Wall Street analysts expect Chart Industries, Inc. (NASDAQ:GTLS) to report earnings per share (EPS) of $0.45 for the current quarter, Zacks reports. Three analysts have issued estimates for Chart Industries’ earnings. The lowest EPS estimate is $0.42 and the highest is $0.47. Chart Industries posted earnings per share of $0.21 during the same quarter last year, which indicates a positive year-over-year growth rate of 114.3%. The business is scheduled to issue its next earnings results on Thursday, July 26th.
According to Zacks, analysts expect that Chart Industries will report full-year earnings of $1.87 per share for the current fiscal year, with EPS estimates ranging from $1.81 to $1.90. For the next financial year, analysts forecast that the company will post earnings of $2.86 per share, with EPS estimates ranging from $2.19 to $3.65. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that follow Chart Industries.
Chart Industries (NASDAQ:GTLS) last issued its quarterly earnings data on Thursday, April 19th. The industrial products company reported $0.23 EPS for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.04. The firm had revenue of $279.70 million for the quarter, compared to analysts’ expectations of $263.34 million. Chart Industries had a net margin of 3.46% and a return on equity of 5.20%. The firm’s revenue was up 37.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.01 EPS.
A number of equities research analysts recently commented on GTLS shares. TheStreet raised shares of Chart Industries from a “c” rating to a “b-” rating in a research note on Friday, March 2nd. BidaskClub cut shares of Chart Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 16th. Lake Street Capital increased their price objective on shares of Chart Industries from $71.00 to $90.00 and gave the company a “buy” rating in a research note on Friday, June 8th. Northcoast Research set a $71.00 price objective on shares of Chart Industries and gave the company a “buy” rating in a research note on Monday, April 23rd. Finally, Seaport Global Securities reissued a “buy” rating and issued a $70.00 price objective on shares of Chart Industries in a research note on Friday, April 20th. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Chart Industries has an average rating of “Buy” and a consensus price target of $67.33.
Institutional investors have recently added to or reduced their stakes in the business. Elkfork Partners LLC acquired a new stake in shares of Chart Industries during the 4th quarter worth about $148,000. SG Americas Securities LLC acquired a new stake in shares of Chart Industries during the 1st quarter worth about $193,000. Summit Trail Advisors LLC boosted its stake in shares of Chart Industries by 3,018.9% during the 1st quarter. Summit Trail Advisors LLC now owns 196,582 shares of the industrial products company’s stock worth $197,000 after purchasing an additional 190,279 shares during the last quarter. Amalgamated Bank acquired a new stake in shares of Chart Industries during the 4th quarter worth about $207,000. Finally, Wesbanco Bank Inc. acquired a new stake in shares of Chart Industries during the 1st quarter worth about $207,000. 99.06% of the stock is currently owned by institutional investors.
Chart Industries traded up $1.58, reaching $63.50, during trading hours on Tuesday, according to MarketBeat Ratings. The company’s stock had a trading volume of 819,493 shares, compared to its average volume of 497,155. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of 66.15, a PEG ratio of 1.23 and a beta of 1.07. Chart Industries has a fifty-two week low of $32.04 and a fifty-two week high of $74.27. The company has a current ratio of 1.70, a quick ratio of 1.12 and a debt-to-equity ratio of 0.54.
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.
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
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.