CF Industries (NYSE:CF) Issues Quarterly Earnings Results, Misses Expectations By $0.44 EPS

CF Industries (NYSE:CF) issued its quarterly earnings results on Wednesday. The basic materials company reported $1.03 EPS for the quarter, missing the consensus estimate of $1.47 by ($0.44), Briefing.com reports. The business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.46 billion. CF Industries had a net margin of 19.03% and a return on equity of 14.08%. The business’s quarterly revenue was down 26.9% on a year-over-year basis. During the same period in the prior year, the business earned $2.85 EPS.

CF Industries Stock Up 0.3 %

CF Industries stock opened at $74.09 on Friday. The stock has a market capitalization of $13.91 billion, a price-to-earnings ratio of 12.31, a PEG ratio of 2.10 and a beta of 1.02. The company has a current ratio of 3.94, a quick ratio of 3.44 and a debt-to-equity ratio of 0.37. The stock has a 50 day moving average of $81.46 and a two-hundred day moving average of $79.37. CF Industries has a twelve month low of $60.08 and a twelve month high of $87.90.

CF Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.70%. The ex-dividend date is Tuesday, May 14th. CF Industries’s dividend payout ratio (DPR) is presently 33.22%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Berenberg Bank boosted their target price on CF Industries from $68.00 to $69.00 and gave the stock a “hold” rating in a research note on Wednesday, April 17th. Piper Sandler downgraded CF Industries from a “neutral” rating to an “underweight” rating and lowered their price objective for the stock from $87.00 to $82.00 in a research report on Thursday, February 29th. Bank of America reaffirmed a “neutral” rating and issued a $88.00 target price (down previously from $96.00) on shares of CF Industries in a report on Wednesday, April 10th. Barclays raised shares of CF Industries from an “underweight” rating to an “equal weight” rating and set a $85.00 price objective on the stock in a research report on Friday, January 12th. Finally, Wells Fargo & Company lowered their target price on shares of CF Industries from $98.00 to $97.00 and set an “overweight” rating for the company in a research note on Friday, February 16th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $85.14.

Insiders Place Their Bets

In other news, EVP Bert A. Frost sold 6,000 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $85.00, for a total transaction of $510,000.00. Following the transaction, 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 filing with the SEC, which is accessible through the SEC website. 0.42% of the stock is currently owned by company insiders.

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.