Brokerages Expect CVR Partners LP (UAN) Will Announce Earnings of -$0.13 Per Share

Wall Street analysts expect CVR Partners LP (NYSE:UAN) to post earnings per share (EPS) of ($0.13) for the current fiscal quarter, Zacks reports. Zero analysts have made estimates for CVR Partners’ earnings. CVR Partners reported earnings of ($0.09) per share during the same quarter last year, which indicates a negative year-over-year growth rate of 44.4%. The company is scheduled to issue its next quarterly earnings report on Thursday, April 26th.

On average, analysts expect that CVR Partners will report full year earnings of ($0.60) per share for the current year. For the next financial year, analysts forecast that the company will report earnings of ($0.44) per share. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that cover CVR Partners.

CVR Partners (NYSE:UAN) last released its earnings results on Thursday, February 22nd. The basic materials company reported ($0.24) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by ($0.10). CVR Partners had a negative return on equity of 12.39% and a negative net margin of 22.01%. The business had revenue of $78.20 million for the quarter, compared to analysts’ expectations of $75.19 million. During the same quarter last year, the company posted ($0.13) earnings per share. The business’s quarterly revenue was down 7.9% compared to the same quarter last year.

Separately, Cowen upgraded CVR Partners from a “market perform” rating to an “outperform” rating in a report on Monday, March 5th. Three equities research analysts have rated the stock with a sell rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $5.00.

Shares of CVR Partners stock traded down $0.01 during trading hours on Monday, reaching $3.03. The stock had a trading volume of 80,217 shares, compared to its average volume of 413,624. The company has a market cap of $344.38, a price-to-earnings ratio of -4.73 and a beta of 1.28. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.12 and a quick ratio of 1.16. CVR Partners has a 1 year low of $2.58 and a 1 year high of $5.05.

Institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings in shares of CVR Partners by 2,522.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 212,197 shares of the basic materials company’s stock worth $703,000 after purchasing an additional 204,104 shares during the period. GSA Capital Partners LLP purchased a new position in shares of CVR Partners in the 3rd quarter worth about $417,000. Goldman Sachs Group Inc. raised its holdings in shares of CVR Partners by 47.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 5,358,106 shares of the basic materials company’s stock worth $17,575,000 after purchasing an additional 1,723,144 shares during the period. Virtu Financial LLC raised its holdings in shares of CVR Partners by 568.7% in the 4th quarter. Virtu Financial LLC now owns 157,391 shares of the basic materials company’s stock worth $516,000 after purchasing an additional 133,855 shares during the period. Finally, Raging Capital Management LLC raised its holdings in shares of CVR Partners by 1.7% in the 4th quarter. Raging Capital Management LLC now owns 9,572,033 shares of the basic materials company’s stock worth $31,396,000 after purchasing an additional 157,489 shares during the period. Institutional investors own 30.94% of the company’s stock.

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About CVR Partners

CVR Partners LP is a holding company, which engages in the nitrogen fertilizer business. Its products include ammonia and urea ammonium nitrate fertilizers. The company was founded on June 1, 2007 and is headquartered in Sugar Land, TX.

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