CVR Partners (NYSE:UAN) Releases Earnings Results

CVR Partners (NYSE:UAN - Get Free Report) announced its quarterly earnings data on Monday. The basic materials company reported $2.56 EPS for the quarter, Zacks reports. The firm had revenue of $142.87 million for the quarter. CVR Partners had a return on equity of 20.61% and a net margin of 11.59%.

CVR Partners Trading Down 0.1 %

Shares of NYSE:UAN traded down $0.11 on Friday, reaching $79.23. 18,722 shares of the company traded hands, compared to its average volume of 31,992. The stock has a market capitalization of $1.36 billion, a P/E ratio of 13.76 and a beta of 0.89. The business's 50-day simple moving average is $74.67 and its 200 day simple moving average is $75.53. The company has a current ratio of 2.10, a quick ratio of 1.44 and a debt-to-equity ratio of 1.94. CVR Partners has a 52 week low of $62.94 and a 52 week high of $88.94.

CVR Partners Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, March 3rd were paid a $1.75 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This is an increase from CVR Partners's previous quarterly dividend of $1.19. This represents a $7.00 annualized dividend and a yield of 8.84%. CVR Partners's payout ratio is currently 126.79%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of CVR Partners from a "buy" rating to a "strong-buy" rating in a research report on Wednesday.

Insider Activity

In other news, major shareholder Carl C. Icahn bought 5,308 shares of the firm's stock in a transaction that occurred on Monday, April 21st. The shares were bought at an average cost of $73.87 per share, with a total value of $392,101.96. Following the completion of the purchase, the insider now directly owns 267,253 shares in the company, valued at $19,741,979.11. This represents a 2.03 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. In the last quarter, insiders purchased 51,742 shares of company stock valued at $3,739,884.

CVR Partners Company Profile

CVR Partners, LP, together with its subsidiaries, engages in the production and sale of nitrogen fertilizer products in the United States. The company offers ammonia products for agricultural and industrial customers; and urea ammonium nitrate products to agricultural customers, as well as retailers and distributors.