Chart Industries, Inc. (NASDAQ:GTLS) – Northcoast Research lifted their Q3 2017 earnings per share estimates for Chart Industries in a report released on Monday. Northcoast Research analyst T. Hayes now expects that the industrial products company will post earnings of $0.24 per share for the quarter, up from their previous estimate of $0.23. Northcoast Research also issued estimates for Chart Industries’ Q4 2017 earnings at $0.28 EPS and Q1 2018 earnings at $0.18 EPS.
Several other brokerages also recently issued reports on GTLS. Zacks Investment Research downgraded Chart Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. BidaskClub downgraded Chart Industries from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Finally, Johnson Rice upgraded Chart Industries from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $40.00 to $42.00 in a research report on Thursday, June 29th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $39.14.
Shares of Chart Industries (NASDAQ:GTLS) opened at 33.82 on Tuesday. Chart Industries has a 12-month low of $27.01 and a 12-month high of $40.87. The firm has a market capitalization of $1.04 billion, a PE ratio of 89.00 and a beta of 1.28. The stock has a 50 day moving average price of $34.71 and a 200 day moving average price of $35.70.
Chart Industries (NASDAQ:GTLS) last posted its quarterly earnings data on Thursday, July 27th. The industrial products company reported $0.21 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.21. Chart Industries had a return on equity of 3.28% and a net margin of 1.35%. The company had revenue of $238.21 million during the quarter, compared to analysts’ expectations of $225.76 million. During the same period last year, the firm earned $0.72 EPS. The firm’s revenue for the quarter was down 3.6% on a year-over-year basis.
Institutional investors have recently modified their holdings of the company. Comerica Bank increased 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 in the last quarter. Suntrust Banks Inc. increased 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 in the last quarter. Capital Fund Management S.A. purchased a new stake in Chart Industries during the first quarter worth $549,000. Great West Life Assurance Co. Can increased its stake in 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 worth $1,473,000 after buying an additional 2,221 shares during the period. Finally, Canada Pension Plan Investment Board increased its stake in Chart Industries by 2.1% in the first quarter. Canada Pension Plan Investment Board now owns 309,000 shares of the industrial products company’s stock worth $10,796,000 after buying an additional 6,300 shares during the period. Institutional investors and hedge funds own 85.84% of the company’s stock.
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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