CF Industries Holdings, Inc. (NYSE:CF) to Post Q1 2024 Earnings of $1.43 Per Share, Zacks Research Forecasts

CF Industries Holdings, Inc. (NYSE:CF - Free Report) - Stock analysts at Zacks Research boosted their Q1 2024 earnings per share (EPS) estimates for CF Industries in a research report issued to clients and investors on Wednesday, April 17th. Zacks Research analyst M. Agrawal now forecasts that the basic materials company will earn $1.43 per share for the quarter, up from their prior forecast of $1.37. The consensus estimate for CF Industries' current full-year earnings is $5.86 per share. Zacks Research also issued estimates for CF Industries' Q1 2025 earnings at $0.90 EPS and Q1 2026 earnings at $1.53 EPS.

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

Other equities research analysts have also recently issued reports about the company. Royal Bank of Canada reissued an "outperform" rating and issued a $95.00 target price on shares of CF Industries in a research note on Friday, February 16th. Piper Sandler downgraded CF Industries from a "neutral" rating to an "underweight" rating and lowered their price target for the company from $87.00 to $82.00 in a report on Thursday, February 29th. Wells Fargo & Company lowered their price target on CF Industries from $98.00 to $97.00 and set an "overweight" rating on the stock in a report on Friday, February 16th. Berenberg Bank upped their price target on CF Industries from $68.00 to $69.00 and gave the company a "hold" rating in a report on Wednesday. Finally, Wolfe Research assumed coverage on CF Industries in a report on Friday, March 1st. They set an "outperform" rating and a $99.00 price target on the stock. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $87.94.

CF Industries Stock Down 0.2 %

CF stock traded down $0.12 during midday trading on Friday, hitting $79.47. The stock had a trading volume of 1,503,336 shares, compared to its average volume of 2,520,984. The firm has a market cap of $14.92 billion, a price-to-earnings ratio of 10.14, a price-to-earnings-growth ratio of 2.21 and a beta of 1.03. The business has a 50-day moving average of $81.43 and a two-hundred day moving average of $79.74. CF Industries has a 52-week low of $60.08 and a 52-week 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.

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 $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.52%. CF Industries's dividend payout ratio (DPR) is currently 25.51%.

Insider Transactions at CF Industries

In other news, EVP Bert A. Frost sold 6,000 shares of the firm's stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $85.00, for a total value of $510,000.00. Following the transaction, the executive vice president now owns 64,030 shares of the company's stock, valued at $5,442,550. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.42% of the company's stock.

Hedge Funds Weigh In On CF Industries

Institutional investors and hedge funds have recently modified their holdings of the stock. Norges Bank bought a new stake in shares of CF Industries during the 4th quarter worth approximately $193,145,000. Morgan Stanley lifted its stake in shares of CF Industries by 101.0% during the 4th quarter. Morgan Stanley now owns 4,014,385 shares of the basic materials company's stock worth $342,026,000 after acquiring an additional 2,017,325 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of CF Industries by 221.8% during the 1st quarter. First Trust Advisors LP now owns 2,825,115 shares of the basic materials company's stock worth $204,793,000 after acquiring an additional 1,947,268 shares during the last quarter. Boston Partners bought a new stake in CF Industries during the 3rd quarter valued at $160,475,000. Finally, Bank of New York Mellon Corp raised its position in CF Industries by 34.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 5,213,654 shares of the basic materials company's stock valued at $447,019,000 after purchasing an additional 1,329,677 shares in the last quarter. Hedge funds and other institutional investors own 93.06% of the company's stock.

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.