CF Industries Holdings, Inc. (NYSE:CF) Expected to Post Q2 2024 Earnings of $2.25 Per Share

CF Industries Holdings, Inc. (NYSE:CF) – Research analysts at Scotiabank issued their Q2 2024 EPS estimates for CF Industries in a report released on Monday, May 6th. Scotiabank analyst B. Isaacson expects that the basic materials company will post earnings of $2.25 per share for the quarter. Scotiabank has a “Sector Perform” rating and a $80.00 price objective on the stock. The consensus estimate for CF Industries’ current full-year earnings is $5.86 per share. Scotiabank also issued estimates for CF Industries’ FY2025 earnings at $6.57 EPS.

CF Industries (NYSE:CF) last posted its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $1.03 EPS for the quarter, missing the consensus estimate of $1.47 by ($0.44). The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.46 billion. CF Industries had a net margin of 19.03% and a return on equity of 14.08%. CF Industries’s revenue for the quarter was down 26.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.85 EPS.

A number of other equities analysts have also weighed in on the stock. Berenberg Bank increased their target price on shares of CF Industries from $68.00 to $69.00 and gave the stock a “hold” rating in a research report on Wednesday, April 17th. Piper Sandler downgraded CF Industries from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $87.00 to $82.00 in a research report on Thursday, February 29th. Bank of America reiterated a “neutral” rating and issued a $88.00 price target (down from $96.00) on shares of CF Industries in a research report on Wednesday, April 10th. Wells Fargo & Company reduced their target price on CF Industries from $98.00 to $97.00 and set an “overweight” rating for the company in a report on Friday, February 16th. Finally, Wolfe Research started coverage on shares of CF Industries in a research report on Friday, March 1st. They issued an “outperform” rating and a $99.00 price objective for the company. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $85.44.

CF Industries Stock Up 0.6 %

CF stock opened at $74.51 on Tuesday. CF Industries has a fifty-two week low of $60.08 and a fifty-two week high of $87.90. The stock has a fifty day moving average of $81.34 and a 200-day moving average of $79.20. The company has a market capitalization of $13.99 billion, a price-to-earnings ratio of 12.38, a PEG ratio of 2.11 and a beta of 1.02. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.55 and a current ratio of 3.94.

CF Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders 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 dividend yield of 2.68%. The ex-dividend date of this dividend is Tuesday, May 14th. CF Industries’s payout ratio is currently 33.22%.

Insider Activity

In other CF Industries news, EVP Bert A. Frost sold 6,000 shares of CF Industries stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $85.00, for a total transaction of $510,000.00. Following the transaction, the executive vice president now directly owns 64,030 shares of the company’s stock, valued at $5,442,550. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.42% of the company’s stock.

Institutional Investors Weigh In On CF Industries

A number of hedge funds and other institutional investors have recently modified their holdings of CF. Donoghue Forlines LLC raised its holdings in CF Industries by 1.9% during the 3rd quarter. Donoghue Forlines LLC now owns 6,835 shares of the basic materials company’s stock valued at $586,000 after buying an additional 130 shares during the last quarter. SYSTM Wealth Solutions LLC boosted its holdings in shares of CF Industries by 24.0% during the first quarter. SYSTM Wealth Solutions LLC now owns 791 shares of the basic materials company’s stock worth $66,000 after purchasing an additional 153 shares during the period. Czech National Bank grew 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 during the last quarter. Wahed Invest LLC increased its holdings in CF Industries by 4.9% during the 4th quarter. Wahed Invest LLC now owns 3,281 shares of the basic materials company’s stock valued at $261,000 after purchasing an additional 154 shares during the period. Finally, Balentine LLC raised its position in CF Industries by 5.9% during the 4th quarter. Balentine LLC now owns 2,914 shares of the basic materials company’s stock valued at $232,000 after purchasing an additional 162 shares during 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.