Wall Street brokerages predict that CF Industries Holdings, Inc. (NYSE:CF) will post sales of $909.28 million for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for CF Industries' earnings, with the highest sales estimate coming in at $932.00 million and the lowest estimate coming in at $886.55 million. CF Industries posted sales of $1.04 billion during the same quarter last year, which would suggest a negative year over year growth rate of 12.6%. The business is scheduled to issue its next quarterly earnings results after the market closes on Wednesday, November 4th.
On average, analysts expect that CF Industries will report full year sales of $4.13 billion for the current financial year, with estimates ranging from $4.09 billion to $4.16 billion. For the next fiscal year, analysts expect that the business will report sales of $4.37 billion, with estimates ranging from $4.28 billion to $4.43 billion. Zacks Investment Research's sales calculations are a mean average based on a survey of research analysts that cover CF Industries.
CF Industries (NYSE:CF) last issued its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $0.89 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.54 by $0.35. CF Industries had a return on equity of 6.76% and a net margin of 8.87%. The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.14 billion.
Several analysts recently commented on the company. Citigroup raised CF Industries from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $29.00 to $38.00 in a report on Friday, August 7th. Bank of America raised CF Industries from an "underperform" rating to a "buy" rating in a report on Monday, July 13th. BofA Securities raised CF Industries from an "underperform" rating to a "buy" rating in a report on Monday, July 13th. Scotiabank reissued a "sector perform" rating on shares of CF Industries in a report on Monday, July 27th. Finally, Zacks Investment Research raised CF Industries from a "hold" rating to a "strong-buy" rating and set a $40.00 price target for the company in a report on Tuesday, August 18th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of "Hold" and an average price target of $40.75.
Shares of CF opened at $28.88 on Tuesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.85 and a quick ratio of 1.40. CF Industries has a one year low of $19.73 and a one year high of $48.88. The firm has a market capitalization of $6.18 billion, a P/E ratio of 16.60, a PEG ratio of 3.21 and a beta of 1.10. The business has a fifty day moving average of $31.75 and a 200 day moving average of $30.20.
A number of hedge funds and other institutional investors have recently made changes to their positions in CF. Greenhaven Associates Inc. purchased a new stake in shares of CF Industries during the 2nd quarter valued at $97,266,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of CF Industries by 15.0% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,969,303 shares of the basic materials company's stock valued at $55,417,000 after purchasing an additional 256,168 shares during the last quarter. Prudential PLC purchased a new stake in shares of CF Industries during the 2nd quarter valued at $40,327,000. Bank of America Corp DE lifted its holdings in shares of CF Industries by 99.4% during the 2nd quarter. Bank of America Corp DE now owns 1,422,114 shares of the basic materials company's stock valued at $40,017,000 after purchasing an additional 708,962 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in CF Industries by 23.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,397,584 shares of the basic materials company's stock worth $39,328,000 after acquiring an additional 262,340 shares during the last quarter. 92.09% of the stock is currently owned by institutional investors and hedge funds.
About CF Industries
CF Industries Holdings, Inc manufactures and distributes nitrogen fertilizers and other nitrogen products worldwide. Its principal nitrogen fertilizer products include ammonia, granular urea, urea ammonium nitrate solution, and ammonium nitrate. The company also offers diesel exhaust fluid, urea liquor, nitric acid, and aqua ammonia products, as well as compound fertilizer products with nitrogen, phosphorus, and potassium.
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