96.00) on shares of CF Industries in a research report on Wednesday, April 10th. Barclays upgraded 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. Wolfe Research started coverage on shares of CF Industries in a research note on Friday, March 1st. They issued an “outperform” rating and a $99.00 price target on the stock. Finally, Berenberg Bank upped their price target on shares of CF Industries from $68.00 to $69.00 and gave the stock a “hold” rating in a research note on Wednesday, April 17th. 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 company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $85.00.

CF Industries Trading Down 2.3 %

NYSE CF opened at $73.24 on Wednesday. The company has a quick ratio of 3.55, a current ratio of 3.94 and a debt-to-equity ratio of 0.37. CF Industries has a twelve month low of $60.08 and a twelve month high of $87.90. The firm has a market capitalization of $13.39 billion, a PE ratio of 12.17, a P/E/G ratio of 2.11 and a beta of 1.02. The stock’s 50 day moving average is $81.11 and its 200 day moving average is $79.11.

Institutional Investors Weigh In On CF Industries

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Raymond James & Associates grew its holdings in CF Industries by 55.1% during the 3rd quarter. Raymond James & Associates now owns 106,412 shares of the basic materials company’s stock valued at $9,124,000 after buying an additional 37,789 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in CF Industries by 3.1% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 28,473 shares of the basic materials company’s stock valued at $2,441,000 after buying an additional 847 shares in the last quarter. Brown Advisory Inc. grew its holdings in CF Industries by 27.7% during the 3rd quarter. Brown Advisory Inc. now owns 6,474 shares of the basic materials company’s stock valued at $555,000 after buying an additional 1,403 shares in the last quarter. Mackenzie Financial Corp grew its holdings in CF Industries by 3.7% during the 3rd quarter. Mackenzie Financial Corp now owns 28,434 shares of the basic materials company’s stock valued at $2,340,000 after buying an additional 1,004 shares in the last quarter. Finally, Advisor Partners II LLC grew its holdings in CF Industries by 4.2% during the 3rd quarter. Advisor Partners II LLC now owns 7,453 shares of the basic materials company’s stock valued at $639,000 after buying an additional 302 shares in the last quarter. 93.06% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Bert A. Frost sold 6,000 shares of the 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 sale, the executive vice president now directly owns 64,030 shares of the company’s stock, valued at approximately $5,442,550. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.48% of the company’s stock.

CF Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.73%. The ex-dividend date of this dividend is Tuesday, May 14th. CF Industries’s payout ratio is currently 33.22%.

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.