$423.40 Million in Sales Expected for Chart Industries, Inc. (NASDAQ:GTLS) This Quarter

Equities analysts expect Chart Industries, Inc. (NASDAQ:GTLS) to announce sales of $423.40 million for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Chart Industries’ earnings. The highest sales estimate is $444.00 million and the lowest is $390.00 million. Chart Industries posted sales of $290.10 million during the same quarter last year, which would indicate a positive year over year growth rate of 45.9%. The company is scheduled to report its next quarterly earnings results on Thursday, February 13th.

According to Zacks, analysts expect that Chart Industries will report full year sales of $1.41 billion for the current fiscal year, with estimates ranging from $1.35 billion to $1.44 billion. For the next year, analysts anticipate that the business will report sales of $1.66 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Chart Industries.

Chart Industries (NASDAQ:GTLS) last issued its earnings results on Thursday, October 17th. The industrial products company reported $0.77 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.01). The business had revenue of $357.80 million for the quarter, compared to the consensus estimate of $378.53 million. Chart Industries had a net margin of 6.55% and a return on equity of 8.10%. The business’s revenue was up 31.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.74 EPS.

Several analysts have commented on GTLS shares. JPMorgan Chase & Co. started coverage on shares of Chart Industries in a research report on Wednesday, September 25th. They set a “neutral” rating and a $73.00 target price for the company. Lake Street Capital set a $109.00 target price on shares of Chart Industries and gave the company a “buy” rating in a research report on Friday, October 18th. Raymond James upgraded 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 research report on Tuesday, August 13th. Morgan Stanley dropped their target price on shares of Chart Industries from $100.00 to $90.00 and set an “overweight” rating for the company in a research report on Tuesday, October 8th. Finally, Credit Suisse Group started coverage on shares of Chart Industries in a research report on Tuesday, August 13th. They set an “outperform” rating and a $83.00 target price for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. Chart Industries presently has a consensus rating of “Hold” and an average price target of $79.79.

In other news, Director Carey Chen purchased 3,403 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was bought 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 $328,515. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.28% of the stock is owned by insiders.

Several hedge funds have recently made changes to their positions in the company. Municipal Employees Retirement System of Michigan grew its holdings in shares of Chart Industries by 1.7% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 9,450 shares of the industrial products company’s stock valued at $727,000 after buying an additional 160 shares during the period. HMS Capital Management LLC grew its holdings in shares of Chart Industries by 3.5% in the 2nd quarter. HMS Capital Management LLC now owns 5,212 shares of the industrial products company’s stock valued at $401,000 after buying an additional 176 shares during the period. Hancock Whitney Corp grew its holdings in shares of Chart Industries by 0.3% in the 2nd quarter. Hancock Whitney Corp now owns 82,877 shares of the industrial products company’s stock valued at $6,372,000 after buying an additional 256 shares during the period. Goelzer Investment Management Inc. grew its holdings in shares of Chart Industries by 1.0% in the 2nd quarter. Goelzer Investment Management Inc. now owns 30,738 shares of the industrial products company’s stock valued at $2,363,000 after buying an additional 294 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Chart Industries by 18.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,967 shares of the industrial products company’s stock valued at $123,000 after buying an additional 311 shares during the period.

Shares of Chart Industries stock opened at $59.35 on Wednesday. The firm has a fifty day moving average of $62.19 and a two-hundred day moving average of $72.87. The stock has a market capitalization of $2.08 billion, a price-to-earnings ratio of 29.38 and a beta of 1.18. Chart Industries has a 52 week low of $54.12 and a 52 week high of $95.66. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.20 and a current ratio of 1.83.

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.

Further Reading: What is an inverted yield curve?

Get a free copy of the Zacks research report on Chart Industries (GTLS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

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.