Scotiabank Predicts CF Industries FY2024 Earnings

CF Industries Holdings, Inc. (NYSE:CF) – Analysts at Scotiabank issued their FY2024 EPS estimates for CF Industries in a research report issued to clients and investors on Monday, November 4th. Scotiabank analyst B. Isaacson forecasts that the basic materials company will post earnings per share of $6.37 for the year. Scotiabank 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 $5.98 per share. Scotiabank also issued estimates for CF Industries’ FY2025 earnings at $5.85 EPS.

Other equities research analysts have also issued reports about the stock. Mizuho increased their target price on shares of CF Industries from $76.00 to $93.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Barclays lifted their target price on CF Industries from $90.00 to $96.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. Royal Bank of Canada increased their price target on CF Industries from $95.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday. Redburn Atlantic assumed coverage on CF Industries in a report on Friday, October 18th. They set a “neutral” rating and a $77.00 price objective on the stock. Finally, UBS Group boosted their price objective on CF Industries from $80.00 to $85.00 and gave the company a “neutral” rating in a research report on Monday, August 26th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five 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 target price of $88.08.

CF Industries Stock Performance

Shares of NYSE:CF opened at $83.08 on Thursday. The firm’s 50 day simple moving average is $83.53 and its 200 day simple moving average is $78.57. CF Industries has a fifty-two week low of $69.13 and a fifty-two week high of $90.86. The company has a market capitalization of $14.46 billion, a price-to-earnings ratio of 13.15, a P/E/G ratio of 2.34 and a beta of 0.97. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.81 and a quick ratio of 2.52.

CF Industries (NYSE:CF) last released its earnings results on Wednesday, October 30th. The basic materials company reported $1.55 earnings per share for the quarter, beating 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 return on equity of 14.57% and a net margin of 19.45%. The company’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.85 earnings per share.

Hedge Funds Weigh In On CF Industries

A number of hedge funds and other institutional investors have recently bought and sold shares of CF. Concurrent Investment Advisors LLC lifted its stake 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 worth $269,000 after buying an additional 140 shares during the last quarter. Bleakley Financial Group LLC boosted its holdings in shares of CF Industries by 4.8% during the first quarter. Bleakley Financial Group LLC now owns 3,089 shares of the basic materials company’s stock worth $257,000 after acquiring an additional 141 shares during the period. First Horizon Advisors Inc. grew its position in shares of CF Industries by 8.5% in the second quarter. First Horizon Advisors Inc. now owns 1,869 shares of the basic materials company’s stock valued at $139,000 after purchasing an additional 146 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its position in shares of CF Industries by 28.1% in the second quarter. Massmutual Trust Co. FSB ADV now owns 761 shares of the basic materials company’s stock valued at $56,000 after purchasing an additional 167 shares during the last quarter. Finally, UMB Bank n.a. increased its stake in shares of CF Industries by 40.4% during the second quarter. UMB Bank n.a. now owns 664 shares of the basic materials company’s stock worth $49,000 after purchasing an additional 191 shares during the period. Institutional investors own 93.06% of the company’s stock.

Insider Activity at CF Industries

In other news, VP Ashraf K. Malik sold 7,201 shares of the 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 directly owns 29,211 shares in the company, valued at $2,629,574.22. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, VP Ashraf K. Malik sold 7,201 shares of the company’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 sale, the vice president now owns 29,211 shares in the company, valued at $2,629,574.22. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Susan L. Menzel sold 2,000 shares of the firm’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 of the company’s stock, 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. 0.42% of the stock is owned by insiders.

CF Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.41%. The ex-dividend date of this dividend is Friday, November 15th. CF Industries’s payout ratio is 31.65%.

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.