Analysts Offer Predictions for CF Industries FY2024 Earnings

CF Industries Holdings, Inc. (NYSE:CF) – Research analysts at Zacks Research raised their FY2024 EPS estimates for shares of CF Industries in a research report issued to clients and investors on Friday, January 17th. Zacks Research analyst R. Department now expects that the basic materials company will earn $6.36 per share for the year, up from their previous estimate of $6.31. The consensus estimate for CF Industries’ current full-year earnings is $6.38 per share. Zacks Research also issued estimates for CF Industries’ Q4 2024 earnings at $1.48 EPS, Q1 2025 earnings at $1.32 EPS, Q2 2025 earnings at $1.90 EPS, Q3 2025 earnings at $0.81 EPS, FY2025 earnings at $5.34 EPS and Q1 2026 earnings at $1.49 EPS.

CF has been the subject of a number of other research reports. Oppenheimer initiated coverage on CF Industries in a research report on Thursday, December 12th. They issued an “outperform” rating and a $114.00 price objective for the company. Wells Fargo & Company boosted their price objective on shares of CF Industries from $88.00 to $92.00 and gave the company an “overweight” rating in a report on Tuesday, September 24th. Bank of America cut CF Industries from a “neutral” rating to an “underperform” rating and set a $83.00 price objective for the company. in a report on Wednesday, October 16th. Mizuho raised their price target on shares of CF Industries from $76.00 to $93.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. Finally, Royal Bank of Canada increased their price objective on shares of CF Industries from $95.00 to $100.00 and gave the company an “outperform” rating in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, CF Industries currently has a consensus rating of “Hold” and an average target price of $92.38.

CF Industries Stock Performance

Shares of CF Industries stock opened at $97.01 on Monday. CF Industries has a one year low of $69.13 and a one year high of $98.25. The company has a market capitalization of $16.88 billion, a PE ratio of 15.35, a P/E/G ratio of 0.69 and a beta of 0.98. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.52 and a current ratio of 2.81. The company has a 50-day simple moving average of $88.39 and a two-hundred day simple moving average of $82.97.

CF Industries (NYSE:CF) last released its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.50. The firm 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%. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.85 earnings per share.

Insiders Place Their Bets

In other CF Industries news, VP Ashraf K. Malik sold 7,000 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $90.78, for a total transaction of $635,460.00. Following the completion of the sale, the vice president now directly owns 22,211 shares of the company’s stock, valued at approximately $2,016,314.58. This trade represents a 23.96 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Susan L. Menzel sold 3,500 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $92.86, for a total transaction of $325,010.00. Following the completion of the transaction, the executive vice president now directly owns 62,768 shares in the company, valued at $5,828,636.48. This represents a 5.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,389 shares of company stock worth $2,355,425 in the last quarter. 0.48% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CF. Wolff Wiese Magana LLC purchased a new stake in CF Industries during the third quarter worth approximately $28,000. Brooklyn Investment Group acquired a new position in shares of CF Industries during the third quarter worth $39,000. Quent Capital LLC boosted its stake in shares of CF Industries by 132.1% in the third quarter. Quent Capital LLC now owns 499 shares of the basic materials company’s stock valued at $43,000 after purchasing an additional 284 shares during the period. Kimelman & Baird LLC acquired a new stake in shares of CF Industries during the second quarter valued at about $50,000. Finally, Catalyst Capital Advisors LLC raised its position in shares of CF Industries by 262.6% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 660 shares of the basic materials company’s stock valued at $57,000 after purchasing an additional 478 shares in the last quarter. 93.06% of the stock is owned by hedge funds and other institutional investors.

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.