$1.31 Billion in Sales Expected for CF Industries Holdings, Inc. (CF) This Quarter

Wall Street analysts expect CF Industries Holdings, Inc. (NYSE:CF) to report $1.31 billion in sales for the current quarter, Zacks reports. Two analysts have provided estimates for CF Industries’ earnings. The lowest sales estimate is $1.30 billion and the highest is $1.32 billion. CF Industries reported sales of $1.10 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 19.1%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, February 13th.

According to Zacks, analysts expect that CF Industries will report full year sales of $4.58 billion for the current financial year, with estimates ranging from $4.52 billion to $4.61 billion. For the next year, analysts anticipate that the business will post sales of $4.97 billion, with estimates ranging from $4.88 billion to $5.09 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow CF Industries.

CF Industries (NYSE:CF) last announced its earnings results on Wednesday, October 31st. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.02). CF Industries had a net margin of 16.06% and a return on equity of 3.69%. The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $993.94 million. During the same period in the prior year, the business posted ($0.39) EPS. The firm’s quarterly revenue was up 19.5% compared to the same quarter last year.

CF has been the subject of a number of analyst reports. Scotiabank set a $60.00 price target on CF Industries and gave the company a “buy” rating in a research note on Monday, October 1st. UBS Group raised their price target on CF Industries from $58.00 to $62.00 and gave the company a “buy” rating in a research note on Tuesday, October 2nd. Royal Bank of Canada set a $50.00 price target on CF Industries and gave the company a “hold” rating in a research note on Monday, October 1st. Bank of America upgraded CF Industries from an “underperform” rating to a “buy” rating and set a $55.00 price target for the company in a research note on Wednesday, October 31st. Finally, Citigroup upgraded CF Industries from a “neutral” rating to a “buy” rating and raised their price target for the company from $56.00 to $60.00 in a research note on Friday, November 2nd. Nine equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $51.52.

CF Industries stock traded down $0.53 during midday trading on Tuesday, reaching $41.03. The stock had a trading volume of 3,549,399 shares, compared to its average volume of 3,836,151. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.69 and a current ratio of 2.03. The firm has a market cap of $9.47 billion, a PE ratio of -164.12, a P/E/G ratio of 4.23 and a beta of 1.06. CF Industries has a 1-year low of $35.70 and a 1-year high of $56.51.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 30th. Stockholders of record on Thursday, November 15th were paid a dividend of $0.30 per share. The ex-dividend date was Wednesday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 2.92%. CF Industries’s dividend payout ratio is currently -480.00%.

In other news, Director Stephen A. Furbacher sold 3,500 shares of CF Industries stock in a transaction that occurred on Friday, November 9th. The stock was sold at an average price of $52.45, for a total transaction of $183,575.00. Following the completion of the transaction, the director now directly owns 50,190 shares in the company, valued at approximately $2,632,465.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.00% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of CF. Municipal Employees Retirement System of Michigan boosted its stake in CF Industries by 96.0% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 11,820 shares of the basic materials company’s stock valued at $525,000 after purchasing an additional 5,790 shares during the period. Cornerstone Wealth Management LLC bought a new stake in CF Industries in the 2nd quarter valued at $263,000. Janney Montgomery Scott LLC boosted its stake in CF Industries by 55.7% in the 2nd quarter. Janney Montgomery Scott LLC now owns 19,381 shares of the basic materials company’s stock valued at $861,000 after purchasing an additional 6,933 shares during the period. Piedmont Investment Advisors LLC bought a new stake in CF Industries in the 2nd quarter valued at $121,000. Finally, Dupont Capital Management Corp boosted its stake in CF Industries by 46.2% in the 2nd quarter. Dupont Capital Management Corp now owns 4,226 shares of the basic materials company’s stock valued at $188,000 after purchasing an additional 1,335 shares during the period. Institutional investors own 95.83% of the company’s stock.

About CF Industries

CF Industries Holdings, Inc manufactures and distributes nitrogen fertilizers and other nitrogen products worldwide. The company operates through Ammonia, Granular Urea, UAN, AN, and Other segments. Its principal nitrogen fertilizer products include ammonia, granular urea, urea ammonium nitrate, and ammonium nitrate.

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