CF Industries Holdings, Inc. (NYSE:CF) Expected to Post Quarterly Sales of $1.12 Billion

Wall Street brokerages expect CF Industries Holdings, Inc. (NYSE:CF) to report sales of $1.12 billion for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for CF Industries’ earnings, with the lowest sales estimate coming in at $1.12 billion and the highest estimate coming in at $1.13 billion. CF Industries posted sales of $1.50 billion during the same quarter last year, which would indicate a negative year over year growth rate of 25.3%. The company is scheduled to announce its next quarterly earnings results on Wednesday, July 29th.

On average, analysts expect that CF Industries will report full-year sales of $4.00 billion for the current fiscal year, with estimates ranging from $3.89 billion to $4.12 billion. For the next financial year, analysts anticipate that the firm will report sales of $4.23 billion, with estimates ranging from $4.17 billion to $4.27 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for CF Industries.

CF Industries (NYSE:CF) last issued its quarterly earnings results on Wednesday, May 6th. The basic materials company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.08. CF Industries had a net margin of 10.33% and a return on equity of 8.34%. The business had revenue of $971.00 million for the quarter, compared to analysts’ expectations of $924.90 million. During the same period last year, the business earned $0.27 earnings per share. The business’s quarterly revenue was down 3.0% on a year-over-year basis.

Several research analysts have recently issued reports on CF shares. Sanford C. Bernstein upgraded shares of CF Industries from an “underperform” rating to a “market perform” rating and set a $35.00 target price on the stock in a report on Monday, March 2nd. Bank of America cut shares of CF Industries from a “buy” rating to an “underperform” rating in a report on Monday, May 11th. Morgan Stanley cut their target price on shares of CF Industries from $33.00 to $31.00 and set an “equal weight” rating on the stock in a report on Thursday, June 18th. Cfra cut shares of CF Industries from a “buy” rating to a “sell” rating in a report on Thursday, May 21st. Finally, Stephens cut their target price on shares of CF Industries from $50.00 to $39.00 and set an “equal weight” rating on the stock in a report on Monday, April 13th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the company’s stock. CF Industries currently has an average rating of “Hold” and an average price target of $44.33.

NYSE CF traded up $0.45 on Friday, reaching $28.00. 58,554 shares of the company’s stock traded hands, compared to its average volume of 2,371,575. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.20 and a quick ratio of 0.89. CF Industries has a 12 month low of $19.73 and a 12 month high of $55.15. The stock has a market cap of $5.87 billion, a PE ratio of 12.93, a P/E/G ratio of 3.64 and a beta of 1.09. The stock has a 50-day simple moving average of $28.97 and a 200 day simple moving average of $34.64.

In other CF Industries news, Director David P. Hopkins sold 2,000 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $29.37, for a total transaction of $58,740.00. Following the completion of the transaction, the director now owns 17,200 shares of the company’s stock, valued at $505,164. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.00% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of CF. Royal Fund Management LLC purchased a new position in shares of CF Industries in the 1st quarter worth about $35,000. Exane Derivatives raised its position in shares of CF Industries by 2,859.6% in the 1st quarter. Exane Derivatives now owns 1,391 shares of the basic materials company’s stock worth $38,000 after purchasing an additional 1,344 shares during the last quarter. Robecosam AG raised its position in shares of CF Industries by 14.0% in the 4th quarter. Robecosam AG now owns 19,573 shares of the basic materials company’s stock worth $47,000 after purchasing an additional 2,409 shares during the last quarter. Penserra Capital Management LLC raised its position in shares of CF Industries by 911.6% in the 4th quarter. Penserra Capital Management LLC now owns 1,396 shares of the basic materials company’s stock worth $55,000 after purchasing an additional 1,258 shares during the last quarter. Finally, Parallel Advisors LLC raised its position in shares of CF Industries by 342.3% in the 1st quarter. Parallel Advisors LLC now owns 2,225 shares of the basic materials company’s stock worth $60,000 after purchasing an additional 1,722 shares during the last quarter. 92.45% of the stock is owned by hedge funds and other institutional investors.

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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