CF Industries (NYSE:CF) Announces Earnings Results

CF Industries (NYSE:CF) issued its quarterly earnings data on Wednesday. The basic materials company reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.80 by $0.50, Briefing.com reports. The business had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.52 billion. CF Industries had a return on equity of 14.08% and a net margin of 19.03%. The business’s revenue was down 11.4% on a year-over-year basis. During the same period in the previous year, the firm posted $2.70 earnings per share.

CF Industries Stock Performance

Shares of NYSE CF traded up $0.24 during mid-day trading on Friday, hitting $79.77. The company had a trading volume of 1,554,091 shares, compared to its average volume of 2,275,662. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.94 and a quick ratio of 3.55. The business’s 50-day simple moving average is $73.94 and its 200-day simple moving average is $77.47. CF Industries has a 12 month low of $69.13 and a 12 month high of $87.90. The firm has a market cap of $14.58 billion, a P/E ratio of 13.25, a PEG ratio of 2.44 and a beta of 0.95.

CF Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Thursday, August 15th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date is Thursday, August 15th. CF Industries’s dividend payout ratio (DPR) is 33.22%.

Analyst Ratings Changes

CF has been the subject of a number of recent research reports. Barclays cut their price objective on CF Industries from $85.00 to $80.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 23rd. Bank of America increased their target price on CF Industries from $76.00 to $83.00 and gave the company a “neutral” rating in a report on Friday. Royal Bank of Canada reduced their target price on CF Industries from $90.00 to $85.00 and set an “outperform” rating for the company in a report on Monday, July 15th. Scotiabank dropped their price target on shares of CF Industries from $86.00 to $80.00 and set a “sector perform” rating on the stock in a research note on Monday, May 6th. Finally, UBS Group upped their price target on shares of CF Industries from $78.00 to $80.00 and gave the stock a “neutral” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $83.91.

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.