CF Industries Holdings, Inc. (NYSE:CF – Get Rating) – Research analysts at Zacks Research increased their Q1 2023 earnings per share estimates for shares of CF Industries in a research report issued on Tuesday, March 14th. Zacks Research analyst A. Barman now anticipates that the basic materials company will post earnings per share of $2.52 for the quarter, up from their prior estimate of $2.51. The consensus estimate for CF Industries’ current full-year earnings is $9.94 per share. Zacks Research also issued estimates for CF Industries’ FY2023 earnings at $8.66 EPS.
A number of other research analysts have also recently issued reports on the stock. Wells Fargo & Company started coverage on shares of CF Industries in a report on Wednesday, January 18th. They issued an “overweight” rating and a $110.00 target price for the company. Mizuho decreased their price target on shares of CF Industries from $105.00 to $101.00 and set a “neutral” rating on the stock in a report on Friday, February 17th. Royal Bank of Canada decreased their target price on CF Industries from $130.00 to $125.00 and set an “outperform” rating for the company in a report on Tuesday, February 21st. Barclays decreased their price target on shares of CF Industries from $120.00 to $115.00 and set an “overweight” rating for the company in a research report on Friday, January 27th. Finally, Scotiabank cut shares of CF Industries from a “sector outperform” rating to a “sector perform” rating and reduced their target price for the stock from $118.00 to $100.00 in a research report on Monday, February 13th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $104.80.
CF Industries Trading Down 2.9 %
CF Industries (NYSE:CF – Get Rating) last issued its quarterly earnings data on Thursday, February 16th. The basic materials company reported $4.35 earnings per share for the quarter, beating analysts’ consensus estimates of $4.13 by $0.22. The business had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.80 billion. CF Industries had a return on equity of 48.59% and a net margin of 29.91%. The company’s revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the firm posted $3.71 earnings per share.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in CF. Morgan Stanley grew its holdings in CF Industries by 101.0% in the 4th quarter. Morgan Stanley now owns 4,014,385 shares of the basic materials company’s stock valued at $342,026,000 after buying an additional 2,017,325 shares in the last quarter. Norges Bank bought a new position in shares of CF Industries in the 4th quarter valued at $159,602,000. Pacer Advisors Inc. lifted its position in shares of CF Industries by 83.1% during the 4th quarter. Pacer Advisors Inc. now owns 1,971,287 shares of the basic materials company’s stock worth $167,954,000 after buying an additional 894,857 shares during the last quarter. Renaissance Technologies LLC grew its position in CF Industries by 331.9% in the second quarter. Renaissance Technologies LLC now owns 1,155,650 shares of the basic materials company’s stock valued at $99,074,000 after acquiring an additional 888,100 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in CF Industries by 78.1% during the 2nd quarter. AQR Capital Management LLC now owns 1,821,699 shares of the basic materials company’s stock worth $154,827,000 after purchasing an additional 799,020 shares in the last quarter. 92.94% of the stock is owned by institutional investors and hedge funds.
CF Industries Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, February 28th. Investors of record on Wednesday, February 15th were paid a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, February 14th. This represents a $1.60 annualized dividend and a dividend yield of 2.26%. CF Industries’s dividend payout ratio is presently 9.80%.
About CF Industries
CF Industries Holdings, Inc engages in the manufacture and distribution of nitrogen fertilizer. The firm owns and operates nitrogen plants and serves agricultural and industrial customers through its distribution system. It operates through following segments: Ammonia, Granular Urea, UAN, AN, and Other.
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