Chart Industries, Inc. (NASDAQ:GTLS) – Analysts at Seaport Global Securities raised their FY2017 earnings per share (EPS) estimates for shares of Chart Industries in a report released on Friday. Seaport Global Securities analyst W. Liptak now anticipates that the industrial products company will post earnings per share of $0.85 for the year, up from their previous forecast of $0.80. Seaport Global Securities currently has a “Buy” rating and a $58.00 price objective on the stock. Seaport Global Securities also issued estimates for Chart Industries’ Q4 2017 earnings at $0.33 EPS and Q2 2018 earnings at $0.40 EPS.

Several other equities analysts have also weighed in on GTLS. Zacks Investment Research lowered Chart Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. BidaskClub lowered Chart Industries from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Cowen and Company set a $38.00 price target on Chart Industries and gave the company a “hold” rating in a research note on Friday, August 4th. Johnson Rice restated a “buy” rating and issued a $48.00 price target (up previously from $42.00) on shares of Chart Industries in a research note on Monday, October 2nd. Finally, Northcoast Research upgraded Chart Industries from a “neutral” rating to a “buy” rating and set a $51.00 price target for the company in a research note on Monday, October 9th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Chart Industries has an average rating of “Hold” and a consensus price target of $47.83.

ILLEGAL ACTIVITY NOTICE: “Chart Industries, Inc. Expected to Earn FY2017 Earnings of $0.85 Per Share (GTLS)” was first posted by Daily Political and is the sole property of of Daily Political. If you are accessing this report on another website, it was stolen and reposted in violation of US & international copyright laws. The legal version of this report can be viewed at https://www.dailypolitical.com/2017/11/01/chart-industries-inc-expected-to-earn-fy2017-earnings-of-0-85-per-share-gtls.html.

Chart Industries (GTLS) opened at 43.50 on Monday. The company has a market cap of $1.34 billion, a price-to-earnings ratio of 114.78 and a beta of 1.28. The stock has a 50 day moving average price of $40.67 and a 200-day moving average price of $36.23. Chart Industries has a 1-year low of $27.47 and a 1-year high of $45.69.

Chart Industries (NASDAQ:GTLS) last released its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.07. The firm had revenue of $240.50 million during the quarter, compared to analyst estimates of $235.96 million. Chart Industries had a positive return on equity of 2.25% and a negative net margin of 0.21%. The business’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.53 earnings per share.

A number of hedge funds have recently bought and sold shares of GTLS. Karp Capital Management Corp acquired a new stake in Chart Industries in the 1st quarter worth about $361,000. Prudential Financial Inc. boosted its holdings in Chart Industries by 1.0% in the 1st quarter. Prudential Financial Inc. now owns 52,935 shares of the industrial products company’s stock worth $1,850,000 after buying an additional 550 shares during the last quarter. SG Americas Securities LLC boosted its holdings in Chart Industries by 29.1% in the 1st quarter. SG Americas Securities LLC now owns 4,665 shares of the industrial products company’s stock worth $163,000 after buying an additional 1,052 shares during the last quarter. OppenheimerFunds Inc. boosted its holdings in Chart Industries by 25.5% in the 1st quarter. OppenheimerFunds Inc. now owns 18,728 shares of the industrial products company’s stock worth $655,000 after buying an additional 3,803 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in Chart Industries by 0.9% in the 1st quarter. Principal Financial Group Inc. now owns 239,031 shares of the industrial products company’s stock worth $8,352,000 after buying an additional 2,246 shares during the last quarter. Institutional investors own 85.56% of the company’s stock.

About Chart Industries

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.

Earnings History and Estimates for Chart Industries (NASDAQ:GTLS)

Receive News & Ratings for Chart Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chart Industries Inc. and related companies with MarketBeat.com's FREE daily email newsletter.