CF Industries (NYSE:CF) Posts Earnings Results, Beats Estimates By $0.50 EPS

CF Industries (NYSE:CF) posted its quarterly earnings data on Wednesday. The basic materials company reported $2.30 EPS for the quarter, beating the consensus estimate of $1.80 by $0.50, Briefing.com reports. CF Industries had a return on equity of 14.08% and a net margin of 19.03%. The firm had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same period in the prior year, the company earned $2.70 EPS. The firm’s revenue was down 11.4% compared to the same quarter last year.

CF Industries Trading Up 0.3 %

CF Industries stock traded up $0.24 during midday trading on Friday, reaching $79.77. 1,554,091 shares of the stock traded hands, compared to its average volume of 2,275,662. The company has a 50-day simple moving average of $73.94 and a two-hundred day simple moving average of $77.47. The company has a current ratio of 3.94, a quick ratio of 3.55 and a debt-to-equity ratio of 0.37. The firm has a market cap of $14.58 billion, a PE ratio of 13.25, a price-to-earnings-growth ratio of 2.44 and a beta of 0.95. CF Industries has a 12-month low of $69.13 and a 12-month high of $87.90.

CF Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Thursday, August 15th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date is Thursday, August 15th. CF Industries’s dividend payout ratio (DPR) is 33.22%.

Wall Street Analyst Weigh In

Several research analysts recently commented on CF shares. Royal Bank of Canada reduced their price objective on CF Industries from $90.00 to $85.00 and set an “outperform” rating for the company in a research note on Monday, July 15th. Bank of America raised their target price on CF Industries from $76.00 to $83.00 and gave the stock a “neutral” rating in a research note on Friday. Berenberg Bank raised their target price on CF Industries from $68.00 to $69.00 and gave the stock a “hold” rating in a research note on Wednesday, April 17th. UBS Group raised their target price on CF Industries from $78.00 to $80.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, BMO Capital Markets raised their target price on CF Industries from $95.00 to $100.00 and gave the stock an “outperform” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $83.91.

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.