CF Industries (NYSE:CF) Posts Quarterly Earnings Results, Beats Expectations By $0.47 EPS

CF Industries (NYSE:CF) issued its quarterly earnings results on Wednesday. The basic materials company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.47, RTT News reports. The company had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.39 billion. CF Industries had a return on equity of 7.21% and a net margin of 9.67%. The business’s quarterly revenue was up 15.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.63 earnings per share.

NYSE CF traded up $0.33 during trading hours on Friday, hitting $52.68. 2,917,755 shares of the company’s stock were exchanged, compared to its average volume of 1,849,881. The firm has a 50-day moving average of $47.17. CF Industries has a 1-year low of $38.90 and a 1-year high of $56.51. The stock has a market cap of $10.96 billion, a price-to-earnings ratio of 42.48, a price-to-earnings-growth ratio of 4.15 and a beta of 0.92. The company has a current ratio of 1.71, a quick ratio of 1.17 and a debt-to-equity ratio of 0.83.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Thursday, August 15th will be paid a dividend of $0.30 per share. The ex-dividend date is Wednesday, August 14th. This represents a $1.20 annualized dividend and a yield of 2.28%. CF Industries’s dividend payout ratio is currently 96.77%.

In related news, VP Richard A. Hoker sold 3,665 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $41.15, for a total transaction of $150,814.75. Following the completion of the sale, the vice president now owns 63,383 shares of the company’s stock, valued at $2,608,210.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen A. Furbacher sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $42.01, for a total value of $126,030.00. Following the sale, the director now directly owns 47,190 shares of the company’s stock, valued at approximately $1,982,451.90. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CF. Rational Advisors LLC grew its stake in CF Industries by 874.0% in the first quarter. Rational Advisors LLC now owns 711 shares of the basic materials company’s stock valued at $29,000 after acquiring an additional 638 shares during the period. Community Bank N.A. acquired a new stake in CF Industries in the first quarter valued at approximately $30,000. Ibex Wealth Advisors acquired a new stake in CF Industries in the second quarter valued at approximately $51,000. Parallel Advisors LLC grew its stake in CF Industries by 218.8% in the first quarter. Parallel Advisors LLC now owns 1,221 shares of the basic materials company’s stock valued at $50,000 after acquiring an additional 838 shares during the period. Finally, Signaturefd LLC grew its stake in CF Industries by 37.6% in the first quarter. Signaturefd LLC now owns 1,592 shares of the basic materials company’s stock valued at $65,000 after acquiring an additional 435 shares during the period. 92.86% of the stock is owned by institutional investors and hedge funds.

Several brokerages have recently weighed in on CF. Zacks Investment Research raised CF Industries from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research note on Thursday, July 18th. ValuEngine raised CF Industries from a “hold” rating to a “buy” rating in a research note on Sunday, June 16th. Bank of America cut CF Industries from a “buy” rating to an “underperform” rating and decreased their price target for the company from $50.00 to $38.00 in a research note on Thursday, April 18th. Cowen reissued an “outperform” rating and issued a $54.00 price target (down previously from $56.00) on shares of CF Industries in a research note on Wednesday, May 15th. Finally, Stifel Nicolaus increased their price target on CF Industries from $43.00 to $48.00 and gave the company a “hold” rating in a research note on Friday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $49.98.

CF Industries Company Profile

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.

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Earnings History for CF Industries (NYSE:CF)

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