Zacks: Analysts Expect Chart Industries, Inc. (GTLS) to Post $0.43 Earnings Per Share

Equities analysts expect that Chart Industries, Inc. (NASDAQ:GTLS) will post earnings per share (EPS) of $0.43 for the current quarter, according to Zacks. Three analysts have made estimates for Chart Industries’ earnings, with estimates ranging from $0.42 to $0.44. Chart Industries posted earnings per share of $0.21 in the same quarter last year, which would suggest a positive year-over-year growth rate of 104.8%. The firm is scheduled to issue its next earnings results on Thursday, July 26th.

On average, analysts expect that Chart Industries will report full-year earnings of $1.89 per share for the current financial year, with EPS estimates ranging from $1.81 to $1.95. For the next year, analysts expect that the business will post earnings of $2.52 per share, with EPS estimates ranging from $2.19 to $2.95. Zacks Investment Research’s EPS averages 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, April 19th. The industrial products company reported $0.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.04. The firm had revenue of $279.70 million during 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 for the quarter was up 37.0% compared to the same quarter last year. During the same period last year, the firm posted $0.01 earnings per share.

A number of analysts recently weighed in on GTLS shares. BidaskClub cut shares of Chart Industries from a “hold” rating to a “sell” rating in a report on Saturday, February 3rd. Zacks Investment Research upgraded shares of Chart Industries from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a report on Thursday, February 8th. Craig Hallum upgraded shares of Chart Industries from a “hold” rating to a “buy” rating in a report on Thursday, February 22nd. TheStreet upgraded shares of Chart Industries from a “c” rating to a “b-” rating in a report on Friday, March 2nd. Finally, Alembic Global Advisors restated a “hold” rating on shares of Chart Industries in a research report on Thursday, March 8th. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Chart Industries currently has a consensus rating of “Buy” and a consensus target price of $62.17.

NASDAQ:GTLS traded down $1.22 during trading hours on Wednesday, reaching $64.06. 332,000 shares of the company’s stock were exchanged, compared to its average volume of 296,447. The stock has a market capitalization of $2.02 billion, a price-to-earnings ratio of 66.73, a PEG ratio of 1.29 and a beta of 1.07. Chart Industries has a 12 month low of $32.04 and a 12 month high of $66.20. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.12 and a current ratio of 1.70.

Several large investors have recently modified their holdings of the stock. Principal Financial Group Inc. lifted its position in shares of Chart Industries by 3.4% in the 1st quarter. Principal Financial Group Inc. now owns 246,903 shares of the industrial products company’s stock valued at $14,575,000 after acquiring an additional 8,190 shares in the last quarter. Summit Trail Advisors LLC lifted its position in shares of Chart Industries by 3,018.9% in the 1st quarter. Summit Trail Advisors LLC now owns 196,582 shares of the industrial products company’s stock valued at $197,000 after acquiring an additional 190,279 shares in the last quarter. WINTON GROUP Ltd purchased a new stake in shares of Chart Industries in the 1st quarter valued at approximately $6,462,000. Wesbanco Bank Inc. purchased a new stake in shares of Chart Industries in the 1st quarter valued at approximately $207,000. Finally, Xact Kapitalforvaltning AB purchased a new stake in shares of Chart Industries in the 1st quarter valued at approximately $333,000. Institutional investors and hedge funds own 98.03% of the company’s stock.

Chart Industries Company Profile

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

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