|Bid||37.00 x 800|
|Ask||0.00 x 1800|
|Day's Range||40.39 - 41.76|
|52 Week Range||25.65 - 45.00|
|PE Ratio (TTM)||27.23|
|Forward Dividend & Yield||1.20 (2.85%)|
|1y Target Est||N/A|
Brazil remains a volatile spot for fertilizer producers (XLB) such as Mosaic (MOS), Nutrien (NTR), and CF Industries (CF). Last week, MAP (monoammonium phosphate) prices in Brazil recovered after hitting a low of $420 per metric ton in recent weeks.
Natural gas prices in most locations in North America rose last week, according to the latest EIA (Energy Information Administration) weekly report on natural gas.
Urea prices continued to decline last week in both NOLA (New Orleans) and Brazil. However, prices remained higher than they were in the corresponding week last year.
Last week was broadly positive for the agribusiness sector. The VanEck Vectors Agribusiness ETF (MOO) ended in positive territory with a rise of 32 basis points. YTD (year-to-date), this ETF returned 1.7% as of May 11, which outperformed the S&P 500 Index’s (SPY) loss of 0.6%.
In the fiscal second quarter, Deere & Company’s (DE) Construction & Forestry segment reported revenue of $2.7 billion, an 84% rise compared to the same quarter of the previous year, in which it reported revenue of $1.5 billion. The segment’s revenue growth was mainly driven by the company’s acquisition of Wirtgen Group. The Construction & Forestry segment reported an operating profit of $259.0 million in the fiscal second quarter, a rise of 133.3% from the corresponding quarter of the previous year, in which it reported an operating profit of $111.0 million.
Deere & Company’s (DE) Agriculture & Turf segment is its largest revenue generator. In the past three years, the segment’s second-quarter revenue has remained flat, but its revenue growth in this quarter has been a welcome development for Deere. The segment’s revenue growth was primarily driven by higher shipment volumes.
There is a lot to be liked about CF Industries Holdings Inc (NYSE:CF) as an income stock, over the past 10 years it has returned an average of 2.00% perRead More...
Stifel Nicolaus raised its price target to $43 from $37, and Morgan Stanley raised its price target to $37 from $24. CF Industries and Mosaic (MOS) are the two largest fertilizer companies, producing nitrogen and phosphate fertilizers, respectively.
The S&P 500’s top losses on May 16 were: Idexx Laboratories (IDXX) declined 4.6% IQVIA Holdings (IQV) declined 2.9% CF Industries Holdings (CF) declined 2.9% Akamai Technologies (AKAM) declined 2.2% Centerpoint Energy (CNP) declined 2.2% Idexx Laboratories
CF Industries (CF) reported its 1Q18 earnings on May 2 after the market closed. Since then, the stock is about 1% higher as of May 10 at $39.41. While the company beat analysts’ EPS (earnings per share) estimates, the stock took a beating due to a weaker-than-expected quarter. To learn more about CF Industries’ earnings, read Snapshot: CF Industries Reports Its 1Q18 Earnings.
Sociedad Química y Minera de Chile (SQM) has continued to give a lackluster performance compared to its 2017 rally. The stock is trading almost 4% lower YTD (year-to-date), while peer (LIT) Albemarle (ALB) is down almost 23%, and FMC (FMC) is down almost 7.6% YTD as of May 10.
Have you been keeping an eye on CF Industries Holdings Inc’s (NYSE:CF) upcoming dividend of $0.3 per share payable on the 31 May 2018? Then you only have 3 daysRead More...
Like DAP (diammonium phosphate) prices last week, MAP (monoammonium phosphate) prices were broadly flat to positive WoW (week-over-week) but stayed higher YoY (year-over-year). MAP prices in Brazil rose 71 basis points WoW to $424 per metric ton from $421 per metric ton, and 16% YoY from $365 per metric ton. NOLA (New Orleans) MAP prices were flat WoW at $381 per metric ton but rose ~23% YoY from $310 per metric ton.
Last week, the Fertilizer Affordability Index dipped further, indicating that the affordability of fertilizers such as nitrogen, phosphorous, and potassium had improved. Week-over-week, the index fell to 0.61 from 0.64, indicating higher fertilizer affordability. The Fertilizer Affordability Index is issued by The Mosaic Company (MOS), which indexes it to one in the base year of 2005. The index also breaks down affordability by fertilizer type.
Last week was broadly negative for urea prices, with average NOLA (New Orleans) and Brazilian prices declining WoW (week-over-week). Also, CF Industries (CF) reported its earnings on May 2 and gave some updates on urea prices. Let’s look at these developments.
The Mosaic Company (MOS) announced its 1Q18 earnings after the market closed on May 7. It posted adjusted EPS (earnings per share) of $0.11.
Sales growth and gross income growth are also expected to trickle down to Mosaic’s (MOS) EBITDA (earnings before interest, tax, depreciation, and amortization) estimates.
Earlier in this series, we discussed how Mosaic’s (MOS) sales are estimated to grow 12% year-over-year in 1Q18 and by as much as 17% in the next four quarters. This growth is estimated to translate into higher gross margins as we see below. Wall Street analysts are estimating gross income of $262 million for Mosaic in 1Q18, which is almost double last year’s gross income.
Mosaic (MOS) plans to announce its 1Q18 earnings on May 7 after the market closes. The stock has had a positive run so far this year with a YTD (year-to-date) gain of 5.3%, outperforming Nutrien (NTR), CVR Partners (UAN), and CF Industries (CF). EPS expectations
Last week, urea prices at the two locations discussed below were broadly mixed compared to last week’s levels. However, prices still maintained a double-digit gain compared to the corresponding week a year ago in 2017.
CF Industries (CF) reported its 1Q18 earnings on May 2, after the market closed. The company reported EPS (earnings per share) of $0.27, beating analysts’ estimate of $0.26 and its 1Q17 EPS of -$0.10.
On a per-share basis, the Deerfield, Illinois-based company said it had net income of 27 cents. The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment ...
Last week, the EIA (U.S. Energy Information Administration) reported that the natural gas prices were broadly lower week-over-week from April 18 to April 25. Natural gas price movements are important for nitrogen and phosphate fertilizer producers (MOO) such as CF Industries (CF), Mosaic (MOS), Nutrien (NTR), and Israel Chemicals (ICL).