Northcoast Research Analysts Reduce Earnings Estimates for Chart Industries, Inc. (GTLS)
Chart Industries, Inc. (NASDAQ:GTLS) – Equities research analysts at Northcoast Research lowered their Q4 2018 EPS estimates for Chart Industries in a report released on Wednesday, November 21st. Northcoast Research analyst T. Hayes now anticipates that the industrial products company will earn $0.53 per share for the quarter, down from their previous forecast of $0.64. Northcoast Research also issued estimates for Chart Industries’ Q2 2019 earnings at $0.68 EPS, Q3 2019 earnings at $0.92 EPS, Q4 2019 earnings at $0.81 EPS, FY2019 earnings at $2.95 EPS, Q1 2020 earnings at $0.78 EPS, Q3 2020 earnings at $1.30 EPS and FY2020 earnings at $4.26 EPS.
Chart Industries (NASDAQ:GTLS) last announced its earnings results on Thursday, October 18th. The industrial products company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.19. Chart Industries had a net margin of 5.69% and a return on equity of 8.31%. The company had revenue of $272.20 million during the quarter, compared to analyst estimates of $314.52 million. During the same period in the previous year, the business earned $0.22 earnings per share. The firm’s quarterly revenue was up 34.3% compared to the same quarter last year.
Shares of NASDAQ:GTLS opened at $62.36 on Thursday. Chart Industries has a 52-week low of $43.50 and a 52-week high of $80.31. The firm has a market capitalization of $1.90 billion, a P/E ratio of 64.96, a P/E/G ratio of 1.04 and a beta of 1.24. The company has a quick ratio of 1.53, a current ratio of 2.13 and a debt-to-equity ratio of 0.60.
A number of institutional investors have recently bought and sold shares of the business. Legal & General Group Plc lifted its stake in Chart Industries by 7.2% in the third quarter. Legal & General Group Plc now owns 72,934 shares of the industrial products company’s stock worth $5,701,000 after purchasing an additional 4,877 shares during the last quarter. Rehmann Capital Advisory Group lifted its stake in Chart Industries by 7,461.2% in the third quarter. Rehmann Capital Advisory Group now owns 124,231 shares of the industrial products company’s stock worth $1,586,000 after purchasing an additional 122,588 shares during the last quarter. Penn Capital Management Co. Inc. bought a new stake in Chart Industries in the third quarter worth $1,430,000. Teachers Advisors LLC lifted its stake in Chart Industries by 3.5% in the third quarter. Teachers Advisors LLC now owns 61,911 shares of the industrial products company’s stock worth $4,849,000 after purchasing an additional 2,087 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in Chart Industries by 26.6% in the third quarter. AQR Capital Management LLC now owns 13,824 shares of the industrial products company’s stock worth $1,083,000 after purchasing an additional 2,906 shares during the last quarter.
About Chart Industries
Chart Industries, Inc manufactures and sells engineered equipment, packaged solutions, and value-add services for the industrial gas, energy, and biomedical industries worldwide. It operates in three segments: Energy & Chemicals (E&C), Distribution & Storage (D&S), and BioMedical. The E&C segment primarily provides brazed aluminum heat exchangers, Core-in-Kettle heat exchangers, air cooled heat exchangers, cold boxes, and process systems, as well as axial cooling fans for power, heating, ventilation, air conditioning, and refining end user applications.
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