CF Industries Holdings, Inc. (CF) Announces Quarterly Earnings Results
CF Industries Holdings, Inc. (NYSE:CF) announced its quarterly earnings data on Tuesday. The basic materials company reported ($0.39) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.35) by ($0.04), Bloomberg Earnings reports. CF Industries Holdings had a negative net margin of 9.98% and a negative return on equity of 0.40%. The company had revenue of $870.00 million during the quarter, compared to the consensus estimate of $733.63 million. During the same quarter in the previous year, the firm posted $0.13 EPS. The business’s revenue for the quarter was up 27.9% compared to the same quarter last year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Wednesday, November 15th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $1.20 annualized dividend and a yield of 3.16%. CF Industries Holdings’s payout ratio is -75.47%.
CF has been the subject of several recent research reports. Stifel Nicolaus reiterated a “hold” rating and issued a $28.00 price objective (down previously from $31.00) on shares of CF Industries Holdings in a research report on Monday, July 10th. Royal Bank Of Canada reiterated an “underperform” rating and issued a $23.00 price objective (down previously from $25.00) on shares of CF Industries Holdings in a research report on Wednesday, July 12th. Barclays PLC lowered their price objective on CF Industries Holdings from $31.00 to $29.00 and set an “equal weight” rating for the company in a research report on Thursday, July 13th. ValuEngine downgraded CF Industries Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Finally, Credit Suisse Group downgraded CF Industries Holdings from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $31.00 to $30.00 in a research report on Wednesday, July 26th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. CF Industries Holdings presently has an average rating of “Hold” and an average target price of $33.81.
In related news, VP Bert A. Frost sold 6,400 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $31.53, for a total transaction of $201,792.00. Following the completion of the sale, the vice president now directly owns 59,732 shares of the company’s stock, valued at approximately $1,883,349.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.00% of the stock is currently owned by company insiders.
About CF Industries Holdings
CF Industries Holdings, Inc manufactures and distributes nitrogen fertilizer, and other nitrogen products. The Company’s nitrogen fertilizer products are ammonia, granular urea, urea ammonium nitrate solution (UAN) and ammonium nitrate (AN). Its other nitrogen products include diesel exhaust fluid (DEF), urea liquor, nitric acid and aqua ammonia, which are sold primarily to the Company’s industrial customers, and compound fertilizer products (nitrogen, phosphorus and potassium or NPKs).
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