Brokerages Anticipate Chart Industries, Inc. (GTLS) to Post $0.24 Earnings Per Share
Analysts expect Chart Industries, Inc. (NASDAQ:GTLS) to post $0.24 earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have issued estimates for Chart Industries’ earnings. The lowest EPS estimate is $0.24 and the highest is $0.25. Chart Industries posted earnings per share of $0.53 during the same quarter last year, which suggests a negative year over year growth rate of 54.7%. The business is expected to report its next earnings results on Thursday, October 26th.
On average, analysts expect that Chart Industries will report full-year earnings of $0.74 per share for the current fiscal year, with EPS estimates ranging from $0.71 to $0.77. For the next fiscal year, analysts forecast that the company will report earnings of $1.13 per share, with EPS estimates ranging from $0.87 to $1.33. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Chart Industries.
Chart Industries (NASDAQ:GTLS) last announced its earnings results on Thursday, July 27th. The industrial products company reported $0.21 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.21. The firm had revenue of $238.21 million for the quarter, compared to analyst estimates of $225.76 million. Chart Industries had a net margin of 1.35% and a return on equity of 3.28%. The company’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.72 EPS.
A number of research firms have recently commented on GTLS. Cowen and Company set a $38.00 price target on shares of Chart Industries and gave the stock a “hold” rating in a report on Friday. BidaskClub upgraded shares of Chart Industries from a “sell” rating to a “hold” rating in a report on Friday. Zacks Investment Research upgraded shares of Chart Industries from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Finally, Johnson Rice upgraded shares of Chart Industries from a “hold” rating to a “buy” rating and upped their price target for the stock from $40.00 to $42.00 in a report on Thursday, June 29th. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $40.43.
A number of hedge funds and other institutional investors have recently modified their holdings of GTLS. Teton Advisors Inc. acquired a new position in shares of Chart Industries during the first quarter valued at about $2,536,000. Comerica Bank boosted its position in shares of Chart Industries by 3.6% in the first quarter. Comerica Bank now owns 35,139 shares of the industrial products company’s stock valued at $1,295,000 after buying an additional 1,224 shares during the last quarter. Suntrust Banks Inc. boosted its position in shares of Chart Industries by 0.7% in the first quarter. Suntrust Banks Inc. now owns 12,440 shares of the industrial products company’s stock valued at $434,000 after buying an additional 82 shares during the last quarter. Capital Fund Management S.A. acquired a new position in shares of Chart Industries during the first quarter valued at about $549,000. Finally, Great West Life Assurance Co. Can boosted its position in shares of Chart Industries by 5.6% in the first quarter. Great West Life Assurance Co. Can now owns 42,176 shares of the industrial products company’s stock valued at $1,473,000 after buying an additional 2,221 shares during the last quarter. Institutional investors own 85.88% of the company’s stock.
Shares of Chart Industries (NASDAQ:GTLS) traded up 1.05% during midday trading on Friday, hitting $34.61. 240,311 shares of the stock were exchanged. The firm has a 50 day moving average of $34.71 and a 200-day moving average of $35.70. The stock has a market cap of $1.06 billion, a P/E ratio of 91.32 and a beta of 1.28. Chart Industries has a 12 month low of $27.01 and a 12 month high of $40.87.
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Chart Industries Company Profile
Chart Industries, Inc is a diversified global manufacturer of engineered equipment, packaged solutions, and value-add services used throughout the industrial gas, energy and biomedical industries. The Company operates through three business segments: Energy & Chemicals (E&C), Distribution & Storage (D&S) and BioMedical.
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