CF Industries (CF) Scheduled to Post Quarterly Earnings on Wednesday

CF Industries (NYSE:CF) will issue its quarterly earnings data after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $1.45 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

CF Industries (NYSE:CF) last announced its quarterly earnings results on Thursday, February 15th. The basic materials company reported $1.44 earnings per share for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.12). CF Industries had a net margin of 23.00% and a return on equity of 18.44%. The firm had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the prior year, the business earned $4.35 earnings per share. The business’s revenue was down 39.8% on a year-over-year basis. On average, analysts expect CF Industries to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

CF Industries Price Performance

NYSE CF opened at $80.00 on Monday. The business has a 50 day simple moving average of $81.60 and a 200 day simple moving average of $79.56. CF Industries has a 52-week low of $60.08 and a 52-week high of $87.90. The company has a debt-to-equity ratio of 0.35, a quick ratio of 3.44 and a current ratio of 3.81. The stock has a market cap of $15.02 billion, a price-to-earnings ratio of 10.20, a PEG ratio of 2.28 and a beta of 1.03.

CF Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be paid a dividend of $0.50 per share. The ex-dividend date is Tuesday, May 14th. This represents a $2.00 annualized dividend and a dividend yield of 2.50%. CF Industries’s dividend payout ratio is currently 25.51%.

Wall Street Analyst Weigh In

Several research firms have recently commented on CF. Wells Fargo & Company cut their price objective on CF Industries from $98.00 to $97.00 and set an “overweight” rating for the company in a report on Friday, February 16th. Piper Sandler downgraded CF Industries from a “neutral” rating to an “underweight” rating and cut their price objective for the company from $87.00 to $82.00 in a report on Thursday, February 29th. UBS Group downgraded CF Industries from a “buy” rating to a “neutral” rating and cut their price target for the company from $95.00 to $83.00 in a report on Wednesday, January 31st. Barclays raised CF Industries from an “underweight” rating to an “equal weight” rating and set a $85.00 target price for the company in a report on Friday, January 12th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $95.00 price target on shares of CF Industries in a research report on Friday, February 16th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $86.47.

Insider Buying and Selling at CF Industries

In related news, EVP Bert A. Frost sold 6,000 shares of the stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $85.00, for a total transaction of $510,000.00. Following the sale, the executive vice president now owns 64,030 shares of the company’s stock, valued at approximately $5,442,550. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.42% 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.