CF Industries (NYSE:CF) Announces Quarterly Earnings Results

CF Industries (NYSE:CF) announced its quarterly earnings data on Wednesday. The basic materials company reported $4.73 EPS for the quarter, missing the consensus estimate of $5.63 by ($0.90), FiscalAI reports. The company had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.45 billion. CF Industries had a net margin of 23.73% and a return on equity of 20.93%. The firm’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter last year, the business earned $2.37 EPS.

CF Industries Stock Performance

CF stock traded down $2.23 on Wednesday, reaching $115.88. The company’s stock had a trading volume of 2,681,600 shares, compared to its average volume of 2,227,945. CF Industries has a 52 week low of $75.42 and a 52 week high of $141.96. The company has a market capitalization of $17.80 billion, a P/E ratio of 10.41 and a beta of 0.39. The firm has a fifty day moving average of $114.16 and a two-hundred day moving average of $113.39. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.54 and a quick ratio of 3.15.

CF Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 14th will be issued a $0.60 dividend. This is a boost from CF Industries’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.1%. CF Industries’s dividend payout ratio is 17.97%.

Institutional Investors Weigh In On CF Industries

Several hedge funds and other institutional investors have recently bought and sold shares of CF. nVerses Capital LLC bought a new stake in shares of CF Industries in the 4th quarter worth approximately $219,000. Index Technologies Group LLC acquired a new stake in shares of CF Industries in the fourth quarter worth $217,000. Fieldview Capital Management LLC purchased a new position in CF Industries during the 4th quarter valued at about $208,000. Tocqueville Asset Management L.P. grew its position in CF Industries by 6.0% during the fourth quarter. Tocqueville Asset Management L.P. now owns 2,647 shares of the basic materials company’s stock valued at $205,000 after purchasing an additional 149 shares in the last quarter. Finally, Lido Advisors LLC acquired a new position in shares of CF Industries in the third quarter worth $204,000. 93.06% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on CF. BNP Paribas Exane decreased their price objective on CF Industries from $140.00 to $120.00 and set a “neutral” rating on the stock in a research note on Monday, June 15th. Freedom Capital raised shares of CF Industries from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 18th. The Goldman Sachs Group decreased their target price on CF Industries from $133.00 to $115.00 and set a “neutral” rating for the company in a research report on Tuesday, June 23rd. Wall Street Zen cut shares of CF Industries from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. Finally, UBS Group cut their price target on CF Industries from $140.00 to $130.00 in a research note on Friday, May 8th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $116.69.

CF Industries Company Profile

CF Industries Holdings, Inc is a leading global manufacturer of hydrogen and nitrogen products for agricultural and industrial customers. The company specializes in the production of ammonia, granular urea, urea ammonium nitrate (UAN), nitric acid and ammonium nitrate, which serve as key inputs for fertilizer blends, industrial chemicals and other downstream applications.

Headquartered in Deerfield, Illinois, CF Industries operates production facilities and distribution terminals across North America and the United Kingdom.