Zacks: Analysts Anticipate CF Industries Holdings, Inc. (NYSE:CF) Will Post Quarterly Sales of $1.05 Billion

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Wall Street brokerages expect CF Industries Holdings, Inc. (NYSE:CF) to post sales of $1.05 billion for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for CF Industries’ earnings. The lowest sales estimate is $959.60 million and the highest is $1.14 billion. CF Industries posted sales of $1.04 billion in the same quarter last year, which would indicate a positive year over year growth rate of 1%. The firm is expected to announce its next quarterly earnings results on Wednesday, October 30th.

On average, analysts expect that CF Industries will report full year sales of $4.71 billion for the current financial year, with estimates ranging from $4.48 billion to $4.96 billion. For the next fiscal year, analysts forecast that the company will post sales of $4.73 billion, with estimates ranging from $4.58 billion to $4.97 billion. Zacks’ sales averages are an average based on a survey of analysts that follow CF Industries.

CF Industries (NYSE:CF) last announced its earnings results on Wednesday, July 31st. The basic materials company reported $1.28 EPS for the quarter, topping the consensus estimate of $0.81 by $0.47. The business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.39 billion. CF Industries had a net margin of 9.67% and a return on equity of 7.22%. CF Industries’s revenue was up 15.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.63 EPS.

Several analysts have weighed in on the stock. Zacks Investment Research upgraded shares of CF Industries from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research note on Thursday, July 18th. UBS Group lifted their price objective on shares of CF Industries from $53.00 to $58.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Rowe lifted their price objective on shares of CF Industries from $56.00 to $66.00 and gave the stock a “positive” rating in a research note on Tuesday, August 6th. Bank of America upgraded shares of CF Industries from an “underperform” rating to a “neutral” rating in a research note on Monday, August 5th. Finally, ValuEngine upgraded shares of CF Industries from a “hold” rating to a “buy” rating in a research note on Sunday, June 16th. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $53.16.

Shares of CF stock traded up $1.24 during midday trading on Tuesday, hitting $48.18. 1,991,600 shares of the company were exchanged, compared to its average volume of 2,662,619. The firm has a market capitalization of $10.25 billion, a P/E ratio of 38.85, a PEG ratio of 3.54 and a beta of 0.92. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.15 and a current ratio of 1.43. The firm’s 50 day moving average price is $48.10 and its two-hundred day moving average price is $44.13. CF Industries has a 52 week low of $38.90 and a 52 week high of $56.51.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Thursday, August 15th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.49%. The ex-dividend date is Wednesday, August 14th. CF Industries’s payout ratio is presently 96.77%.

In other news, VP Richard A. Hoker sold 3,665 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $41.15, for a total value of $150,814.75. Following the completion of the transaction, the vice president now directly owns 63,383 shares in the company, valued at approximately $2,608,210.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Douglas C. Barnard sold 100,500 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $50.74, for a total transaction of $5,099,370.00. Following the completion of the transaction, the vice president now owns 37,936 shares of the company’s stock, valued at $1,924,872.64. The disclosure for this sale can be found here. Insiders sold a total of 125,765 shares of company stock valued at $6,333,641 over the last 90 days. Corporate insiders own 2.00% of the company’s stock.

Several large investors have recently modified their holdings of CF. Schroder Investment Management Group increased its position in CF Industries by 2.1% during the 2nd quarter. Schroder Investment Management Group now owns 9,653 shares of the basic materials company’s stock worth $451,000 after purchasing an additional 194 shares in the last quarter. CSat Investment Advisory L.P. increased its position in CF Industries by 27.5% during the 2nd quarter. CSat Investment Advisory L.P. now owns 1,010 shares of the basic materials company’s stock worth $47,000 after purchasing an additional 218 shares in the last quarter. JNBA Financial Advisors increased its position in CF Industries by 0.5% during the 2nd quarter. JNBA Financial Advisors now owns 47,130 shares of the basic materials company’s stock worth $2,201,000 after purchasing an additional 250 shares in the last quarter. Green Square Asset Management LLC increased its position in CF Industries by 2.5% during the 2nd quarter. Green Square Asset Management LLC now owns 11,153 shares of the basic materials company’s stock worth $521,000 after purchasing an additional 267 shares in the last quarter. Finally, Commerce Bank increased its position in CF Industries by 5.3% during the 2nd quarter. Commerce Bank now owns 5,913 shares of the basic materials company’s stock worth $277,000 after purchasing an additional 298 shares in the last quarter. Institutional investors own 93.13% of the company’s stock.

About CF Industries

CF Industries Holdings, Inc manufactures and distributes nitrogen fertilizers and other nitrogen products worldwide. Its principal nitrogen fertilizer products include ammonia, granular urea, urea ammonium nitrate solution, and ammonium nitrate. The company also offers diesel exhaust fluid, urea liquor, nitric acid, and aqua ammonia products, as well as compound fertilizer products with nitrogen, phosphorus, and potassium.

Read More: Hold Rating

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