$2.32 Billion in Sales Expected for CF Industries Holdings, Inc. (NYSE:CF) This Quarter

Equities research analysts expect CF Industries Holdings, Inc. (NYSE:CF) to post sales of $2.32 billion for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for CF Industries’ earnings, with the lowest sales estimate coming in at $2.11 billion and the highest estimate coming in at $2.68 billion. CF Industries posted sales of $1.10 billion during the same quarter last year, which would indicate a positive year over year growth rate of 110.9%. The business is scheduled to report its next earnings report on Wednesday, February 16th.

According to Zacks, analysts expect that CF Industries will report full year sales of $6.23 billion for the current year, with estimates ranging from $5.97 billion to $6.68 billion. For the next year, analysts expect that the business will post sales of $8.43 billion, with estimates ranging from $7.24 billion to $10.06 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow CF Industries.

CF Industries (NYSE:CF) last announced its quarterly earnings data on Wednesday, November 3rd. The basic materials company reported $0.96 EPS for the quarter, missing the Zacks’ consensus estimate of $0.97 by ($0.01). CF Industries had a return on equity of 12.08% and a net margin of 5.86%. The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.43 billion.

A number of brokerages recently weighed in on CF. BMO Capital Markets raised their price objective on CF Industries from $63.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, November 5th. Royal Bank of Canada raised their price objective on CF Industries from $65.00 to $70.00 and gave the company a “sector perform” rating in a research note on Friday, November 5th. Berenberg Bank raised CF Industries from a “hold” rating to a “buy” rating and raised their price objective for the company from $54.00 to $60.00 in a research note on Tuesday, August 17th. Zacks Investment Research raised CF Industries from a “hold” rating to a “strong-buy” rating and set a $73.00 price objective on the stock in a research note on Wednesday, November 10th. Finally, Mizuho assumed coverage on CF Industries in a research note on Tuesday, October 12th. They issued a “neutral” rating and a $65.00 price objective on the stock. Five research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, CF Industries currently has an average rating of “Buy” and a consensus target price of $60.96.

Shares of CF traded down $0.10 during midday trading on Friday, reaching $65.14. 1,138,843 shares of the stock were exchanged, compared to its average volume of 2,369,031. CF Industries has a 12-month low of $36.21 and a 12-month high of $68.09. The firm has a 50 day simple moving average of $59.35 and a 200-day simple moving average of $52.91. The company has a quick ratio of 1.38, a current ratio of 1.79 and a debt-to-equity ratio of 0.62. The company has a market cap of $13.97 billion, a price-to-earnings ratio of 47.20, a P/E/G ratio of 2.09 and a beta of 1.07.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 30th. Stockholders of record on Monday, November 15th will be given a dividend of $0.30 per share. The ex-dividend date is Friday, November 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.84%. CF Industries’s payout ratio is currently 86.96%.

In other CF Industries news, Director Stephen A. Furbacher sold 2,000 shares of the business’s stock in a transaction dated Friday, November 19th. The stock was sold at an average price of $65.98, for a total value of $131,960.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Richard A. Hoker sold 71,545 shares of the company’s stock in a transaction dated Thursday, November 18th. The stock was sold at an average price of $67.57, for a total value of $4,834,295.65. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 233,422 shares of company stock valued at $14,650,950. 2.00% of the stock is currently owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the business. Total Clarity Wealth Management Inc. bought a new position in shares of CF Industries during the third quarter worth approximately $28,000. Bbva USA bought a new position in shares of CF Industries during the second quarter worth approximately $34,000. Key Financial Inc bought a new position in shares of CF Industries during the second quarter worth approximately $37,000. Eagle Bay Advisors LLC bought a new position in shares of CF Industries during the second quarter worth approximately $39,000. Finally, Koshinski Asset Management Inc. bought a new position in shares of CF Industries during the third quarter worth approximately $39,000. Hedge funds and other institutional investors own 91.39% of the company’s stock.

CF Industries Company Profile

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.

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