CVR Partners LP (UAN) Expected to Post Earnings of -$0.10 Per Share

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Equities analysts expect CVR Partners LP (NYSE:UAN) to report ($0.10) earnings per share (EPS) for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for CVR Partners’ earnings. CVR Partners reported earnings of ($0.28) per share during the same quarter last year, which would indicate a positive year over year growth rate of 64.3%. The business is expected to issue its next earnings report on Wednesday, November 7th.

On average, analysts expect that CVR Partners will report full year earnings of ($0.51) per share for the current fiscal year. For the next year, analysts expect that the firm will post earnings of ($0.44) per share. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that follow CVR Partners.

CVR Partners (NYSE:UAN) last announced its quarterly earnings data on Wednesday, July 25th. The basic materials company reported ($0.15) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by ($0.07). The business had revenue of $93.20 million during the quarter. CVR Partners had a negative return on equity of 17.40% and a negative net margin of 29.47%.

Several brokerages have recently issued reports on UAN. Zacks Investment Research raised shares of CVR Partners from a “sell” rating to a “hold” rating in a research note on Tuesday, July 3rd. ValuEngine raised shares of CVR Partners from a “sell” rating to a “hold” rating in a research note on Saturday, June 2nd.

Shares of UAN traded down $0.05 during mid-day trading on Friday, hitting $3.65. The company’s stock had a trading volume of 6,637 shares, compared to its average volume of 134,270. The stock has a market capitalization of $425.94 million, a P/E ratio of -5.84 and a beta of 1.35. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.99 and a quick ratio of 1.10. CVR Partners has a fifty-two week low of $2.70 and a fifty-two week high of $4.20.

Institutional investors and hedge funds have recently made changes to their positions in the company. UBS Group AG increased its position in shares of CVR Partners by 39.1% in the first quarter. UBS Group AG now owns 86,110 shares of the basic materials company’s stock worth $279,000 after acquiring an additional 24,191 shares in the last quarter. Bank of America Corp DE increased its position in shares of CVR Partners by 350.6% in the second quarter. Bank of America Corp DE now owns 74,669 shares of the basic materials company’s stock worth $246,000 after acquiring an additional 58,099 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of CVR Partners by 19.1% in the first quarter. Wells Fargo & Company MN now owns 440,154 shares of the basic materials company’s stock worth $1,431,000 after acquiring an additional 70,721 shares in the last quarter. Deutsche Bank AG increased its position in shares of CVR Partners by 283.4% in the fourth quarter. Deutsche Bank AG now owns 98,795 shares of the basic materials company’s stock worth $323,000 after acquiring an additional 73,028 shares in the last quarter. Finally, First Manhattan Co. purchased a new position in shares of CVR Partners in the second quarter worth approximately $363,000. 32.86% of the stock is currently owned by institutional investors.

About CVR Partners

CVR Partners, LP produces, distributes, and markets nitrogen fertilizer products in the United States. It offers ammonia products for agricultural and industrial customers; and urea ammonium nitrate products to agricultural customers, as well as retailers and distributors. CVR GP, LLC serves as the general partner of the company.

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