Q2 2024 EPS Estimates for CF Industries Holdings, Inc. Lifted by Analyst (NYSE:CF)

CF Industries Holdings, Inc. (NYSE:CF - Free Report) - Stock analysts at Zacks Research raised their Q2 2024 earnings per share (EPS) estimates for CF Industries in a report issued on Wednesday, April 17th. Zacks Research analyst M. Agrawal now anticipates that the basic materials company will post earnings of $2.07 per share for the quarter, up from their prior forecast of $1.93. The consensus estimate for CF Industries' current full-year earnings is $5.85 per share. Zacks Research also issued estimates for CF Industries' Q3 2024 earnings at $0.74 EPS, FY2024 earnings at $5.47 EPS, Q2 2025 earnings at $2.16 EPS, Q3 2025 earnings at $0.67 EPS, Q4 2025 earnings at $1.53 EPS, FY2025 earnings at $5.26 EPS and FY2026 earnings at $7.13 EPS.

CF has been the subject of several other research reports. Piper Sandler cut CF Industries from a "neutral" rating to an "underweight" rating and cut their price objective for the stock from $87.00 to $82.00 in a research report on Thursday, February 29th. Bank of America reissued a "neutral" rating and set a $88.00 price objective (down previously from $96.00) on shares of CF Industries in a research report on Wednesday, April 10th. Royal Bank of Canada reissued an "outperform" rating and set a $95.00 price objective on shares of CF Industries in a research report on Friday, February 16th. Wolfe Research began coverage on CF Industries in a research note on Friday, March 1st. They set an "outperform" rating and a $99.00 price target on the stock. Finally, UBS Group downgraded CF Industries from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $95.00 to $83.00 in a research report on Wednesday, January 31st. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $87.94.

CF Industries Stock Performance

Shares of NYSE CF traded up $1.79 during trading hours on Thursday, hitting $79.59. 4,155,914 shares of the company's stock were exchanged, compared to its average volume of 2,534,546. CF Industries has a 1-year low of $60.08 and a 1-year high of $87.90. The company has a debt-to-equity ratio of 0.35, a current ratio of 3.81 and a quick ratio of 3.44. The stock has a market capitalization of $14.94 billion, a price-to-earnings ratio of 10.15, a PEG ratio of 2.22 and a beta of 1.03. The company's 50-day moving average price is $81.40 and its 200-day moving average price is $79.77.

CF Industries (NYSE:CF - Get Free Report) last announced its quarterly earnings results on Thursday, February 15th. The basic materials company reported $1.44 earnings per share for the quarter, missing analysts' consensus estimates of $1.56 by ($0.12). CF Industries had a return on equity of 18.44% and a net margin of 23.00%. The company had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same period in the prior year, the firm earned $4.35 EPS. CF Industries's quarterly revenue was down 39.8% on a year-over-year basis.

CF Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.51%. CF Industries's payout ratio is presently 25.51%.

Insider Transactions at CF Industries

In related news, EVP Bert A. Frost sold 6,000 shares of the firm's stock in a transaction on 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 of the company's stock, valued at approximately $5,442,550. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.42% of the stock is currently owned by insiders.

Institutional Investors Weigh In On CF Industries

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Coppell Advisory Solutions Corp. bought a new position in CF Industries in the 4th quarter valued at $26,000. Turtle Creek Wealth Advisors LLC bought a new position in CF Industries in the 4th quarter valued at $29,000. ORG Partners LLC boosted its position in 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 buying an additional 300 shares during the last quarter. Clear Street Markets LLC boosted its position in CF Industries by 92.5% in the 1st quarter. Clear Street Markets LLC now owns 385 shares of the basic materials company's stock valued at $28,000 after buying an additional 185 shares during the last quarter. Finally, Bruce G. Allen Investments LLC bought a new position in CF Industries in the 4th quarter valued at $32,000. 93.06% of the stock is owned by institutional investors and hedge funds.

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.