CF Industries (CF) Expected to Post Quarterly Sales of $1.06 Billion

Analysts expect CF Industries (NYSE:CF) to announce $1.06 billion in sales for the current quarter, Zacks reports. Two analysts have provided estimates for CF Industries’ earnings. The lowest sales estimate is $1.06 billion and the highest is $1.07 billion. CF Industries posted sales of $1.04 billion in the same quarter last year, which suggests a positive year over year growth rate of 1.9%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, May 2nd.

According to Zacks, analysts expect that CF Industries will report full year sales of $4.31 billion for the current year, with estimates ranging from $4.15 billion to $4.45 billion. For the next year, analysts expect that the firm will report sales of $4.46 billion per share, with estimates ranging from $4.20 billion to $4.69 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover CF Industries.

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CF Industries (NYSE:CF) last announced its quarterly earnings data on Wednesday, February 14th. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.06. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $988.91 million. CF Industries had a negative return on equity of 0.92% and a net margin of 8.67%. The firm’s revenue was up 26.8% on a year-over-year basis. During the same period in the previous year, the company posted ($0.39) EPS.

A number of research analysts recently issued reports on CF shares. TheStreet upgraded CF Industries from a “c+” rating to a “b-” rating in a research note on Friday, March 9th. Zacks Investment Research raised CF Industries from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a report on Tuesday, January 2nd. ValuEngine raised CF Industries from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Stephens set a $43.00 price target on CF Industries and gave the stock a “hold” rating in a report on Thursday, February 22nd. Finally, Piper Jaffray set a $44.00 price target on CF Industries and gave the stock a “hold” rating in a report on Thursday, February 15th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $38.83.

Shares of NYSE:CF traded up $0.23 during mid-day trading on Tuesday, reaching $38.43. 1,955,732 shares of the company traded hands, compared to its average volume of 2,874,186. The company has a market cap of $8,911.75, a PE ratio of -153.72, a price-to-earnings-growth ratio of 7.03 and a beta of 1.10. The company has a current ratio of 2.53, a quick ratio of 2.05 and a debt-to-equity ratio of 0.70. CF Industries has a 52 week low of $25.04 and a 52 week high of $45.00.

Several institutional investors and hedge funds have recently modified their holdings of the company. Bank of New York Mellon Corp raised its holdings in shares of CF Industries by 8.7% during the 4th quarter. Bank of New York Mellon Corp now owns 6,079,530 shares of the basic materials company’s stock worth $258,623,000 after acquiring an additional 487,200 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of CF Industries by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 2,638,040 shares of the basic materials company’s stock worth $112,002,000 after acquiring an additional 91,806 shares in the last quarter. Platinum Investment Management Ltd. purchased a new stake in shares of CF Industries during the 4th quarter worth approximately $69,077,000. Schwab Charles Investment Management Inc. raised its holdings in shares of CF Industries by 7.1% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,310,274 shares of the basic materials company’s stock worth $55,740,000 after acquiring an additional 86,586 shares in the last quarter. Finally, Anchor Bolt Capital LP raised its holdings in shares of CF Industries by 68.4% during the 4th quarter. Anchor Bolt Capital LP now owns 1,197,829 shares of the basic materials company’s stock worth $50,956,000 after acquiring an additional 486,606 shares in the last quarter.

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About CF Industries

CF Industries Holdings, Inc manufactures and distributes nitrogen fertilizers and other nitrogen products worldwide. The company operates through Ammonia, Granular Urea, UAN, AN, Other, and Phosphate segments. Its principal nitrogen fertilizer products include ammonia, granular urea, urea ammonium nitrate, and ammonium nitrate.

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