CVR Partners (NYSE:UAN) Posts Earnings Results, Misses Expectations By $2.64 EPS

Key Points

• CVR Partners reported a significant earnings miss: quarterly EPS was negative $1.02 versus analysts’ expectation of $1.62, while revenue of $146.15 million fell short of the $165.40 million estimate.
• Shares declined 2.1% to $124.14 following the results. The stock has traded between $93.43 and $139.50 over the past year, with a market capitalization of approximately $1.31 billion.
• Analyst sentiment remains moderately positive, with one Buy and one Hold rating and a consensus target price of $124.00.

CVR Partners (NYSE:UAN - Get Free Report) issued its quarterly earnings results on Tuesday. The basic materials company reported ($1.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.62 by ($2.64), Zacks reports. CVR Partners had a return on equity of 51.56% and a net margin of 23.67%. The firm had revenue of $146.15 million during the quarter, compared to analyst estimates of $165.40 million.

CVR Partners Stock Down 2.1%

UAN stock opened at $124.14 on Tuesday. The company has a market cap of $1.31 billion, a price-to-earnings ratio of 8.19 and a beta of 0.21. The company has a current ratio of 3.01, a quick ratio of 2.11 and a debt-to-equity ratio of 1.64. CVR Partners has a 12 month low of $93.43 and a 12 month high of $139.50. The firm has a 50-day moving average of $127.94 and a two-hundred day moving average of $121.59.

Analyst Ratings Changes

Several research analysts recently commented on the company. Weiss Ratings reissued a "buy (b)" rating on shares of CVR Partners in a research note on Tuesday, August 11th. Freedom Broker started coverage on shares of CVR Partners in a research note on Tuesday, October 27th. They set a "hold" rating and a $124.00 target price on the stock. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, CVR Partners presently has a consensus rating of "Moderate Buy" and an average target price of $124.00.

About CVR Partners

CVR Partners, LP NYSE: UAN is a nitrogen fertilizer producer organized as a master limited partnership and managed by CVR GP, LLC. The company manufactures and sells nitrogen-based fertilizers used primarily in agricultural applications.

Its principal products are ammonia and urea ammonium nitrate (UAN) solution. Ammonia is sold directly to agricultural customers and other users, while UAN is a liquid fertilizer commonly applied to crops. CVR Partners markets its products to distributors, retailers, and agricultural customers.

CVR Partners operates production facilities in Coffeyville, Kansas, and East Dubuque, Illinois.

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