Q4 Earnings Forecast for CF Industries Issued By Scotiabank

CF Industries Holdings, Inc. (NYSE:CF) – Equities researchers at Scotiabank raised their Q4 2024 earnings estimates for shares of CF Industries in a research note issued to investors on Wednesday, January 29th. Scotiabank analyst B. Isaacson now anticipates that the basic materials company will post earnings per share of $1.55 for the quarter, up from their prior estimate of $1.49. Scotiabank currently has a “Sector Underperform” rating and a $88.00 target price on the stock. The consensus estimate for CF Industries’ current full-year earnings is $6.37 per share.

CF Industries (NYSE:CF) last released its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.50. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the company earned $0.85 earnings per share.

Other equities research analysts have also issued research reports about the company. JPMorgan Chase & Co. lowered CF Industries from a “neutral” rating to an “underweight” rating and dropped their price target for the stock from $82.00 to $75.00 in a research note on Friday, January 24th. Mizuho boosted their target price on shares of CF Industries from $76.00 to $93.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. Piper Sandler raised their price target on shares of CF Industries from $105.00 to $115.00 and gave the stock an “overweight” rating in a report on Monday. Royal Bank of Canada lowered shares of CF Industries from an “outperform” rating to a “sector perform” rating and set a $100.00 price objective on the stock. in a report on Tuesday, January 21st. Finally, UBS Group raised their target price on CF Industries from $91.00 to $92.00 and gave the stock a “neutral” rating in a research note on Tuesday. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $92.43.

CF Industries Stock Down 0.3 %

Shares of CF stock opened at $92.22 on Thursday. The stock’s fifty day moving average price is $89.35 and its 200 day moving average price is $84.18. CF Industries has a 1-year low of $69.13 and a 1-year high of $98.25. The company has a market cap of $16.05 billion, a price-to-earnings ratio of 14.59, a price-to-earnings-growth ratio of 0.71 and a beta of 0.98. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.81 and a quick ratio of 2.52.

CF Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.17%. CF Industries’s payout ratio is 31.65%.

Insider Activity

In other news, EVP Susan L. Menzel sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $96.00, for a total transaction of $144,000.00. Following the sale, the executive vice president now directly owns 92,486 shares in the company, valued at $8,878,656. This trade represents a 1.60 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Bert A. Frost sold 3,000 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $88.00, for a total value of $264,000.00. Following the completion of the transaction, the executive vice president now directly owns 103,155 shares of the company’s stock, valued at $9,077,640. The trade was a 2.83 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,389 shares of company stock valued at $2,355,425 in the last three months. 0.42% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On CF Industries

A number of institutional investors have recently added to or reduced their stakes in the stock. Brooklyn Investment Group grew its position in shares of CF Industries by 26.9% in the fourth quarter. Brooklyn Investment Group now owns 576 shares of the basic materials company’s stock valued at $49,000 after purchasing an additional 122 shares during the period. Ballentine Partners LLC boosted its holdings in CF Industries by 2.3% in the 4th quarter. Ballentine Partners LLC now owns 5,646 shares of the basic materials company’s stock worth $482,000 after buying an additional 127 shares during the last quarter. Coldstream Capital Management Inc. increased its stake in CF Industries by 4.9% during the 3rd quarter. Coldstream Capital Management Inc. now owns 2,883 shares of the basic materials company’s stock worth $247,000 after buying an additional 135 shares in the last quarter. James Investment Research Inc. raised its holdings in shares of CF Industries by 1.8% during the fourth quarter. James Investment Research Inc. now owns 9,534 shares of the basic materials company’s stock valued at $813,000 after acquiring an additional 165 shares during the last quarter. Finally, Greenleaf Trust lifted its position in shares of CF Industries by 4.7% in the fourth quarter. Greenleaf Trust now owns 3,784 shares of the basic materials company’s stock valued at $323,000 after acquiring an additional 169 shares in the last quarter. Institutional investors and hedge funds own 93.06% 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.