CF Industries (CF) to Release Quarterly Earnings on Wednesday

CF Industries (NYSE:CF) is set to post its quarterly earnings results after the market closes on Wednesday, October 30th. Analysts expect CF Industries to post earnings of $1.01 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

CF Industries (NYSE:CF) last issued its quarterly earnings results on Wednesday, August 7th. The basic materials company reported $2.30 EPS for the quarter, topping the consensus estimate of $1.80 by $0.50. The firm had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.52 billion. CF Industries had a return on equity of 12.96% and a net margin of 17.87%. The firm’s revenue for the quarter was down 11.4% on a year-over-year basis. During the same period in the previous year, the business earned $2.70 earnings per share. 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

CF stock opened at $83.89 on Wednesday. CF Industries has a 1 year low of $69.13 and a 1 year high of $90.86. The firm has a market capitalization of $15.33 billion, a PE ratio of 13.94, a price-to-earnings-growth ratio of 2.49 and a beta of 0.95. The business has a 50 day simple moving average of $82.86 and a 200-day simple moving average of $78.25. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.70 and a quick ratio of 4.19.

CF Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 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 2.38%. The ex-dividend date is Friday, November 15th. CF Industries’s payout ratio is 33.22%.

Insiders Place Their Bets

In other CF Industries news, VP Ashraf K. Malik sold 7,201 shares of CF Industries stock in a transaction on Friday, October 4th. The shares were sold at an average price of $90.02, for a total value of $648,234.02. Following the transaction, the vice president now owns 29,211 shares in the company, valued at $2,629,574.22. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other CF Industries news, EVP Susan L. Menzel sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $90.00, for a total value of $180,000.00. Following the completion of the transaction, the executive vice president now owns 66,268 shares in the company, valued at $5,964,120. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Ashraf K. Malik sold 7,201 shares of CF Industries stock in a transaction on Friday, October 4th. The stock was sold at an average price of $90.02, for a total transaction of $648,234.02. Following the sale, the vice president now directly owns 29,211 shares in the company, valued at $2,629,574.22. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Scotiabank increased their target price on shares of CF Industries from $80.00 to $88.00 and gave the stock a “sector perform” rating in a report on Monday, August 12th. Royal Bank of Canada increased their target price on shares of CF Industries from $85.00 to $95.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. BMO Capital Markets boosted their price target on shares of CF Industries from $95.00 to $100.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. Wells Fargo & Company upped their price target on shares of CF Industries from $88.00 to $92.00 and gave the company an “overweight” rating in a research report on Tuesday, September 24th. Finally, UBS Group upped their price target on CF Industries from $80.00 to $85.00 and gave the stock a “neutral” rating in a research note on Monday, August 26th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $87.67.

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.