Analysts Anticipate Chart Industries, Inc. (GTLS) to Post $0.52 Earnings Per Share

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.

A number of brokerages recently commented on GTLS. BidaskClub upgraded Chart Industries from a “sell” rating to a “hold” rating in a research report on Tuesday. Zacks Investment Research cut Chart Industries from a “buy” rating to a “hold” rating in a research report on Thursday, October 4th. Finally, Evercore ISI upgraded Chart Industries from an “in-line” rating to an “outperform” rating and set a $95.00 price target on the stock in a research report on Monday. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $78.50.

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.

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