Brokerages predict that Chart Industries, Inc. (NASDAQ:GTLS) will report earnings per share (EPS) of $0.85 for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Chart Industries’ earnings. The lowest EPS estimate is $0.79 and the highest is $0.91. Chart Industries posted earnings of $0.76 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 11.8%. The company is expected to issue its next quarterly earnings results on Thursday, October 17th.
On average, analysts expect that Chart Industries will report full-year earnings of $3.01 per share for the current year, with EPS estimates ranging from $2.87 to $3.15. For the next year, analysts anticipate that the business will report earnings of $5.10 per share, with EPS estimates ranging from $4.51 to $6.07. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that follow Chart Industries.
Chart Industries (NASDAQ:GTLS) last announced its earnings results on Thursday, July 18th. The industrial products company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.61 by $0.07. The business had revenue of $309.60 million during the quarter, compared to the consensus estimate of $322.35 million. Chart Industries had a net margin of 7.34% and a return on equity of 8.67%. Chart Industries’s revenue was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.48 EPS.
GTLS has been the subject of several research analyst reports. ValuEngine downgraded shares of Chart Industries from a “hold” rating to a “sell” rating in a report on Saturday, August 10th. Morgan Stanley lifted their target price on shares of Chart Industries from $90.00 to $100.00 and gave the stock an “overweight” rating in a report on Tuesday, July 23rd. Zacks Investment Research raised shares of Chart Industries from a “sell” rating to a “hold” rating in a report on Wednesday, August 14th. BidaskClub downgraded shares of Chart Industries from a “sell” rating to a “strong sell” rating in a report on Monday, August 12th. Finally, Raymond James raised shares of Chart Industries from a “market perform” rating to an “outperform” rating and set a $72.00 target price for the company in a report on Tuesday, August 13th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $85.43.
Shares of GTLS stock traded up $0.73 during midday trading on Wednesday, hitting $63.07. 399,151 shares of the company were exchanged, compared to its average volume of 451,016. The firm has a market capitalization of $2.26 billion, a P/E ratio of 31.22 and a beta of 1.08. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.36 and a current ratio of 2.00. The firm’s 50 day moving average price is $69.98 and its two-hundred day moving average price is $80.23. Chart Industries has a 52 week low of $57.88 and a 52 week high of $95.66.
In other Chart Industries news, Director Carey Chen acquired 3,403 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was purchased at an average price of $59.73 per share, with a total value of $203,261.19. Following the acquisition, the director now directly owns 5,500 shares of the company’s stock, valued at approximately $328,515. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.28% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Norges Bank bought a new stake in Chart Industries in the fourth quarter valued at about $22,427,000. Geode Capital Management LLC boosted its position in shares of Chart Industries by 8.7% during the fourth quarter. Geode Capital Management LLC now owns 351,182 shares of the industrial products company’s stock worth $22,837,000 after buying an additional 27,985 shares during the period. State of Alaska Department of Revenue boosted its position in shares of Chart Industries by 2.0% during the first quarter. State of Alaska Department of Revenue now owns 10,648 shares of the industrial products company’s stock worth $963,000 after buying an additional 210 shares during the period. Louisiana State Employees Retirement System boosted its position in shares of Chart Industries by 1.1% during the first quarter. Louisiana State Employees Retirement System now owns 11,800 shares of the industrial products company’s stock worth $1,068,000 after buying an additional 123 shares during the period. Finally, Sciencast Management LP acquired a new position in shares of Chart Industries during the first quarter worth approximately $459,000.
About Chart Industries
Chart Industries, Inc manufactures and sells engineered equipment and packaged solutions; and provides value-add services for the energy and industrial gas industries worldwide. It operates through three segments: Energy & Chemicals, Distribution & Storage Western Hemisphere, and Distribution & Storage Eastern Hemisphere segments.
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