Scotiabank Comments on CF Industries’ Q4 Earnings (NYSE:CF)

CF Industries Holdings, Inc. (NYSE:CF) – Equities researchers at Scotiabank issued their Q4 2024 EPS estimates for CF Industries in a research note issued to investors on Monday, November 4th. Scotiabank analyst B. Isaacson forecasts that the basic materials company will post earnings per share of $1.49 for the quarter. Scotiabank currently has a “Sector Perform” rating and a $88.00 target price on the stock. The consensus estimate for CF Industries’ current full-year earnings is $5.98 per share.

CF has been the subject of a number of other reports. UBS Group increased their price target on CF Industries from $80.00 to $85.00 and gave the company a “neutral” rating in a research note on Monday, August 26th. Barclays increased their target price on CF Industries from $90.00 to $96.00 and gave the company an “overweight” rating in a research report on Friday, October 11th. Wells Fargo & Company boosted their price target on CF Industries from $88.00 to $92.00 and gave the stock an “overweight” rating in a report on Tuesday, September 24th. Mizuho raised their price objective on shares of CF Industries from $76.00 to $93.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. Finally, Royal Bank of Canada lifted their target price on shares of CF Industries from $95.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday. Two research analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, CF Industries presently has a consensus rating of “Hold” and an average price target of $88.08.

CF Industries Stock Performance

CF Industries stock opened at $83.08 on Wednesday. The company has a quick ratio of 2.52, a current ratio of 2.81 and a debt-to-equity ratio of 0.38. The stock has a market cap of $14.46 billion, a PE ratio of 13.15, a P/E/G ratio of 2.34 and a beta of 0.97. CF Industries has a 12-month low of $69.13 and a 12-month high of $90.86. The business’s 50-day moving average price is $83.51 and its two-hundred day moving average price is $78.54.

CF Industries (NYSE:CF) last issued its earnings results on Wednesday, October 30th. The basic materials company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.05 by $0.50. The company had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.28 billion. CF Industries had a net margin of 19.45% and a return on equity of 14.57%. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.85 EPS.

Institutional Trading of CF Industries

A number of institutional investors and hedge funds have recently modified their holdings of CF. Victory Capital Management Inc. raised its position in CF Industries by 15.1% in the third quarter. Victory Capital Management Inc. now owns 4,188,648 shares of the basic materials company’s stock worth $359,386,000 after acquiring an additional 549,569 shares during the period. Boston Partners increased its stake in shares of CF Industries by 37.5% during the 1st quarter. Boston Partners now owns 3,063,854 shares of the basic materials company’s stock worth $254,920,000 after purchasing an additional 835,557 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of CF Industries by 7.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,871,116 shares of the basic materials company’s stock worth $212,823,000 after purchasing an additional 198,246 shares during the period. Earnest Partners LLC lifted its stake in CF Industries by 2.8% in the second quarter. Earnest Partners LLC now owns 2,193,528 shares of the basic materials company’s stock valued at $162,584,000 after purchasing an additional 59,674 shares during the last quarter. Finally, Sei Investments Co. grew its holdings in CF Industries by 5.1% during the second quarter. Sei Investments Co. now owns 1,422,493 shares of the basic materials company’s stock valued at $105,435,000 after purchasing an additional 68,834 shares during the period. 93.06% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at CF Industries

In other news, EVP Susan L. Menzel sold 2,000 shares of the business’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $90.00, for a total transaction of $180,000.00. Following the completion of the sale, the executive vice president now directly owns 66,268 shares of the company’s stock, valued at $5,964,120. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other CF Industries news, VP Ashraf K. Malik sold 7,201 shares of CF Industries stock in a transaction on Friday, October 4th. The shares were sold at an average price of $90.02, for a total transaction of $648,234.02. Following the transaction, the vice president now directly owns 29,211 shares of the company’s stock, valued at $2,629,574.22. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Susan L. Menzel sold 2,000 shares of the stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $90.00, for a total transaction of $180,000.00. Following the completion of the sale, the executive vice president now owns 66,268 shares of the company’s stock, valued at approximately $5,964,120. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by insiders.

CF Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend is Friday, November 15th. CF Industries’s payout ratio is 31.65%.

CF Industries Company Profile

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.