CF Industries Holdings, Inc. (CF) Posts Quarterly Earnings Results, Misses Estimates By $0.33 EPS
CF Industries Holdings, Inc. (NYSE:CF) issued its quarterly earnings data on Wednesday. The company reported ($0.39) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by $0.33. The company had revenue of $867 million for the quarter, compared to analyst estimates of $902.14 million. CF Industries Holdings had a return on equity of 5.94% and a net margin of 1.77%. During the same quarter last year, the business earned $0.76 earnings per share.
CF Industries Holdings (NYSE:CF) opened at 33.52 on Friday. The firm has a market capitalization of $7.81 billion, a P/E ratio of 111.73 and a beta of 1.29. CF Industries Holdings has a 12 month low of $20.77 and a 12 month high of $37.72. The firm’s 50-day moving average is $34.51 and its 200 day moving average is $27.69.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 28th. Shareholders of record on Friday, February 17th will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, February 15th. This represents a $1.20 annualized dividend and a yield of 3.58%. CF Industries Holdings’s dividend payout ratio is currently 413.79%.
Several equities research analysts have issued reports on the stock. Vetr upgraded shares of CF Industries Holdings from a “hold” rating to a “buy” rating and set a $37.84 price objective for the company in a research report on Monday, January 30th. BMO Capital Markets reiterated a “buy” rating on shares of CF Industries Holdings in a research report on Tuesday, January 3rd. Cowen and Company upgraded shares of CF Industries Holdings from an “underperform” rating to a “market perform” rating and set a $31.00 price target for the company in a research report on Tuesday, January 24th. Zacks Investment Research downgraded shares of CF Industries Holdings from a “buy” rating to a “hold” rating in a research report on Thursday, January 26th. Finally, RBC Capital Markets reiterated a “sell” rating and issued a $23.00 price target on shares of CF Industries Holdings in a research report on Thursday, January 12th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $30.94.
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A number of large investors have recently modified their holdings of CF. FTB Advisors Inc. increased its position in CF Industries Holdings by 6.6% in the second quarter. FTB Advisors Inc. now owns 88,715 shares of the company’s stock worth $2,138,000 after buying an additional 5,459 shares in the last quarter. Pillar Pacific Capital Management LLC increased its position in CF Industries Holdings by 7.1% in the second quarter. Pillar Pacific Capital Management LLC now owns 117,481 shares of the company’s stock worth $2,832,000 after buying an additional 7,775 shares in the last quarter. Commerzbank Aktiengesellschaft FI increased its position in CF Industries Holdings by 205.3% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 314,511 shares of the company’s stock worth $7,580,000 after buying an additional 211,508 shares in the last quarter. Quantbot Technologies LP bought a new position in CF Industries Holdings during the second quarter worth $2,041,000. Finally, Hanlon Investment Management Inc. bought a new position in CF Industries Holdings during the second quarter worth $4,006,000. 99.75% of the stock is owned by institutional investors and hedge funds.
About CF Industries Holdings
CF Industries Holdings, Inc is the manufacturer and distributor of 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 its industrial customers, and compound fertilizer products (NPKs).
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