Chart Industries, Inc. Expected to Earn FY2017 Earnings of $0.85 Per Share (GTLS)
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.
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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.
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