Scotiabank Comments on CF Industries FY2024 Earnings

CF Industries Holdings, Inc. (NYSE:CF - Free Report) - Analysts at Scotiabank issued their FY2024 earnings estimates for CF Industries in a note issued to investors on Monday, November 4th. Scotiabank analyst B. Isaacson expects that the basic materials company will post earnings of $6.37 per share for the year. Scotiabank currently has a "Sector Perform" rating and a $88.00 price objective on the stock. The consensus estimate for CF Industries' current full-year earnings is $6.07 per share. Scotiabank also issued estimates for CF Industries' FY2025 earnings at $5.85 EPS.

Other equities research analysts also recently issued reports about the stock. Wells Fargo & Company increased their price objective on shares of CF Industries from $88.00 to $92.00 and gave the company an "overweight" rating in a research report on Tuesday, September 24th. UBS Group raised their price target on CF Industries from $80.00 to $85.00 and gave the company a "neutral" rating in a research note on Monday, August 26th. Redburn Atlantic initiated coverage on CF Industries in a research report on Friday, October 18th. They set a "neutral" rating and a $77.00 price objective for the company. Barclays raised their target price on CF Industries from $90.00 to $96.00 and gave the stock an "overweight" rating in a research report on Friday, October 11th. Finally, Royal Bank of Canada upped their price target on CF Industries from $95.00 to $100.00 and gave the company an "outperform" rating in a report on Monday. Two investment 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. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $88.08.

CF Industries Stock Up 1.9 %

NYSE:CF traded up $1.56 during mid-day trading on Thursday, hitting $84.64. The stock had a trading volume of 2,201,233 shares, compared to its average volume of 2,079,589. CF Industries has a twelve month low of $69.13 and a twelve month high of $90.86. The stock has a 50-day simple moving average of $83.53 and a two-hundred day simple moving average of $78.57. 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 company has a market capitalization of $14.73 billion, a PE ratio of 13.37, a PEG ratio of 2.37 and a beta of 0.97.

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

Institutional Investors Weigh In On CF Industries

Hedge funds have recently added to or reduced their stakes in the company. Victory Capital Management Inc. increased its holdings in shares of CF Industries by 15.1% in the 3rd quarter. Victory Capital Management Inc. now owns 4,188,648 shares of the basic materials company's stock valued at $359,386,000 after purchasing an additional 549,569 shares in the last quarter. Boston Partners increased its holdings in CF Industries by 37.5% in the first quarter. Boston Partners now owns 3,063,854 shares of the basic materials company's stock valued at $254,920,000 after buying an additional 835,557 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in CF Industries by 7.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,871,116 shares of the basic materials company's stock valued at $212,823,000 after buying an additional 198,246 shares in the last quarter. Earnest Partners LLC boosted its stake in shares of CF Industries by 2.8% during the 2nd quarter. Earnest Partners LLC now owns 2,193,528 shares of the basic materials company's stock worth $162,584,000 after acquiring an additional 59,674 shares in the last quarter. Finally, Sei Investments Co. grew its holdings in shares of CF Industries by 5.1% in the 2nd quarter. Sei Investments Co. now owns 1,422,493 shares of the basic materials company's stock worth $105,435,000 after acquiring an additional 68,834 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, VP Ashraf K. Malik sold 7,201 shares of the firm's stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $90.02, for a total transaction of $648,234.02. Following the transaction, the vice president now owns 29,211 shares of the company's stock, valued at $2,629,574.22. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, VP Ashraf K. Malik sold 7,201 shares of the stock in a transaction 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 sale, the vice president now directly owns 29,211 shares of the company's stock, valued at $2,629,574.22. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Susan L. Menzel sold 2,000 shares of the business's stock in a transaction on Friday, October 4th. The shares were sold at an average price of $90.00, for a total transaction of $180,000.00. Following the completion of the transaction, the executive vice president now directly owns 66,268 shares in the company, valued at $5,964,120. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by company insiders.

CF Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend is Friday, November 15th. CF Industries's payout ratio is currently 31.65%.

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.