CF Industries Holdings, Inc. manufactures and sells hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities worldwide. Its principal products include anhydrous ammonia, granular urea, urea ammonium nitrate, and ammonium nitrate products. The company also offers diesel exhaust fluid, urea liquor, nitric acid, and aqua ammonia products; and compound fertilizer products with nitrogen, phosphorus, and potassium. It primarily serves cooperatives, independent fertilizer distributors, traders, wholesalers, and industrial users. The company was founded in 1946 and is headquartered in Deerfield, Illinois.
CF Industries Trading Down 1.8 %
CF opened at $102.63 on Tuesday. CF Industries has a 52 week low of $43.19 and a 52 week high of $113.49. The business has a fifty day simple moving average of $90.19 and a 200-day simple moving average of $92.36. The firm has a market cap of $20.45 billion, a P/E ratio of 8.41, a P/E/G ratio of 0.89 and a beta of 1.06. The company has a quick ratio of 2.95, a current ratio of 3.41 and a debt-to-equity ratio of 0.39.
CF Industries (NYSE:CF - Get Rating) last released its quarterly earnings results on Monday, August 1st. The basic materials company reported $6.19 EPS for the quarter, missing the consensus estimate of $6.23 by ($0.04). CF Industries had a return on equity of 49.10% and a net margin of 25.28%. The firm had revenue of $3.39 billion for the quarter, compared to analysts' expectations of $3.50 billion. During the same quarter in the prior year, the business earned $1.14 earnings per share. The company's quarterly revenue was up 113.4% on a year-over-year basis. On average, equities analysts expect that CF Industries will post 19.51 earnings per share for the current year.
CF Industries Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 31st. Stockholders of record on Monday, August 15th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, August 12th. This represents a $1.60 annualized dividend and a dividend yield of 1.56%. CF Industries's dividend payout ratio is currently 13.11%.
Wall Street Analysts Forecast Growth
Several analysts have weighed in on the company. Royal Bank of Canada boosted their price target on CF Industries from $100.00 to $110.00 and gave the company a "sector perform" rating in a research note on Thursday, July 14th. Barclays raised CF Industries from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $103.00 to $120.00 in a report on Wednesday, August 10th. Citigroup raised CF Industries from a "neutral" rating to a "buy" rating and set a $117.00 price objective for the company in a report on Wednesday, August 3rd. Credit Suisse Group boosted their price objective on CF Industries from $73.00 to $78.00 and gave the company an "underperform" rating in a report on Tuesday, August 2nd. Finally, Mizuho boosted their price objective on CF Industries from $81.00 to $120.00 in a report on Friday, April 29th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $97.84.
Insider Transactions at CF Industries
In other news, VP Richard A. Hoker sold 6,684 shares of the stock in a transaction on Monday, June 6th. The stock was sold at an average price of $94.90, for a total value of $634,311.60. Following the sale, the vice president now directly owns 45,243 shares in the company, valued at $4,293,560.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.42% of the company's stock.