FY2024 EPS Estimates for CF Industries Holdings, Inc. (NYSE:CF) Increased by Analyst

CF Industries Holdings, Inc. (NYSE:CF) – Scotiabank lifted their FY2024 earnings estimates for shares of CF Industries in a research note issued on Monday, May 6th. Scotiabank analyst B. Isaacson now anticipates that the basic materials company will post earnings of $7.06 per share for the year, up from their prior forecast of $5.66. Scotiabank currently has a “Sector Perform” rating and a $80.00 target price on the stock. The consensus estimate for CF Industries’ current full-year earnings is $5.86 per share.

CF Industries (NYSE:CF) last announced its earnings results on Wednesday, May 1st. The basic materials company reported $1.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.47 by ($0.44). The company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.46 billion. CF Industries had a return on equity of 14.08% and a net margin of 19.03%. The firm’s revenue was down 26.9% on a year-over-year basis. During the same quarter last year, the firm posted $2.85 earnings per share.

Several other analysts also recently weighed in on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $95.00 price target on shares of CF Industries in a research note on Friday, February 16th. Berenberg Bank upped their price objective on shares of CF Industries from $68.00 to $69.00 and gave the company a “hold” rating in a research note on Wednesday, April 17th. Piper Sandler lowered their price objective on shares of CF Industries from $82.00 to $75.00 and set an “underweight” rating for the company in a research note on Tuesday. BMO Capital Markets lowered their price objective on shares of CF Industries from $100.00 to $95.00 and set an “outperform” rating for the company in a research note on Monday. Finally, Bank of America reaffirmed a “neutral” rating and set a $88.00 price objective (down from $96.00) on shares of CF Industries in a research note on Wednesday, April 10th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $85.00.

CF Industries Stock Performance

CF Industries stock opened at $74.99 on Wednesday. The company has a quick ratio of 3.55, a current ratio of 3.94 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $13.71 billion, a PE ratio of 12.46, a P/E/G ratio of 2.11 and a beta of 1.02. The firm has a fifty day simple moving average of $81.24 and a two-hundred day simple moving average of $79.15. CF Industries has a twelve month low of $60.08 and a twelve month high of $87.90.

Institutional Investors Weigh In On CF Industries

A number of institutional investors have recently made changes to their positions in CF. Nordea Investment Management AB boosted its holdings in CF Industries by 9.5% in the third quarter. Nordea Investment Management AB now owns 18,942 shares of the basic materials company’s stock worth $1,635,000 after purchasing an additional 1,636 shares during the last quarter. Teachers Retirement System of The State of Kentucky raised its position in CF Industries by 926.1% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 183,711 shares of the basic materials company’s stock worth $15,751,000 after acquiring an additional 165,808 shares during the period. Comerica Bank raised its position in CF Industries by 133.8% in the third quarter. Comerica Bank now owns 54,551 shares of the basic materials company’s stock worth $4,677,000 after acquiring an additional 31,215 shares during the period. Klein Pavlis & Peasley Financial Inc. bought a new stake in shares of CF Industries during the 4th quarter valued at $1,627,000. Finally, Raymond James & Associates raised its position in shares of CF Industries by 25.4% during the 4th quarter. Raymond James & Associates now owns 133,439 shares of the basic materials company’s stock valued at $10,608,000 after purchasing an additional 27,027 shares during the period. Hedge funds and other institutional investors own 93.06% of the company’s stock.

Insiders Place Their Bets

In other CF Industries news, EVP Bert A. Frost sold 6,000 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $85.00, for a total value of $510,000.00. Following the sale, the executive vice president now owns 64,030 shares in the company, valued at $5,442,550. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.48% of the company’s stock.

CF Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date of this dividend is Tuesday, May 14th. CF Industries’s dividend payout ratio (DPR) is presently 33.22%.

CF Industries Company Profile

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.