CF Industries (CF) Set to Announce Earnings on Wednesday

CF Industries (NYSE:CF) is scheduled to be releasing its earnings data after the market closes on Wednesday, October 30th. Analysts expect CF Industries to post earnings of $1.01 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

CF Industries (NYSE:CF) last released its quarterly earnings results on Wednesday, August 7th. The basic materials company reported $2.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.80 by $0.50. CF Industries had a return on equity of 12.96% and a net margin of 17.87%. The firm had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the prior year, the firm posted $2.70 EPS. The business’s revenue was down 11.4% on a year-over-year basis. On average, analysts expect CF Industries to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

CF Industries Stock Performance

NYSE CF opened at $83.89 on Wednesday. The firm has a market capitalization of $15.33 billion, a P/E ratio of 13.94, a price-to-earnings-growth ratio of 2.49 and a beta of 0.95. The firm’s fifty day moving average price is $82.86 and its two-hundred day moving average price is $78.25. CF Industries has a 1 year low of $69.13 and a 1 year high of $90.86. The company has a current ratio of 4.70, a quick ratio of 4.19 and a debt-to-equity ratio of 0.37.

CF Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date is Friday, November 15th. CF Industries’s dividend payout ratio is presently 33.22%.

Wall Street Analyst Weigh In

CF has been the subject of several analyst reports. Barclays lifted their price objective on CF Industries from $90.00 to $96.00 and gave the company an “overweight” rating in a report on Friday, October 11th. BMO Capital Markets upped their price objective on shares of CF Industries from $95.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. Bank of America lowered CF Industries from a “neutral” rating to an “underperform” rating and set a $83.00 price target on the stock. in a research note on Wednesday, October 16th. Wells Fargo & Company raised their target price on CF Industries from $88.00 to $92.00 and gave the company an “overweight” rating in a research note on Tuesday, September 24th. Finally, Royal Bank of Canada lifted their price objective on shares of CF Industries from $85.00 to $95.00 and gave the company an “outperform” rating in a report on Monday, August 12th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $87.67.

Insider Transactions at CF Industries

In other CF Industries news, EVP Susan L. Menzel sold 2,000 shares of the firm’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $90.00, for a total transaction of $180,000.00. Following the sale, the executive vice president now directly owns 66,268 shares of the company’s stock, valued at $5,964,120. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, VP Ashraf K. Malik sold 7,201 shares of the company’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $90.02, for a total transaction of $648,234.02. Following the transaction, the vice president now owns 29,211 shares of the company’s stock, valued at approximately $2,629,574.22. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Susan L. Menzel sold 2,000 shares of the company’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $90.00, for a total transaction of $180,000.00. Following the completion of the transaction, the executive vice president now owns 66,268 shares in the company, valued at approximately $5,964,120. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.42% of the company’s stock.

About CF Industries

CF Industries Holdings, Inc, together with its subsidiaries, engages in the manufacture and sale of hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities in North America, Europe, and internationally. It operates through Ammonia, Granular Urea, UAN, AN, and Other segments.