Q2 2024 Earnings Forecast for CF Industries Holdings, Inc. Issued By Zacks Research (NYSE:CF)

CF Industries Holdings, Inc. (NYSE:CF) – Research analysts at Zacks Research lifted their Q2 2024 earnings per share (EPS) estimates for CF Industries in a report released on Wednesday, April 17th. Zacks Research analyst M. Agrawal now forecasts that the basic materials company will earn $2.07 per share for the quarter, up from their previous estimate of $1.93. The consensus estimate for CF Industries’ current full-year earnings is $5.85 per share. Zacks Research also issued estimates for CF Industries’ Q3 2024 earnings at $0.74 EPS, FY2024 earnings at $5.47 EPS, Q2 2025 earnings at $2.16 EPS, Q3 2025 earnings at $0.67 EPS, Q4 2025 earnings at $1.53 EPS, FY2025 earnings at $5.26 EPS and FY2026 earnings at $7.13 EPS.

Several other equities research analysts also recently issued reports on CF. Bank of America reiterated a “neutral” rating and issued a $88.00 target price (down from $96.00) on shares of CF Industries in a research note on Wednesday, April 10th. Royal Bank of Canada reiterated an “outperform” rating and set a $95.00 target price on shares of CF Industries in a research note on Friday, February 16th. Wells Fargo & Company dropped their price target on CF Industries from $98.00 to $97.00 and set an “overweight” rating on the stock in a research note on Friday, February 16th. Piper Sandler downgraded shares of CF Industries from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $87.00 to $82.00 in a report on Thursday, February 29th. Finally, Barclays upgraded shares of CF Industries from an “underweight” rating to an “equal weight” rating and set a $85.00 target price for the company in a research note on Friday, January 12th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $87.94.

CF Industries Stock Performance

NYSE CF opened at $79.59 on Thursday. The firm’s fifty day moving average price is $81.40 and its two-hundred day moving average price is $79.77. CF Industries has a 1 year low of $60.08 and a 1 year high of $87.90. The firm has a market capitalization of $14.94 billion, a P/E ratio of 10.15, a price-to-earnings-growth ratio of 2.22 and a beta of 1.03. The company has a current ratio of 3.81, a quick ratio of 3.44 and a debt-to-equity ratio of 0.35.

CF Industries (NYSE:CF) last announced its quarterly earnings data on Thursday, February 15th. The basic materials company reported $1.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.12). CF Industries had a return on equity of 18.44% and a net margin of 23.00%. The company had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the prior year, the company earned $4.35 EPS. The company’s revenue for the quarter was down 39.8% on a year-over-year basis.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Nordea Investment Management AB raised its holdings in CF Industries by 9.5% during the 3rd 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 shares of CF Industries by 926.1% in the 3rd 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 in the last quarter. Comerica Bank lifted its stake in shares of CF Industries by 133.8% in the 3rd quarter. Comerica Bank now owns 54,551 shares of the basic materials company’s stock valued at $4,677,000 after purchasing 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 about $1,627,000. Finally, Raymond James & Associates grew its stake in CF Industries by 25.4% during the fourth quarter. Raymond James & Associates now owns 133,439 shares of the basic materials company’s stock worth $10,608,000 after purchasing an additional 27,027 shares during the period. Institutional investors and hedge funds own 93.06% of the company’s stock.

Insider Buying and Selling at CF Industries

In related news, EVP Bert A. Frost sold 6,000 shares of the business’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $85.00, for a total value of $510,000.00. Following the completion of the transaction, the executive vice president now owns 64,030 shares of the company’s stock, valued at $5,442,550. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.42% of the company’s stock.

CF Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.51%. CF Industries’s dividend payout ratio (DPR) is presently 25.51%.

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.