Q1 2024 EPS Estimates for CF Industries Holdings, Inc. Boosted by Zacks Research (NYSE:CF)

CF Industries Holdings, Inc. (NYSE:CF) – Research analysts at Zacks Research upped their Q1 2024 EPS estimates for shares of 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 earn $1.43 per share for the quarter, up from their previous estimate of $1.37. The consensus estimate for CF Industries’ current full-year earnings is $5.86 per share. Zacks Research also issued estimates for CF Industries’ Q1 2025 earnings at $0.90 EPS and Q1 2026 earnings at $1.53 EPS.

CF Industries (NYSE:CF) last announced its quarterly 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). CF Industries had a net margin of 23.00% and a return on equity of 18.44%. The business had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same quarter last year, the company posted $4.35 earnings per share. The company’s revenue was down 39.8% compared to the same quarter last year.

Several other research firms have also recently weighed in on CF. Berenberg Bank increased their price objective on shares of CF Industries from $68.00 to $69.00 and gave the stock a “hold” rating in a research report on Wednesday. Wells Fargo & Company decreased their price objective on shares of CF Industries from $98.00 to $97.00 and set an “overweight” rating for the company in a research report on Friday, February 16th. Royal Bank of Canada reiterated an “outperform” rating and set a $95.00 price objective on shares of CF Industries in a research report on Friday, February 16th. Wolfe Research initiated coverage on shares of CF Industries in a report on Friday, March 1st. They issued an “outperform” rating and a $99.00 price target for the company. Finally, UBS Group cut shares of CF Industries from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $95.00 to $83.00 in a report on Wednesday, January 31st. 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $86.47.

CF Industries Trading Down 0.2 %

Shares of NYSE CF opened at $79.47 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 3.44 and a current ratio of 3.81. CF Industries has a 52-week low of $60.08 and a 52-week high of $87.90. The firm has a 50 day moving average price of $81.43 and a two-hundred day moving average price of $79.72. The stock has a market cap of $14.92 billion, a P/E ratio of 10.14, a price-to-earnings-growth ratio of 2.26 and a beta of 1.03.

CF Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date of this dividend is Tuesday, May 14th. CF Industries’s payout ratio is currently 25.51%.

Insider Activity at CF Industries

In other CF Industries news, EVP Bert A. Frost sold 6,000 shares of CF Industries 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 owns 64,030 shares of the company’s stock, valued at $5,442,550. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.42% of the stock is owned by insiders.

Institutional Trading of CF Industries

Several hedge funds have recently added to or reduced their stakes in CF. Kentucky Retirement Systems increased its stake in shares of CF Industries by 0.7% in the third quarter. Kentucky Retirement Systems now owns 15,598 shares of the basic materials company’s stock worth $1,501,000 after purchasing an additional 116 shares in the last quarter. Arkadios Wealth Advisors increased its stake in shares of CF Industries by 2.5% in the third quarter. Arkadios Wealth Advisors now owns 5,148 shares of the basic materials company’s stock worth $441,000 after purchasing an additional 126 shares in the last quarter. Donoghue Forlines LLC increased its stake in shares of CF Industries by 1.9% in the third quarter. Donoghue Forlines LLC now owns 6,835 shares of the basic materials company’s stock worth $586,000 after purchasing an additional 130 shares in the last quarter. Janiczek Wealth Management LLC increased its stake in shares of CF Industries by 36.5% in the third quarter. Janiczek Wealth Management LLC now owns 516 shares of the basic materials company’s stock worth $44,000 after purchasing an additional 138 shares in the last quarter. Finally, Czech National Bank increased its stake in shares of CF Industries by 0.5% in the first quarter. Czech National Bank now owns 33,616 shares of the basic materials company’s stock worth $2,797,000 after purchasing an additional 153 shares in the last quarter. Institutional investors own 93.06% of the company’s stock.

CF Industries Company Profile

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.