Analysts Issue Forecasts for CF Industries FY2024 Earnings

CF Industries Holdings, Inc. (NYSE:CF) – Scotiabank issued their FY2024 earnings estimates for shares of CF Industries in a research report issued to clients and investors on Monday, November 4th. Scotiabank analyst B. Isaacson forecasts that the basic materials company will post earnings per share of $6.37 for the year. 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 $6.07 per share. Scotiabank also issued estimates for CF Industries’ FY2025 earnings at $5.85 EPS.

Other research analysts have also recently issued research reports about the stock. Wells Fargo & Company lifted their target price on shares of CF Industries from $88.00 to $92.00 and gave the company an “overweight” rating in a research note on Tuesday, September 24th. Royal Bank of Canada boosted their price objective on CF Industries from $95.00 to $100.00 and gave the company an “outperform” rating in a research report on Monday. Barclays increased their target price on CF Industries from $90.00 to $96.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. Redburn Atlantic assumed coverage on CF Industries in a report on Friday, October 18th. They issued a “neutral” rating and a $77.00 price target on the stock. Finally, Mizuho upped their price target on CF Industries from $76.00 to $93.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, CF Industries has an average rating of “Hold” and an average target price of $88.08.

CF Industries Price Performance

NYSE CF opened at $84.64 on Thursday. The company has a current ratio of 2.81, a quick ratio of 2.52 and a debt-to-equity ratio of 0.38. CF Industries has a 12 month low of $69.13 and a 12 month high of $90.86. The stock has a market cap of $14.73 billion, a price-to-earnings ratio of 13.39, a PEG ratio of 2.37 and a beta of 0.97. The company’s 50 day moving average is $83.57 and its two-hundred day moving average is $78.61.

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

CF Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be issued a $0.50 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.36%. CF Industries’s dividend payout ratio (DPR) is presently 31.65%.

Insider Activity

In other news, EVP Susan L. Menzel sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $90.00, for a total transaction of $180,000.00. Following the transaction, the executive vice president now owns 66,268 shares of the company’s stock, valued at approximately $5,964,120. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $90.00, for a total value of $180,000.00. Following the completion of the sale, 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 0.48% of the company’s stock.

Hedge Funds Weigh In On CF Industries

Several hedge funds have recently bought and sold shares of CF. Wolff Wiese Magana LLC purchased a new position in shares of CF Industries during the third quarter worth approximately $28,000. Quent Capital LLC raised its position in CF Industries by 132.1% during the 3rd quarter. Quent Capital LLC now owns 499 shares of the basic materials company’s stock valued at $43,000 after purchasing an additional 284 shares in the last quarter. UMB Bank n.a. raised its position in CF Industries by 40.4% during the 2nd quarter. UMB Bank n.a. now owns 664 shares of the basic materials company’s stock valued at $49,000 after purchasing an additional 191 shares in the last quarter. Kimelman & Baird LLC purchased a new stake in shares of CF Industries in the 2nd quarter worth $50,000. Finally, nVerses Capital LLC grew its position in shares of CF Industries by 250.0% during the 2nd quarter. nVerses Capital LLC now owns 700 shares of the basic materials company’s stock worth $52,000 after buying an additional 500 shares in the last quarter. Institutional investors own 93.06% of the company’s stock.

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.