Chart Industries, Inc. to Post FY2020 Earnings of $3.00 Per Share, Gabelli Forecasts (GTLS)

Chart Industries, Inc. (NASDAQ:GTLS) – Analysts at Gabelli increased their FY2020 earnings per share (EPS) estimates for Chart Industries in a research note issued on Friday. Gabelli analyst M. Trusz now forecasts that the industrial products company will earn $3.00 per share for the year, up from their prior estimate of $2.75. Gabelli also issued estimates for Chart Industries’ FY2021 earnings at $3.30 EPS.

Chart Industries (NASDAQ:GTLS) last posted its earnings results 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 company 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%. Chart Industries’s revenue was up 17.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.53 earnings per share.

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Other equities analysts also recently issued research reports about the stock. Northcoast Research upgraded shares of 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. 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. Lake Street Capital boosted their price target on shares of Chart Industries from $48.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday. Seaport Global Securities upgraded shares of Chart Industries from a “neutral” rating to a “buy” rating and set a $58.00 price target for the company in a research note on Friday. Finally, Cowen and Company restated a “hold” rating and issued a $40.00 price target on shares of Chart Industries in a research note on Sunday, October 22nd. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Chart Industries has a consensus rating of “Hold” and a consensus price target of $47.83.

Chart Industries (NASDAQ:GTLS) traded down 0.67% during mid-day trading on Monday, reaching $44.64. The company’s stock had a trading volume of 111,180 shares. The company’s 50-day moving average price is $40.21 and its 200 day moving average price is $36.08. Chart Industries has a 52 week low of $27.01 and a 52 week high of $45.69. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 117.78 and a beta of 1.28.

Institutional investors have recently added to or reduced their stakes in the company. Aperio Group LLC lifted its position in shares of Chart Industries by 16.2% during the 2nd quarter. Aperio Group LLC now owns 12,011 shares of the industrial products company’s stock worth $417,000 after purchasing an additional 1,677 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Chart Industries by 8.6% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 216,287 shares of the industrial products company’s stock worth $7,558,000 after purchasing an additional 17,044 shares during the last quarter. Vivaldi Asset Management LLC purchased a new stake in shares of Chart Industries during the 2nd quarter worth $2,858,000. South Dakota Investment Council lifted its position in shares of Chart Industries by 101.5% during the 2nd quarter. South Dakota Investment Council now owns 27,000 shares of the industrial products company’s stock worth $938,000 after purchasing an additional 13,600 shares during the last quarter. Finally, New York State Teachers Retirement System lifted its position in shares of Chart Industries by 35.1% during the 1st quarter. New York State Teachers Retirement System now owns 17,714 shares of the industrial products company’s stock worth $619,000 after purchasing an additional 4,600 shares during the last quarter. 85.56% of the stock is owned by institutional investors and hedge funds.

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.

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

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