CF Industries (NYSE:CF) Releases Quarterly Earnings Results, Beats Estimates By $0.40 EPS

CF Industries (NYSE:CF) issued its quarterly earnings results on Wednesday. The basic materials company reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.40, Zacks reports. CF Industries had a net margin of 20.52% and a return on equity of 15.33%. The firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.50 billion.

CF Industries Trading Down 4.3 %

CF opened at $80.22 on Friday. The business’s 50 day moving average price is $88.14 and its 200 day moving average price is $85.46. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.52 and a current ratio of 2.81. The stock has a market capitalization of $13.96 billion, a PE ratio of 11.85, a P/E/G ratio of 0.39 and a beta of 0.98. CF Industries has a one year low of $69.13 and a one year high of $98.25.

CF Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.49%. The ex-dividend date of this dividend is Friday, February 14th. CF Industries’s payout ratio is presently 29.54%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. UBS Group decreased their target price on CF Industries from $92.00 to $90.00 and set a “neutral” rating on the stock in a research report on Thursday. Piper Sandler raised their price objective on CF Industries from $105.00 to $115.00 and gave the company an “overweight” rating in a report on Monday, January 27th. JPMorgan Chase & Co. cut shares of CF Industries from a “neutral” rating to an “underweight” rating and lowered their target price for the stock from $82.00 to $75.00 in a research note on Friday, January 24th. Royal Bank of Canada cut shares of CF Industries from an “outperform” rating to a “sector perform” rating and set a $100.00 target price for the company. in a research report on Tuesday, January 21st. Finally, Barclays lowered shares of CF Industries from an “overweight” rating to an “equal weight” rating and boosted their price target for the stock from $96.00 to $100.00 in a research report on Tuesday, January 21st. Three research analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, CF Industries currently has an average rating of “Hold” and an average price target of $92.29.

Insider Buying and Selling at CF Industries

In other CF Industries news, EVP Susan L. Menzel sold 1,500 shares of CF Industries stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $96.00, for a total transaction of $144,000.00. Following the completion of the sale, the executive vice president now directly owns 92,486 shares in the company, valued at $8,878,656. This trade represents a 1.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Ashraf K. Malik sold 8,889 shares of the stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $95.00, for a total transaction of $844,455.00. Following the transaction, the vice president now directly owns 15,871 shares of the company’s stock, valued at $1,507,745. The trade was a 35.90 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 15,389 shares of company stock worth $1,455,965 over the last quarter. 0.42% of the stock is currently owned by company insiders.

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.