Wall Street brokerages expect that Chart Industries, Inc. (NASDAQ:GTLS) will report $0.52 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Chart Industries’ earnings, with estimates ranging from $0.46 to $0.57. Chart Industries posted earnings of $0.46 per share in the same quarter last year, which would indicate a positive year over year growth rate of 13%. The business is scheduled to announce its next earnings results on Thursday, February 28th.
According to Zacks, analysts expect that Chart Industries will report full year earnings of $2.04 per share for the current year, with EPS estimates ranging from $2.00 to $2.13. For the next financial year, analysts expect that the firm will post earnings of $2.74 per share, with EPS estimates ranging from $2.62 to $2.95. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that follow Chart Industries.
Chart Industries (NASDAQ:GTLS) last posted its quarterly earnings data on Thursday, October 18th. The industrial products company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.19. Chart Industries had a return on equity of 8.31% and a net margin of 5.69%. The firm had revenue of $272.20 million for the quarter, compared to analysts’ expectations of $314.52 million. During the same quarter last year, the business earned $0.22 EPS. The company’s quarterly revenue was up 34.3% compared to the same quarter last year.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in Chart Industries by 2.7% in the third quarter. Vanguard Group Inc. now owns 3,040,131 shares of the industrial products company’s stock valued at $238,133,000 after acquiring an additional 80,703 shares during the last quarter. Legal & General Group Plc grew its position 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 valued at $5,701,000 after acquiring an additional 4,877 shares during the last quarter. Rehmann Capital Advisory Group grew its position 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 valued at $1,586,000 after acquiring an additional 122,588 shares during the last quarter. Penn Capital Management Co. Inc. bought a new position in Chart Industries in the third quarter valued at about $1,430,000. Finally, Teachers Advisors LLC grew its position 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 valued at $4,849,000 after acquiring an additional 2,087 shares during the last quarter.
Shares of NASDAQ GTLS opened at $62.69 on Wednesday. The company has a current ratio of 2.13, a quick ratio of 1.53 and a debt-to-equity ratio of 0.60. 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 $1.98 billion, a P/E ratio of 65.30, a P/E/G ratio of 1.08 and a beta of 1.28.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Chart Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chart Industries and related companies with MarketBeat.com's FREE daily email newsletter.