CF Industries Holdings, Inc. (NYSE:CF) Expected to Announce Quarterly Sales of $3.65 Billion

Brokerages expect that CF Industries Holdings, Inc. (NYSE:CFGet Rating) will post $3.65 billion in sales for the current quarter, according to Zacks. Five analysts have provided estimates for CF Industries’ earnings, with the lowest sales estimate coming in at $3.42 billion and the highest estimate coming in at $3.75 billion. CF Industries posted sales of $1.59 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 129.6%. The firm is expected to issue its next earnings results on Monday, January 1st.

On average, analysts expect that CF Industries will report full-year sales of $11.92 billion for the current year, with estimates ranging from $11.29 billion to $12.52 billion. For the next fiscal year, analysts anticipate that the company will post sales of $9.88 billion, with estimates ranging from $8.25 billion to $11.01 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover CF Industries.

CF Industries (NYSE:CFGet Rating) last posted its earnings results on Wednesday, May 4th. The basic materials company reported $4.21 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $4.21. CF Industries had a return on equity of 35.04% and a net margin of 19.73%. The business had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.62 billion. During the same quarter last year, the firm earned $0.70 earnings per share. The company’s revenue for the quarter was up 173.7% compared to the same quarter last year.

A number of equities analysts recently issued reports on the company. Citigroup lifted their target price on CF Industries from $86.00 to $121.00 and gave the stock a “buy” rating in a report on Tuesday, March 22nd. Royal Bank of Canada decreased their target price on CF Industries from $105.00 to $100.00 and set a “sector perform” rating for the company in a research report on Monday, May 9th. Consumer Edge cut CF Industries from an “overweight” rating to an “equal weight” rating in a research report on Thursday, April 14th. The Goldman Sachs Group raised their target price on CF Industries from $91.00 to $131.00 and gave the stock a “buy” rating in a research report on Wednesday, March 16th. Finally, Piper Sandler lifted their price objective on CF Industries from $88.00 to $120.00 and gave the company an “overweight” rating in a research report on Monday, March 7th. Nine equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, CF Industries currently has an average rating of “Hold” and a consensus target price of $95.09.

In other news, VP Richard A. Hoker sold 4,085 shares of the stock in a transaction on Monday, March 14th. The stock was sold at an average price of $93.93, for a total transaction of $383,704.05. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO W Anthony Will sold 1,098,645 shares of the company’s stock in a transaction on Monday, February 28th. The stock was sold at an average price of $80.27, for a total value of $88,188,234.15. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,214,723 shares of company stock valued at $98,222,888. 0.42% of the stock is owned by corporate insiders.

Institutional investors have recently bought and sold shares of the business. Morgan Stanley grew its stake in CF Industries by 47.4% during the second quarter. Morgan Stanley now owns 1,314,073 shares of the basic materials company’s stock worth $67,609,000 after purchasing an additional 422,514 shares during the period. Alliancebernstein L.P. grew its stake in CF Industries by 2.5% during the third quarter. Alliancebernstein L.P. now owns 422,344 shares of the basic materials company’s stock worth $23,575,000 after purchasing an additional 10,320 shares during the period. Mutual of America Capital Management LLC grew its stake in CF Industries by 0.8% during the third quarter. Mutual of America Capital Management LLC now owns 28,220 shares of the basic materials company’s stock worth $1,575,000 after purchasing an additional 223 shares during the period. Nissay Asset Management Corp Japan ADV grew its stake in CF Industries by 3.7% during the third quarter. Nissay Asset Management Corp Japan ADV now owns 23,067 shares of the basic materials company’s stock worth $1,288,000 after purchasing an additional 832 shares during the period. Finally, American Century Companies Inc. grew its stake in CF Industries by 10.2% during the third quarter. American Century Companies Inc. now owns 25,033 shares of the basic materials company’s stock worth $1,398,000 after purchasing an additional 2,320 shares during the period. Hedge funds and other institutional investors own 93.00% of the company’s stock.

Shares of NYSE CF traded down $0.99 during mid-day trading on Monday, hitting $95.72. The company had a trading volume of 4,033,522 shares, compared to its average volume of 4,078,606. CF Industries has a 12 month low of $43.19 and a 12 month high of $113.49. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.72 and a quick ratio of 1.50. The stock has a market cap of $19.97 billion, a price-to-earnings ratio of 12.34, a PEG ratio of 0.88 and a beta of 1.02. The firm’s 50 day simple moving average is $101.66 and its two-hundred day simple moving average is $82.39.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 31st. Shareholders of record on Monday, May 16th will be given a dividend of $0.40 per share. This is a boost from CF Industries’s previous quarterly dividend of $0.30. The ex-dividend date is Friday, May 13th. This represents a $1.60 annualized dividend and a dividend yield of 1.67%. CF Industries’s payout ratio is presently 20.62%.

CF Industries Company Profile (Get Rating)

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.

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