Chart Industries, Inc. (NASDAQ:GTLS) Expected to Announce Earnings of $0.98 Per Share

Wall Street brokerages expect Chart Industries, Inc. (NASDAQ:GTLS) to post earnings per share of $0.98 for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Chart Industries’ earnings, with the lowest EPS estimate coming in at $0.86 and the highest estimate coming in at $1.12. Chart Industries posted earnings per share of $0.61 in the same quarter last year, which would suggest a positive year over year growth rate of 60.7%. The company is scheduled to report its next quarterly earnings report on Thursday, February 13th.

According to Zacks, analysts expect that Chart Industries will report full year earnings of $2.85 per share for the current financial year, with EPS estimates ranging from $2.74 to $3.05. For the next year, analysts anticipate that the firm will report earnings of $4.77 per share, with EPS estimates ranging from $4.45 to $4.93. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for Chart Industries.

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

A number of brokerages recently commented on GTLS. Credit Suisse Group began coverage on Chart Industries in a research report on Tuesday, August 13th. They issued an “outperform” rating and a $83.00 target price on the stock. Raymond James upgraded Chart Industries from a “market perform” rating to an “outperform” rating and set a $72.00 target price on the stock in a research report on Tuesday, August 13th. Zacks Investment Research lowered Chart Industries from a “buy” rating to a “hold” rating in a research report on Friday, October 11th. JPMorgan Chase & Co. began coverage on Chart Industries in a research report on Wednesday, September 25th. They issued a “neutral” rating and a $73.00 target price on the stock. Finally, TheStreet lowered Chart Industries from a “b-” rating to a “c+” rating in a research report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $79.79.

In other news, Director Carey Chen bought 3,403 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were purchased at an average price of $59.73 per share, for a total transaction of $203,261.19. Following the completion of the transaction, the director now directly owns 5,500 shares in the company, valued at $328,515. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.28% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the business. Oppenheimer Asset Management Inc. bought a new position in Chart Industries in the 2nd quarter worth approximately $52,000. Bourgeon Capital Management LLC bought a new position in Chart Industries in the 3rd quarter worth $62,000. Tower Research Capital LLC TRC bought a new position in Chart Industries in the 3rd quarter worth $62,000. Point72 Hong Kong Ltd raised its holdings in Chart Industries by 2,000.0% in the 2nd quarter. Point72 Hong Kong Ltd now owns 945 shares of the industrial products company’s stock worth $73,000 after purchasing an additional 900 shares in the last quarter. Finally, Royal Bank of Canada raised its holdings in Chart Industries by 62.9% in the 2nd quarter. Royal Bank of Canada now owns 1,417 shares of the industrial products company’s stock worth $108,000 after purchasing an additional 547 shares in the last quarter.

Shares of GTLS stock traded down $1.26 during trading hours on Wednesday, reaching $55.59. 31,053 shares of the company’s stock were exchanged, compared to its average volume of 439,558. Chart Industries has a 1 year low of $54.12 and a 1 year high of $95.66. The stock has a market cap of $2.08 billion, a PE ratio of 27.52 and a beta of 1.22. The company has a current ratio of 1.83, a quick ratio of 1.20 and a debt-to-equity ratio of 0.68. The stock’s fifty day moving average price is $59.62 and its two-hundred day moving average price is $70.03.

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.

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

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