CF Industries Holdings, Inc. (NYSE:CF) Expected to Announce Earnings of -$0.01 Per Share
Wall Street analysts predict that CF Industries Holdings, Inc. (NYSE:CF) will report ($0.01) earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for CF Industries Holdings’ earnings, with the highest EPS estimate coming in at $0.12 and the lowest estimate coming in at ($0.16). CF Industries Holdings reported earnings per share of $0.33 in the same quarter last year, which suggests a negative year-over-year growth rate of 103%. The company is expected to announce its next quarterly earnings report on Wednesday, August 2nd.
According to Zacks, analysts expect that CF Industries Holdings will report full-year earnings of ($0.43) per share for the current year, with EPS estimates ranging from ($1.00) to ($0.05). For the next financial year, analysts expect that the company will post earnings of $0.31 per share, with EPS estimates ranging from ($0.75) to $1.00. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for CF Industries Holdings.
CF Industries Holdings (NYSE:CF) last announced its quarterly earnings data on Wednesday, May 3rd. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by $0.04. CF Industries Holdings had a negative net margin of 8.77% and a positive return on equity of 0.41%. The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $988.56 million. During the same period in the prior year, the company posted $0.40 EPS. The firm’s revenue was up 3.3% on a year-over-year basis.
CF has been the subject of several recent analyst reports. UBS AG upgraded shares of CF Industries Holdings from a “neutral” rating to a “buy” rating and set a $33.00 price objective for the company in a research note on Friday, May 5th. Citigroup Inc. upgraded shares of CF Industries Holdings from a “neutral” rating to a “buy” rating in a research note on Monday, May 8th. BMO Capital Markets reiterated a “buy” rating and issued a $38.00 price objective on shares of CF Industries Holdings in a research note on Wednesday, April 5th. Goldman Sachs Group, Inc. (The) upgraded shares of CF Industries Holdings from a “neutral” rating to a “buy” rating and set a $36.00 price objective for the company in a research note on Monday, March 20th. Finally, Credit Suisse Group restated a “buy” rating and set a $31.00 target price on shares of CF Industries Holdings in a report on Friday, April 21st. Four investment analysts have rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $31.43.
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Shares of CF Industries Holdings (CF) traded down 0.07% during mid-day trading on Tuesday, reaching $29.49. 3,696,245 shares of the company traded hands. CF Industries Holdings has a 52 week low of $20.77 and a 52 week high of $37.17. The stock’s 50-day moving average is $27.41 and its 200-day moving average is $30.05. The company’s market capitalization is $6.88 billion.
Several large investors have recently modified their holdings of CF. BlackRock Inc. increased its stake in shares of CF Industries Holdings by 3,912.4% in the first quarter. BlackRock Inc. now owns 20,034,069 shares of the basic materials company’s stock worth $587,999,000 after buying an additional 19,534,765 shares during the period. KCG Holdings Inc. purchased a new stake in shares of CF Industries Holdings during the first quarter worth approximately $1,150,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of CF Industries Holdings by 34.5% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 5,512 shares of the basic materials company’s stock worth $162,000 after buying an additional 1,415 shares during the period. Knights of Columbus Asset Advisors LLC purchased a new stake in shares of CF Industries Holdings during the first quarter worth approximately $838,000. Finally, Raging Capital Management LLC purchased a new stake in shares of CF Industries Holdings during the first quarter worth approximately $8,115,000.
About CF Industries Holdings
CF Industries Holdings, Inc manufactures and distributes nitrogen fertilizer, and other nitrogen products. The Company’s nitrogen fertilizer products are ammonia, granular urea, urea ammonium nitrate solution (UAN) and ammonium nitrate (AN). Its other nitrogen products include diesel exhaust fluid (DEF), urea liquor, nitric acid and aqua ammonia, which are sold primarily to the Company’s industrial customers, and compound fertilizer products (nitrogen, phosphorus and potassium or NPKs).
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