$1.03 Billion in Sales Expected for CF Industries Holdings, Inc. (NYSE:CF) This Quarter
Wall Street analysts expect CF Industries Holdings, Inc. (NYSE:CF) to post $1.03 billion in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for CF Industries Holdings’ earnings, with the highest sales estimate coming in at $1.04 billion and the lowest estimate coming in at $1.02 billion. CF Industries Holdings posted sales of $1.13 billion in the same quarter last year, which suggests a negative year over year growth rate of 8.8%. The firm is scheduled to issue its next earnings report on Wednesday, August 2nd.
According to Zacks, analysts expect that CF Industries Holdings will report full-year sales of $1.03 billion for the current financial year, with estimates ranging from $3.71 billion to $4.25 billion. For the next year, analysts anticipate that the company will post sales of $4.12 billion per share, with estimates ranging from $3.89 billion to $4.24 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover CF Industries Holdings.
CF Industries Holdings (NYSE:CF) last announced its quarterly earnings results on Wednesday, May 3rd. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.09 by $0.04. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $988.56 million. CF Industries Holdings had a negative net margin of 8.77% and a positive return on equity of 0.41%. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period last year, the company earned $0.40 earnings per share.
CF has been the subject of several research reports. Royal Bank Of Canada reiterated a “sell” rating and issued a $25.00 target price on shares of CF Industries Holdings in a research report on Wednesday. Stifel Nicolaus reiterated a “hold” rating and issued a $28.00 target price (down previously from $31.00) on shares of CF Industries Holdings in a research report on Monday. BidaskClub upgraded CF Industries Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. ValuEngine upgraded CF Industries Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Finally, BMO Capital Markets set a $35.00 price target on CF Industries Holdings and gave the stock a “buy” rating in a report on Tuesday, June 6th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. CF Industries Holdings has an average rating of “Hold” and a consensus price target of $31.62.
Shares of CF Industries Holdings (NYSE CF) traded up 1.28% during trading on Thursday, reaching $29.29. The company had a trading volume of 2,309,524 shares. CF Industries Holdings has a 52-week low of $20.77 and a 52-week high of $37.17. The company’s market capitalization is $6.83 billion. The firm has a 50-day moving average price of $27.41 and a 200-day moving average price of $30.05.
Institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of CF Industries Holdings by 3,912.4% in the first quarter. BlackRock Inc. now owns 20,034,069 shares of the basic materials company’s stock worth $587,999,000 after buying an additional 19,534,765 shares during the last quarter. FMR LLC boosted its position in shares of CF Industries Holdings by 12.1% in the first quarter. FMR LLC now owns 23,826,054 shares of the basic materials company’s stock worth $699,295,000 after buying an additional 2,577,455 shares during the last quarter. Norges Bank bought a new position in shares of CF Industries Holdings during the fourth quarter worth about $51,255,000. Ameriprise Financial Inc. increased its position in shares of CF Industries Holdings by 141.9% in the first quarter. Ameriprise Financial Inc. now owns 2,027,780 shares of the basic materials company’s stock worth $59,515,000 after buying an additional 1,189,396 shares in the last quarter. Finally, Pioneer Investment Management Inc. increased its position in shares of CF Industries Holdings by 146.2% in the first quarter. Pioneer Investment Management Inc. now owns 1,672,836 shares of the basic materials company’s stock worth $49,098,000 after buying an additional 993,403 shares in the last quarter.
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CF Industries Holdings Company Profile
CF Industries Holdings, Inc manufactures and distributes nitrogen fertilizer, and other nitrogen products. The Company’s nitrogen fertilizer products are ammonia, granular urea, urea ammonium nitrate solution (UAN) and ammonium nitrate (AN). Its other nitrogen products include diesel exhaust fluid (DEF), urea liquor, nitric acid and aqua ammonia, which are sold primarily to the Company’s industrial customers, and compound fertilizer products (nitrogen, phosphorus and potassium or NPKs).
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