Brokers Set Expectations for CF Industries Holdings, Inc.’s Q2 2024 Earnings (NYSE:CF)

CF Industries Holdings, Inc. (NYSE:CF) – Analysts at Scotiabank issued their Q2 2024 earnings per share (EPS) estimates for shares of CF Industries in a research note issued on Monday, May 6th. Scotiabank analyst B. Isaacson expects that the basic materials company will post earnings of $2.25 per share for the quarter. Scotiabank has a “Sector Perform” rating and a $80.00 price objective on the stock. The consensus estimate for CF Industries’ current full-year earnings is $5.86 per share. Scotiabank also issued estimates for CF Industries’ FY2025 earnings at $6.57 EPS.

Other equities analysts also recently issued research reports about the stock. Berenberg Bank upped their price objective on shares of CF Industries from $68.00 to $69.00 and gave the stock a “hold” rating in a research report on Wednesday, April 17th. Wolfe Research assumed coverage on CF Industries in a report on Friday, March 1st. They set an “outperform” rating and a $99.00 price objective on the stock. Piper Sandler lowered their price target on CF Industries from $82.00 to $75.00 and set an “underweight” rating on the stock in a report on Tuesday. Bank of America reissued a “neutral” rating and issued a $88.00 target price (down previously from $96.00) on shares of CF Industries in a report on Wednesday, April 10th. Finally, Wells Fargo & Company decreased their price objective on shares of CF Industries from $98.00 to $97.00 and set an “overweight” rating on the stock in a research report on Friday, February 16th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, CF Industries presently has a consensus rating of “Hold” and a consensus target price of $85.00.

CF Industries Trading Up 0.6 %

Shares of CF stock opened at $74.99 on Tuesday. CF Industries has a twelve month low of $60.08 and a twelve month high of $87.90. The company has a current ratio of 3.94, a quick ratio of 3.55 and a debt-to-equity ratio of 0.37. The business’s 50 day moving average is $81.24 and its two-hundred day moving average is $79.15. The company has a market capitalization of $13.71 billion, a P/E ratio of 12.46, a price-to-earnings-growth ratio of 2.11 and a beta of 1.02.

CF Industries (NYSE:CF) last released its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $1.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.44). CF Industries had a return on equity of 14.08% and a net margin of 19.03%. The firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter in the prior year, the business earned $2.85 EPS. The company’s quarterly revenue was down 26.9% compared to the same quarter last year.

Institutional Investors Weigh In On CF Industries

Institutional investors have recently bought and sold shares of the business. Westside Investment Management Inc. purchased a new stake in CF Industries during the 1st quarter worth $25,000. Turtle Creek Wealth Advisors LLC purchased a new stake in CF Industries during the 4th quarter worth approximately $29,000. ORG Partners LLC raised its position in shares of CF Industries by 428.6% in the 3rd quarter. ORG Partners LLC now owns 370 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 300 shares in the last quarter. Bruce G. Allen Investments LLC purchased a new position in shares of CF Industries during the 4th quarter valued at approximately $32,000. Finally, Meeder Asset Management Inc. acquired a new position in CF Industries in the fourth quarter worth about $36,000. 93.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at CF Industries

In other CF Industries news, EVP Bert A. Frost sold 6,000 shares of the company’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $85.00, for a total transaction of $510,000.00. Following the completion of the sale, the executive vice president now directly owns 64,030 shares in the company, valued at $5,442,550. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.48% of the company’s stock.

CF Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $2.00 annualized dividend and a dividend yield of 2.67%. CF Industries’s dividend payout ratio is presently 33.22%.

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.