CVR Partners, LP (UAN) Expected to Post Earnings of -$0.10 Per Share
Equities research analysts expect CVR Partners, LP (NYSE:UAN) to report ($0.10) earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for CVR Partners,’s earnings. CVR Partners, posted earnings of ($0.12) per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 16.7%. The firm is scheduled to report its next earnings report before the market opens on Wednesday, November 1st.
On average, analysts expect that CVR Partners, will report full-year earnings of ($0.32) per share for the current financial year. For the next year, analysts expect that the business will report earnings of ($0.28) per share. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for CVR Partners,.
CVR Partners, (NYSE:UAN) last posted its quarterly earnings results on Thursday, July 27th. The basic materials company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.04). The company had revenue of $97.90 million during the quarter, compared to the consensus estimate of $117.15 million. CVR Partners, had a negative return on equity of 6.74% and a negative net margin of 12.03%. The company’s revenue for the quarter was down 18.3% compared to the same quarter last year. During the same period last year, the firm posted ($0.15) EPS.
A number of research analysts recently weighed in on UAN shares. Cowen and Company restated a “hold” rating and set a $5.00 price objective on shares of CVR Partners, in a research report on Tuesday, July 11th. Zacks Investment Research upgraded shares of CVR Partners, from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 18th. BidaskClub upgraded shares of CVR Partners, from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 25th. Finally, ValuEngine upgraded shares of CVR Partners, from a “strong sell” rating to a “sell” rating in a research report on Friday, September 1st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $5.50.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Global X Management Co. LLC raised its position in CVR Partners, by 10.7% in the first quarter. Global X Management Co. LLC now owns 39,475 shares of the basic materials company’s stock worth $184,000 after acquiring an additional 3,825 shares during the period. Virtu KCG Holdings LLC raised its position in CVR Partners, by 47.0% in the second quarter. Virtu KCG Holdings LLC now owns 47,458 shares of the basic materials company’s stock worth $166,000 after acquiring an additional 15,174 shares during the period. Citigroup Inc. bought a new position in CVR Partners, in the second quarter worth approximately $263,000. Wells Fargo & Company MN raised its position in CVR Partners, by 13.5% in the second quarter. Wells Fargo & Company MN now owns 97,099 shares of the basic materials company’s stock worth $339,000 after acquiring an additional 11,581 shares during the period. Finally, Leucadia National Corp bought a new position in CVR Partners, in the second quarter worth approximately $349,000. Institutional investors and hedge funds own 22.33% of the company’s stock.
CVR Partners, (NYSE UAN) traded down 4.95% during midday trading on Monday, hitting $3.07. 128,484 shares of the company were exchanged. The stock’s market capitalization is $347.78 million. CVR Partners, has a 1-year low of $2.58 and a 1-year high of $6.95. The stock has a 50 day moving average of $3.18 and a 200-day moving average of $3.72.
CVR Partners, Company Profile
CVR Partners, LP is a limited partnership formed by CVR Energy, Inc (CVR Energy) to own, operate and grow its nitrogen fertilizer business. The Company produces and distributes nitrogen fertilizer products, which are used by farmers to manage the yield and quality of their crops. As of December 31, 2016, the Company produced its nitrogen fertilizer products at two manufacturing facilities, located in Coffeyville, Kansas and East Dubuque, Illinois.
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