Q2 2024 EPS Estimates for CF Industries Holdings, Inc. (NYSE:CF) Raised by Analyst

CF Industries Holdings, Inc. (NYSE:CF) – Equities research analysts at Zacks Research increased their Q2 2024 EPS estimates for CF Industries in a research note issued to investors on Wednesday, April 17th. Zacks Research analyst M. Agrawal now anticipates that the basic materials company will post earnings per share of $2.07 for the quarter, up from their previous estimate of $1.93. The consensus estimate for CF Industries’ current full-year earnings is $5.86 per share. Zacks Research also issued estimates for CF Industries’ Q3 2024 earnings at $0.74 EPS, FY2024 earnings at $5.47 EPS, Q2 2025 earnings at $2.16 EPS, Q3 2025 earnings at $0.67 EPS, Q4 2025 earnings at $1.53 EPS, FY2025 earnings at $5.26 EPS and FY2026 earnings at $7.13 EPS.

Several other research analysts have also recently weighed in on the stock. Bank of America reiterated a “neutral” rating and set a $88.00 price target (down previously from $96.00) on shares of CF Industries in a research note on Wednesday, April 10th. UBS Group cut shares of CF Industries from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $95.00 to $83.00 in a research note on Wednesday, January 31st. Wells Fargo & Company dropped their price target on shares of CF Industries from $98.00 to $97.00 and set an “overweight” rating on the stock in a research note on Friday, February 16th. Wolfe Research began coverage on shares of CF Industries in a research report on Friday, March 1st. They set an “outperform” rating and a $99.00 price objective on the stock. Finally, Berenberg Bank raised their price objective on shares of CF Industries from $68.00 to $69.00 and gave the company a “hold” rating in a research report on Wednesday. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, CF Industries has a consensus rating of “Hold” and an average target price of $86.47.

CF Industries Trading Down 0.2 %

Shares of CF Industries stock opened at $79.47 on Thursday. The company’s fifty day simple moving average is $81.43 and its 200-day simple moving average is $79.74. The stock has a market capitalization of $14.92 billion, a PE ratio of 10.14, a P/E/G ratio of 2.21 and a beta of 1.03. CF Industries has a 1-year low of $60.08 and a 1-year high of $87.90. The company has a debt-to-equity ratio of 0.35, a current ratio of 3.81 and a quick ratio of 3.44.

CF Industries (NYSE:CF) last issued its earnings results on Thursday, February 15th. The basic materials company reported $1.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.56 by ($0.12). The company had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.51 billion. CF Industries had a return on equity of 18.44% and a net margin of 23.00%. The company’s revenue for the quarter was down 39.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.35 EPS.

CF Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.52%. CF Industries’s dividend payout ratio is currently 25.51%.

Insider Buying and Selling at CF Industries

In other news, EVP Bert A. Frost sold 6,000 shares of the business’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $85.00, for a total value of $510,000.00. Following the sale, the executive vice president now directly owns 64,030 shares in the company, valued at approximately $5,442,550. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.42% of the stock is currently owned by insiders.

Institutional Trading of CF Industries

Large investors have recently made changes to their positions in the business. Blair William & Co. IL boosted its stake in shares of CF Industries by 0.8% during the 1st quarter. Blair William & Co. IL now owns 76,830 shares of the basic materials company’s stock worth $7,918,000 after purchasing an additional 634 shares during the period. Moors & Cabot Inc. purchased a new position in shares of CF Industries during the 1st quarter worth about $245,000. Sequoia Financial Advisors LLC purchased a new position in shares of CF Industries during the 1st quarter worth about $232,000. National Pension Service purchased a new position in shares of CF Industries during the 1st quarter worth about $27,765,000. Finally, Vanguard Group Inc. boosted its stake in shares of CF Industries by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 25,747,358 shares of the basic materials company’s stock worth $2,653,523,000 after purchasing an additional 94,482 shares during the period. 93.06% of the stock is currently owned by institutional investors.

About CF Industries

CF Industries Holdings, Inc, together with its subsidiaries, engages in the manufacture and sale of hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities in North America, Europe, and internationally. It operates through Ammonia, Granular Urea, UAN, AN, and Other segments.