Chart Industries Inc. Expected to Post FY2016 Earnings of $0.90 Per Share (GTLS)
Chart Industries Inc. (NASDAQ:GTLS) – Investment analysts at Gabelli issued their FY2016 EPS estimates for Chart Industries in a research report issued to clients and investors on Tuesday. Gabelli analyst M. Trusz anticipates that the brokerage will post earnings per share of $0.90 for the year. Gabelli has a “Buy” rating and a $51.00 price target on the stock. Gabelli also issued estimates for Chart Industries’ FY2017 earnings at $0.90 EPS, FY2018 earnings at $1.40 EPS, FY2019 earnings at $1.90 EPS and FY2020 earnings at $2.15 EPS.
Other analysts have also issued reports about the company. Evercore ISI lowered Chart Industries from a “buy” rating to a “hold” rating and set a $29.00 target price on the stock. in a research report on Thursday, August 4th. Zacks Investment Research raised Chart Industries from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. Chart Industries presently has an average rating of “Hold” and an average target price of $31.44.
Shares of Chart Industries (NASDAQ:GTLS) opened at 32.28 on Thursday. Chart Industries has a 52-week low of $13.27 and a 52-week high of $34.06. The firm’s market capitalization is $987.54 million. The firm’s 50-day moving average price is $31.55 and its 200-day moving average price is $27.15.
Chart Industries (NASDAQ:GTLS) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.60. Chart Industries had a positive return on equity of 4.55% and a negative net margin of 21.63%. The company earned $247.10 million during the quarter, compared to analysts’ expectations of $222.95 million. During the same period last year, the firm earned $0.60 EPS. The firm’s revenue for the quarter was down 8.6% on a year-over-year basis.
Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Chart Industries by 4.0% in the second quarter. Vanguard Group Inc. now owns 2,452,120 shares of the company’s stock worth $59,170,000 after buying an additional 94,829 shares during the last quarter. BlackRock Fund Advisors increased its position in shares of Chart Industries by 3.0% in the second quarter. BlackRock Fund Advisors now owns 2,080,675 shares of the company’s stock worth $50,207,000 after buying an additional 59,715 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Chart Industries by 14.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,392,014 shares of the company’s stock worth $33,589,000 after buying an additional 174,348 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its position in shares of Chart Industries by 1.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 750,380 shares of the company’s stock worth $16,298,000 after buying an additional 11,228 shares during the last quarter. Finally, State Street Corp increased its position in shares of Chart Industries by 2.7% in the second quarter. State Street Corp now owns 638,288 shares of the company’s stock worth $15,401,000 after buying an additional 16,884 shares during the last quarter. Institutional investors own 88.30% of the company’s stock.
About Chart Industries
Chart Industries, Inc (Chart) is a diversified manufacturer of engineered equipment for the industrial gas, energy, and biomedical industries. The Company’s equipment and engineered systems are used for low-temperature and cryogenic applications. It operates through three segments, including Energy & Chemicals (E&C), Distribution & Storage (D&S), and BioMedical.
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