FY2024 EPS Estimate for CF Industries Increased by Analyst

CF Industries Holdings, Inc. (NYSE:CF) – Investment analysts at Zacks Research boosted their FY2024 earnings per share (EPS) estimates for CF Industries in a research report issued to clients and investors on Friday, January 17th. Zacks Research analyst R. Department now anticipates that the basic materials company will post earnings per share of $6.36 for the year, up from their prior estimate of $6.31. The consensus estimate for CF Industries’ current full-year earnings is $6.37 per share. Zacks Research also issued estimates for CF Industries’ Q4 2024 earnings at $1.48 EPS, Q1 2025 earnings at $1.32 EPS, Q2 2025 earnings at $1.90 EPS, Q3 2025 earnings at $0.81 EPS, FY2025 earnings at $5.34 EPS and Q1 2026 earnings at $1.49 EPS.

Several other brokerages also recently weighed in on CF. Wells Fargo & Company upped their target price on CF Industries from $88.00 to $92.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 24th. Piper Sandler raised shares of CF Industries from an “underweight” rating to an “overweight” rating and increased their price objective for the company from $79.00 to $105.00 in a research report on Monday, January 13th. Royal Bank of Canada cut shares of CF Industries from an “outperform” rating to a “sector perform” rating and set a $100.00 target price on the stock. in a research report on Tuesday. Barclays lowered shares of CF Industries from an “overweight” rating to an “equal weight” rating and raised their price target for the company from $96.00 to $100.00 in a report on Tuesday. Finally, Oppenheimer initiated coverage on shares of CF Industries in a report on Thursday, December 12th. They issued an “outperform” rating and a $114.00 price objective on the stock. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $92.69.

CF Industries Stock Down 3.5 %

Shares of CF Industries stock opened at $93.59 on Monday. CF Industries has a twelve month low of $69.13 and a twelve month high of $98.25. The stock has a market cap of $16.29 billion, a price-to-earnings ratio of 14.81, a price-to-earnings-growth ratio of 0.73 and a beta of 0.98. 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 fifty day moving average price of $88.81 and a 200 day moving average price of $83.32.

CF Industries (NYSE:CF) last issued its earnings results on Wednesday, October 30th. The basic materials company reported $1.55 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter in the previous year, the business earned $0.85 EPS. The company’s revenue for the quarter was up 7.6% on a year-over-year basis.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Envestnet Asset Management Inc. boosted its position in shares of CF Industries by 8.4% during the second quarter. Envestnet Asset Management Inc. now owns 280,628 shares of the basic materials company’s stock worth $20,800,000 after buying an additional 21,766 shares during the period. Mercer Global Advisors Inc. ADV increased its holdings in shares of CF Industries by 2.5% during the second quarter. Mercer Global Advisors Inc. ADV now owns 12,972 shares of the basic materials company’s stock valued at $961,000 after purchasing an additional 312 shares during the period. Vanguard Personalized Indexing Management LLC raised its stake in shares of CF Industries by 1.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 18,309 shares of the basic materials company’s stock valued at $1,357,000 after purchasing an additional 252 shares in the last quarter. Sei Investments Co. lifted its holdings in CF Industries by 5.1% in the second quarter. Sei Investments Co. now owns 1,422,493 shares of the basic materials company’s stock worth $105,435,000 after purchasing an additional 68,834 shares during the period. Finally, Westwood Holdings Group Inc. grew its position in CF Industries by 6.2% in the 2nd quarter. Westwood Holdings Group Inc. now owns 3,399 shares of the basic materials company’s stock valued at $252,000 after buying an additional 197 shares in the last quarter. 93.06% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at CF Industries

In other news, EVP Bert A. Frost sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $88.00, for a total transaction of $264,000.00. Following the completion of the transaction, the executive vice president now directly owns 103,155 shares of the company’s stock, valued at approximately $9,077,640. This represents a 2.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Ashraf K. Malik sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $90.78, for a total value of $635,460.00. Following the transaction, the vice president now owns 22,211 shares of the company’s stock, valued at $2,016,314.58. This represents a 23.96 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,389 shares of company stock worth $2,355,425. 0.48% of the stock is currently owned by corporate insiders.

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.