CF Industries Holdings, Inc. Forecasted to Post Q1 2023 Earnings of $2.52 Per Share (NYSE:CF)

CF Industries Holdings, Inc. (NYSE:CF – Get Rating) – Stock analysts at Zacks Research lifted their Q1 2023 earnings per share (EPS) estimates for shares of CF Industries in a research note issued on Tuesday, March 14th. Zacks Research analyst A. Barman now anticipates that the basic materials company will post earnings per share of $2.52 for the quarter, up from their prior forecast of $2.51. The consensus estimate for CF Industries’ current full-year earnings is $9.95 per share. Zacks Research also issued estimates for CF Industries’ FY2023 earnings at $8.66 EPS.

CF Industries (NYSE:CF – Get Rating) last released its earnings results on Thursday, February 16th. The basic materials company reported $4.35 earnings per share for the quarter, beating analysts’ consensus estimates of $4.13 by $0.22. The firm had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.80 billion. CF Industries had a net margin of 29.91% and a return on equity of 48.59%. The company’s revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.71 EPS.

A number of other equities analysts have also recently weighed in on CF. UBS Group decreased their price objective on CF Industries from $104.00 to $100.00 and set a “buy” rating on the stock in a report on Thursday, February 16th. Citigroup cut their price target on shares of CF Industries from $126.00 to $100.00 and set a “buy” rating on the stock in a report on Friday, January 20th. StockNews.com assumed coverage on shares of CF Industries in a report on Thursday. They issued a “hold” rating for the company. HSBC downgraded CF Industries from a “buy” rating to a “hold” rating and reduced their target price for the stock from $104.00 to $90.00 in a report on Tuesday, February 21st. Finally, Credit Suisse Group reaffirmed an “underperform” rating and issued a $75.00 price target on shares of CF Industries in a research note on Thursday, February 16th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $104.80.

CF Industries Price Performance

Shares of NYSE CF opened at $70.93 on Friday. The company has a quick ratio of 3.22, a current ratio of 3.69 and a debt-to-equity ratio of 0.38. The stock’s 50-day simple moving average is $83.81 and its two-hundred day simple moving average is $94.63. The firm has a market capitalization of $13.89 billion, a P/E ratio of 4.35, a P/E/G ratio of 1.22 and a beta of 1.05. CF Industries has a twelve month low of $70.69 and a twelve month high of $119.60.

CF Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 28th. Investors of record on Wednesday, February 15th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date was Tuesday, February 14th. CF Industries’s dividend payout ratio (DPR) is 9.80%.

Institutional Trading of CF Industries

Several institutional investors and hedge funds have recently added to or reduced their stakes in CF. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of CF Industries by 17.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 72,998 shares of the basic materials company’s stock worth $6,258,000 after acquiring an additional 10,910 shares in the last quarter. United Capital Financial Advisers LLC increased its stake in CF Industries by 18.1% during the third quarter. United Capital Financial Advisers LLC now owns 3,669 shares of the basic materials company’s stock worth $353,000 after acquiring an additional 563 shares during the last quarter. Pathstone Family Office LLC lifted its stake in shares of CF Industries by 4.9% in the 3rd quarter. Pathstone Family Office LLC now owns 7,307 shares of the basic materials company’s stock valued at $704,000 after purchasing an additional 338 shares during the last quarter. Balasa Dinverno & Foltz LLC increased its position in shares of CF Industries by 94.0% during the 3rd quarter. Balasa Dinverno & Foltz LLC now owns 9,988 shares of the basic materials company’s stock valued at $961,000 after purchasing an additional 4,839 shares during the last quarter. Finally, ExodusPoint Capital Management LP raised its holdings in CF Industries by 691.4% during the 3rd quarter. ExodusPoint Capital Management LP now owns 69,229 shares of the basic materials company’s stock valued at $6,663,000 after buying an additional 60,481 shares during the period. Institutional investors own 92.94% of the company’s stock.

About CF Industries

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CF Industries Holdings, Inc engages in the manufacture and distribution of nitrogen fertilizer. The firm owns and operates nitrogen plants and serves agricultural and industrial customers through its distribution system. It operates through following segments: Ammonia, Granular Urea, UAN, AN, and Other.