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[jim1234]

CF Article news out 300pm today

http://finance.yahoo.com/news/cf-industries-cf-announces-five-192007106.html

CF Industries (CF) Announces Five-for-One Stock Split - Analyst Blog
Zacks By Zacks Equity Research
1 hour ago
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CF Industries Holdings Inc.’s CF) board of directors has declared a split of the company’s common stock, which will be effected in the form of a stock dividend. The board has approved a five-for-one stock split.

Shareholders of record as of the close of business as of Jun 1, 2015 will receive four additional shares of common stock for each share of common stock. Shares issued after the stock split will be distributed on Jun 17, 2015. CF Industries expects that its common stock will start trading on a split-adjusted basis on Jun 18, 2015.

CF Industries’ strong financial and share price performance led to the stock split, which is the company’s first since its initial public offering in 2005.

CF Industries saw a 67.5% fall in its net earnings for first-quarter 2015 to $230.6 million or $4.79 per share from $708.5 million or $12.90 a year ago. However, adjusted earnings (excluding one-time items) of $4.83 per share topped the Zacks Consensus Estimate of $4.61.

Sales slipped 15.8% year over year to $953.6 million in the quarter and missed the Zacks Consensus Estimate of $965 million. Sales declined mainly due to lower sales volumes in ammonia and urea ammonium nitrate solution (UAN) and lower average prices in the granular urea, UAN and other segments, which more than offset higher average price for ammonia and higher granular urea sales volumes.

CF Industries expects to deliver a strong performance in the second quarter compared with overall market conditions. The company anticipates robust nitrogen demand for 2015 based on expectations of over 89 million acres of corn to be planted in 2015 and strong industrial demand.

CF Industries currently carries a Zacks Rank #3 (Hold).

Better-ranked companies in the basic materials sector include LyondellBasell Industries N.V. LYB, Celanese Corporation CE) and Intrepid Potash, Inc. IPI. While LyondellBasell and Celanese sport a Zacks Rank #1 (Strong Buy), Intrepid Potash carries a Zacks Rank #2 (Buy).