CF Industries Holdings, Inc. (NYSE:CF) Expected to Earn Q2 2024 Earnings of $2.25 Per Share

CF Industries Holdings, Inc. (NYSE:CF) – Analysts at Scotiabank issued their Q2 2024 EPS estimates for shares of CF Industries in a research note issued to investors on Monday, May 6th. Scotiabank analyst B. Isaacson anticipates that the basic materials company will post earnings per share of $2.25 for the quarter. Scotiabank has a “Sector Perform” rating and a $80.00 price target on the stock. The consensus estimate for CF Industries’ current full-year earnings is $5.86 per share. Scotiabank also issued estimates for CF Industries’ FY2025 earnings at $6.57 EPS.

CF has been the subject of a number of other reports. Barclays upgraded shares of CF Industries from an “underweight” rating to an “equal weight” rating and set a $85.00 price objective for the company in a research note on Friday, January 12th. Wolfe Research started coverage on shares of CF Industries in a report on Friday, March 1st. They issued an “outperform” rating and a $99.00 price objective for the company. UBS Group cut CF Industries from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $95.00 to $83.00 in a research report on Wednesday, January 31st. BMO Capital Markets reduced their target price on CF Industries from $100.00 to $95.00 and set an “outperform” rating for the company in a report on Monday. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $95.00 price target on shares of CF Industries in a research note on Friday, February 16th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $85.00.

CF Industries Price Performance

CF opened at $73.24 on Tuesday. The firm has a market cap 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 has a 50-day moving average price of $81.11 and a 200-day moving average price of $79.11. CF Industries has a 1 year low of $60.08 and a 1 year high of $87.90. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.94 and a quick ratio of 3.55.

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

Institutional Investors Weigh In On CF Industries

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Westside Investment Management Inc. bought a new position in shares of CF Industries in the first quarter worth about $25,000. Turtle Creek Wealth Advisors LLC bought a new position in CF Industries in the 4th quarter worth approximately $29,000. ORG Partners LLC grew its holdings in CF Industries by 428.6% during the 3rd quarter. ORG Partners LLC now owns 370 shares of the basic materials company’s stock valued at $32,000 after buying an additional 300 shares in the last quarter. Bruce G. Allen Investments LLC bought a new stake in shares of CF Industries during the fourth quarter valued at approximately $32,000. Finally, Meeder Asset Management Inc. purchased a new position in shares of CF Industries in the fourth quarter worth $36,000. Institutional investors own 93.06% of the company’s stock.

Insider Buying and Selling at CF Industries

In related news, EVP Bert A. Frost sold 6,000 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $85.00, for a total value of $510,000.00. Following the transaction, the executive vice president now directly owns 64,030 shares of the company’s stock, valued at approximately $5,442,550. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.48% of the stock is owned by corporate insiders.

CF Industries Dividend Announcement

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