Q4 Earnings Estimate for CF Industries Issued By Scotiabank

CF Industries Holdings, Inc. (NYSE:CF - Free Report) - Investment analysts at Scotiabank issued their Q4 2024 earnings estimates for CF Industries in a report issued on Monday, November 4th. Scotiabank analyst B. Isaacson expects that the basic materials company will earn $1.49 per share for the quarter. Scotiabank currently has a "Sector Perform" rating and a $88.00 price target on the stock. The consensus estimate for CF Industries' current full-year earnings is $5.98 per share.

CF Industries (NYSE:CF - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.05 by $0.50. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.28 billion. CF Industries had a net margin of 19.45% and a return on equity of 14.57%. CF Industries's revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period last year, the business earned $0.85 EPS.

CF has been the subject of several other reports. Royal Bank of Canada increased their price target on shares of CF Industries from $95.00 to $100.00 and gave the stock an "outperform" rating in a report on Monday. Redburn Atlantic started coverage on CF Industries in a report on Friday, October 18th. They issued a "neutral" rating and a $77.00 price target for the company. Barclays upped their price objective on CF Industries from $90.00 to $96.00 and gave the stock an "overweight" rating in a report on Friday, October 11th. BMO Capital Markets boosted their target price on shares of CF Industries from $95.00 to $100.00 and gave the stock an "outperform" rating in a research report on Friday, August 9th. Finally, UBS Group increased their price target on shares of CF Industries from $80.00 to $85.00 and gave the company a "neutral" rating in a report on Monday, August 26th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $88.08.

CF Industries Stock Performance

Shares of NYSE CF traded down $3.48 during midday trading on Wednesday, reaching $83.08. 3,272,661 shares of the company were exchanged, compared to its average volume of 2,079,022. CF Industries has a 1 year low of $69.13 and a 1 year high of $90.86. The stock has a fifty day simple moving average of $83.51 and a 200 day simple moving average of $78.54. The company has a current ratio of 2.81, a quick ratio of 2.52 and a debt-to-equity ratio of 0.38. The stock has a market cap of $14.46 billion, a P/E ratio of 13.17, a PEG ratio of 2.34 and a beta of 0.97.

CF Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date is Friday, November 15th. CF Industries's payout ratio is 31.65%.

Insider Buying and Selling

In other news, VP Ashraf K. Malik sold 7,201 shares of the company's stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $90.02, for a total transaction of $648,234.02. Following the completion of the transaction, the vice president now owns 29,211 shares in the company, valued at approximately $2,629,574.22. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, VP Ashraf K. Malik sold 7,201 shares of the business's stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $90.02, for a total transaction of $648,234.02. Following the completion of the transaction, the vice president now directly owns 29,211 shares in the company, valued at approximately $2,629,574.22. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Susan L. Menzel sold 2,000 shares of CF Industries stock in a transaction on Friday, October 4th. The shares were sold at an average price of $90.00, for a total value of $180,000.00. Following the sale, the executive vice president now directly owns 66,268 shares in the company, valued at $5,964,120. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.48% of the company's stock.

Institutional Trading of CF Industries

A number of institutional investors have recently made changes to their positions in CF. Concurrent Investment Advisors LLC boosted its position in shares of CF Industries by 4.5% during the 1st quarter. Concurrent Investment Advisors LLC now owns 3,236 shares of the basic materials company's stock valued at $269,000 after purchasing an additional 140 shares in the last quarter. Bleakley Financial Group LLC lifted its position in shares of CF Industries by 4.8% during the 1st quarter. Bleakley Financial Group LLC now owns 3,089 shares of the basic materials company's stock valued at $257,000 after acquiring an additional 141 shares during the last quarter. First Horizon Advisors Inc. boosted its stake in shares of CF Industries by 8.5% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,869 shares of the basic materials company's stock worth $139,000 after acquiring an additional 146 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its holdings in shares of CF Industries by 28.1% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 761 shares of the basic materials company's stock worth $56,000 after acquiring an additional 167 shares during the last quarter. Finally, UMB Bank n.a. grew its holdings in shares of CF Industries by 40.4% in the 2nd quarter. UMB Bank n.a. now owns 664 shares of the basic materials company's stock worth $49,000 after acquiring an additional 191 shares during the last quarter. 93.06% of the stock is owned by institutional investors and hedge funds.

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.