CF Industries Holdings, Inc. (CF) Expected to Announce Quarterly Sales of $780.20 Million
Equities analysts predict that CF Industries Holdings, Inc. (NYSE:CF) will post sales of $780.20 million for the current quarter, according to Zacks. Two analysts have made estimates for CF Industries Holdings’ earnings, with the highest sales estimate coming in at $829.40 million and the lowest estimate coming in at $730.99 million. CF Industries Holdings posted sales of $680.00 million in the same quarter last year, which suggests a positive year over year growth rate of 14.7%. The firm is expected to issue its next earnings report on Wednesday, November 1st.
On average, analysts expect that CF Industries Holdings will report full year sales of $780.20 million for the current financial year, with estimates ranging from $3.71 billion to $3.97 billion. For the next year, analysts anticipate that the firm will post sales of $4.03 billion per share, with estimates ranging from $3.89 billion to $4.22 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow CF Industries Holdings.
CF Industries Holdings (NYSE:CF) last announced its quarterly earnings results on Wednesday, August 2nd. The basic materials company reported $0.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.18. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.06 billion. CF Industries Holdings had a negative net margin of 9.98% and a negative return on equity of 0.40%. The firm’s revenue was down .9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.33 earnings per share.
A number of equities research analysts have recently weighed in on the company. Credit Suisse Group set a $30.00 price target on CF Industries Holdings and gave the company a “hold” rating in a report on Friday. Zacks Investment Research lowered CF Industries Holdings from a “hold” rating to a “strong sell” rating in a research report on Monday, May 22nd. Barclays PLC reiterated an “equal weight” rating and set a $32.00 price target (down previously from $34.00) on shares of CF Industries Holdings in a research report on Saturday, April 22nd. BidaskClub upgraded CF Industries Holdings from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 10th. Finally, Royal Bank Of Canada reduced their price target on CF Industries Holdings from $25.00 to $23.00 and set an “underperform” rating for the company in a research report on Friday, July 14th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $32.58.
Shares of CF Industries Holdings (CF) traded down 0.87% during trading on Friday, reaching $31.93. 4,183,970 shares of the company’s stock traded hands. The company has a 50 day moving average price of $28.62 and a 200 day moving average price of $29.74. CF Industries Holdings has a 1-year low of $21.05 and a 1-year high of $37.17. The stock’s market capitalization is $7.46 billion.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Tuesday, August 15th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.76%. The ex-dividend date of this dividend is Friday, August 11th. CF Industries Holdings’s payout ratio is -75.47%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. CENTRAL TRUST Co raised its position in CF Industries Holdings by 0.7% in the first quarter. CENTRAL TRUST Co now owns 3,667 shares of the basic materials company’s stock valued at $107,000 after buying an additional 24 shares during the last quarter. ARGI Investment Services LLC raised its position in CF Industries Holdings by 0.3% in the first quarter. ARGI Investment Services LLC now owns 31,321 shares of the basic materials company’s stock valued at $919,000 after buying an additional 100 shares during the last quarter. Pacer Advisors Inc. raised its position in CF Industries Holdings by 3.3% in the first quarter. Pacer Advisors Inc. now owns 4,293 shares of the basic materials company’s stock valued at $126,000 after buying an additional 137 shares during the last quarter. Contravisory Investment Management Inc. raised its position in CF Industries Holdings by 2.0% in the second quarter. Contravisory Investment Management Inc. now owns 7,803 shares of the basic materials company’s stock valued at $218,000 after buying an additional 153 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its position in CF Industries Holdings by 1.4% in the second quarter. Louisiana State Employees Retirement System now owns 14,500 shares of the basic materials company’s stock valued at $405,000 after buying an additional 200 shares during the last quarter.
CF Industries Holdings Company Profile
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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