$1.04 Billion in Sales Expected for CF Industries Holdings, Inc. (CF) This Quarter
Brokerages predict that CF Industries Holdings, Inc. (NYSE:CF) will report sales of $1.04 billion for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for CF Industries’ earnings. The lowest sales estimate is $1.02 billion and the highest is $1.06 billion. CF Industries posted sales of $867.00 million in the same quarter last year, which suggests a positive year over year growth rate of 20%. The company is expected to issue its next quarterly earnings results on Wednesday, February 21st.
According to Zacks, analysts expect that CF Industries will report full year sales of $1.04 billion for the current fiscal year, with estimates ranging from $3.70 billion to $4.09 billion. For the next financial year, analysts anticipate that the business will post sales of $4.13 billion per share, with estimates ranging from $3.94 billion to $4.47 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow CF Industries.
CF Industries (NYSE:CF) last announced its quarterly earnings results on Wednesday, November 1st. The basic materials company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.04). CF Industries had a negative net margin of 10.95% and a negative return on equity of 2.29%. The business had revenue of $870.00 million for the quarter, compared to analysts’ expectations of $733.63 million. During the same quarter in the prior year, the firm earned $0.13 EPS. The firm’s revenue for the quarter was up 27.9% on a year-over-year basis.
CF has been the topic of a number of research analyst reports. Zacks Investment Research upgraded CF Industries from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a report on Wednesday, October 25th. UBS Group reaffirmed a “buy” rating and set a $40.00 price objective (up from $33.00) on shares of CF Industries in a research report on Wednesday, October 4th. Stephens began coverage on CF Industries in a research report on Monday, December 4th. They set an “equal weight” rating and a $38.00 price objective on the stock. began coverage on CF Industries in a research report on Wednesday, October 11th. They set a “hold” rating and a $36.30 price objective on the stock. Finally, Piper Jaffray Companies set a $28.00 price objective on CF Industries and gave the company a “hold” rating in a research report on Friday, October 6th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. CF Industries presently has a consensus rating of “Hold” and a consensus target price of $35.35.
Shares of CF Industries (NYSE:CF) traded down $0.20 during trading hours on Tuesday, reaching $43.52. The company had a trading volume of 2,260,500 shares, compared to its average volume of 2,418,456. CF Industries has a 52 week low of $25.04 and a 52 week high of $43.98. The stock has a market cap of $9,500.00, a P/E ratio of -23.78, a PEG ratio of 27.59 and a beta of 1.21. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.51 and a current ratio of 1.71.
In other news, VP Bert A. Frost sold 7,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $36.50, for a total value of $273,750.00. Following the sale, the vice president now directly owns 67,232 shares of the company’s stock, valued at approximately $2,453,968. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Stephen A. Furbacher sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $36.00, for a total value of $126,000.00. Following the completion of the sale, the director now directly owns 50,854 shares in the company, valued at $1,830,744. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of CF. American Century Companies Inc. bought a new stake in shares of CF Industries in the 2nd quarter worth approximately $282,000. Pacer Advisors Inc. boosted its position in shares of CF Industries by 8.3% in the 2nd quarter. Pacer Advisors Inc. now owns 4,648 shares of the basic materials company’s stock worth $130,000 after purchasing an additional 355 shares in the last quarter. Neuberger Berman Group LLC lifted its position in CF Industries by 17.9% in the 2nd quarter. Neuberger Berman Group LLC now owns 23,648 shares of the basic materials company’s stock valued at $661,000 after acquiring an additional 3,583 shares in the last quarter. Franklin Resources Inc. lifted its position in CF Industries by 16.3% in the 2nd quarter. Franklin Resources Inc. now owns 1,003,431 shares of the basic materials company’s stock valued at $28,056,000 after acquiring an additional 140,691 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in CF Industries by 28.2% in the 2nd quarter. Wells Fargo & Company MN now owns 1,473,188 shares of the basic materials company’s stock valued at $41,192,000 after acquiring an additional 324,152 shares in the last quarter.
CF Industries 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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