Brokerages Anticipate CF Industries Holdings, Inc. (CF) Will Announce Quarterly Sales of $713.98 Million
Analysts expect CF Industries Holdings, Inc. (NYSE:CF) to post $713.98 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for CF Industries Holdings’ earnings. The highest sales estimate is $727.85 million and the lowest is $700.10 million. CF Industries Holdings posted sales of $680.00 million during the same quarter last year, which suggests a positive year-over-year growth rate of 5%. The business is scheduled to report its next quarterly earnings report on Wednesday, November 1st.
According to Zacks, analysts expect that CF Industries Holdings will report full-year sales of $713.98 million for the current financial year, with estimates ranging from $3.70 billion to $3.89 billion. For the next fiscal year, analysts anticipate that the business will report sales of $3.95 billion per share, with estimates ranging from $3.87 billion to $4.11 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow CF Industries Holdings.
CF Industries Holdings (NYSE:CF) last announced its quarterly earnings data on Wednesday, August 2nd. The basic materials company reported $0.10 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.18. CF Industries Holdings had a negative net margin of 9.98% and a negative return on equity of 0.40%. The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the previous year, the business earned $0.33 earnings per share. The company’s revenue was down .9% on a year-over-year basis.
Several research firms have issued reports on CF. Royal Bank Of Canada set a $25.00 target price on shares of CF Industries Holdings and gave the stock a “sell” rating in a research note on Saturday, June 10th. Credit Suisse Group set a $31.00 target price on shares of CF Industries Holdings and gave the stock a “buy” rating in a research note on Sunday, May 28th. Piper Jaffray Companies reiterated a “hold” rating on shares of CF Industries Holdings in a research note on Friday, August 4th. Zacks Investment Research upgraded shares of CF Industries Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th. Finally, Barclays PLC lowered their target price on shares of CF Industries Holdings from $31.00 to $29.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 13th. 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 given a strong buy rating to the company. CF Industries Holdings has an average rating of “Hold” and an average price target of $32.23.
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CF Industries Holdings (NYSE CF) opened at 32.04 on Friday. CF Industries Holdings has a 12 month low of $22.00 and a 12 month high of $37.17. The firm’s market capitalization is $7.47 billion. The firm’s 50-day moving average is $29.97 and its 200 day moving average is $28.89.
The firm also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Tuesday, August 15th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date of this dividend was Friday, August 11th. CF Industries Holdings’s payout ratio is presently -75.47%.
In related news, VP Bert A. Frost sold 6,400 shares of CF Industries Holdings stock in a transaction on Monday, August 7th. The shares were sold at an average price of $31.53, for a total value of $201,792.00. Following the transaction, the vice president now owns 59,732 shares in the company, valued at approximately $1,883,349.96. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.00% of the stock is owned by company insiders.
A number of institutional investors have recently made changes to their positions in CF. First Mercantile Trust Co. grew its holdings in CF Industries Holdings by 22.4% in the 1st quarter. First Mercantile Trust Co. now owns 3,691 shares of the basic materials company’s stock worth $108,000 after acquiring an additional 676 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in CF Industries Holdings by 67.9% in the 1st quarter. Russell Investments Group Ltd. now owns 77,386 shares of the basic materials company’s stock worth $2,272,000 after acquiring an additional 31,294 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD grew its holdings in CF Industries Holdings by 9.9% in the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 19,101 shares of the basic materials company’s stock worth $560,000 after acquiring an additional 1,714 shares during the last quarter. Great West Life Assurance Co. Can grew its holdings in CF Industries Holdings by 0.9% in the 1st quarter. Great West Life Assurance Co. Can now owns 193,047 shares of the basic materials company’s stock worth $5,661,000 after acquiring an additional 1,733 shares during the last quarter. Finally, State Treasurer State of Michigan grew its holdings in CF Industries Holdings by 0.4% in the 1st quarter. State Treasurer State of Michigan now owns 76,525 shares of the basic materials company’s stock worth $2,246,000 after acquiring an additional 300 shares during the last quarter.
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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