CF Industries (CF) Stock Plunging on Earnings Miss

CF Industries (CF) stock is slumping due to the company's 2015 third quarter earnings results.
By Amanda Schiavo ,

NEW YORK (TheStreet) -- Shares of CF Industries (CF) - Get Report are down by 8.38% to $47.49 in mid-morning trading on Thursday, after the fertilizer company reported earnings results for the 2015 third quarter this morning before the open that fell short of analysts' expectations.

The Deerfield Il-based company reported a 31% drop in net earnings of $91 million, or 39 cents per diluted share from $131 million or 52 cents per diluted share for the 2014 third quarter.

Analysts surveyed by Thomson Reuters had forecast for earnings of 73 cents per share for the most recent quarter.

Third quarter sales were $927.4 million, compared to the $887 million in sales analysts had expected.

The company's earnings were hurt by soft demand and excessive global production, which have been weighing on nitrogen fertilizer prices, Reuters reports.

Separately, TheStreet Ratings team rates CF INDUSTRIES HOLDINGS INC as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:

We rate CF INDUSTRIES HOLDINGS INC (CF) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its increase in net income, expanding profit margins and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and disappointing return on equity.

You can view the full analysis from the report here: CF

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Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of Jim Cramer, TheStreet or any of its contributors.

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