Q4 Earnings Estimate for CF Industries Issued By Scotiabank

CF Industries Holdings, Inc. (NYSE:CF) – Equities research analysts at Scotiabank upped their Q4 2024 earnings per share (EPS) estimates for CF Industries in a note issued to investors on Wednesday, January 29th. Scotiabank analyst B. Isaacson now anticipates that the basic materials company will earn $1.55 per share for the quarter, up from their previous estimate of $1.49. Scotiabank currently has a “Sector Underperform” rating and a $88.00 price objective on the stock. The consensus estimate for CF Industries’ current full-year earnings is $6.31 per share.

CF has been the subject of several other research reports. Bank of America downgraded shares of CF Industries from a “neutral” rating to an “underperform” rating and set a $83.00 price target for the company. in a research report on Wednesday, October 16th. UBS Group increased their target price on CF Industries from $91.00 to $92.00 and gave the company a “neutral” rating in a report on Tuesday. Redburn Atlantic assumed coverage on CF Industries in a research report on Friday, October 18th. They set a “neutral” rating and a $77.00 price objective for the company. JPMorgan Chase & Co. downgraded CF Industries from a “neutral” rating to an “underweight” rating and dropped their target price for the company from $82.00 to $75.00 in a report on Friday, January 24th. Finally, Royal Bank of Canada cut shares of CF Industries from an “outperform” rating to a “sector perform” rating and set a $100.00 price target for the company. in a report on Tuesday, January 21st. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $92.43.

CF Industries Price Performance

NYSE CF opened at $92.24 on Thursday. The company has a current ratio of 2.81, a quick ratio of 2.52 and a debt-to-equity ratio of 0.38. CF Industries has a 1 year low of $69.13 and a 1 year high of $98.25. The company has a market cap of $16.05 billion, a PE ratio of 14.59, a PEG ratio of 0.74 and a beta of 0.98. The stock’s 50-day moving average price is $89.40 and its two-hundred day moving average price is $84.33.

CF Industries (NYSE:CF) last announced its earnings results on Wednesday, October 30th. The basic materials company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.05 by $0.50. The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.28 billion. CF Industries had a return on equity of 14.57% and a net margin of 19.45%. CF Industries’s revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.85 earnings per share.

CF Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date is Friday, February 14th. CF Industries’s dividend payout ratio is 31.65%.

Insider Buying and Selling

In related news, EVP Bert A. Frost sold 3,000 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $88.00, for a total value of $264,000.00. Following the completion of the transaction, the executive vice president now directly owns 103,155 shares in the company, valued at approximately $9,077,640. This represents a 2.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Ashraf K. Malik sold 8,889 shares of CF Industries stock in a transaction on Monday, January 13th. The stock was sold at an average price of $95.00, for a total transaction of $844,455.00. Following the sale, the vice president now owns 15,871 shares in the company, valued at $1,507,745. This represents a 35.90 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 25,389 shares of company stock valued at $2,355,425. Company insiders own 0.42% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of CF. Wolff Wiese Magana LLC bought a new position in shares of CF Industries in the third quarter worth about $28,000. Heck Capital Advisors LLC acquired a new stake in shares of CF Industries in the 4th quarter valued at $34,000. Brooklyn Investment Group bought a new position in CF Industries in the third quarter valued at about $39,000. Quent Capital LLC increased its position in CF Industries by 132.1% in the third quarter. Quent Capital LLC now owns 499 shares of the basic materials company’s stock worth $43,000 after purchasing an additional 284 shares during the period. Finally, Asset Planning Inc bought a new stake in CF Industries during the 4th quarter worth about $44,000. Institutional investors own 93.06% of the company’s stock.

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.