Zacks: Analysts Expect Chart Industries, Inc. (NASDAQ:GTLS) to Post $0.98 EPS

Wall Street analysts predict that Chart Industries, Inc. (NASDAQ:GTLS) will announce earnings of $0.98 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Chart Industries’ earnings, with estimates ranging from $0.86 to $1.12. Chart Industries posted earnings per share of $0.61 during the same quarter last year, which would indicate a positive year-over-year growth rate of 60.7%. The company is scheduled to issue its next earnings results on Thursday, February 13th.

On average, analysts expect that Chart Industries will report full year earnings of $2.85 per share for the current year, with EPS estimates ranging from $2.74 to $3.05. For the next fiscal year, analysts expect that the company 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 sell-side research analysts that cover Chart Industries.

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

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. assumed coverage on Chart Industries in a research note on Wednesday, September 25th. They set a “neutral” rating and a $73.00 target price for the company. Morgan Stanley decreased their target price on Chart Industries from $100.00 to $90.00 and set an “overweight” rating for the company in a research note on Tuesday, October 8th. ValuEngine raised Chart Industries from a “sell” rating to a “hold” rating in a research note on Wednesday, September 11th. TheStreet cut Chart Industries from a “b-” rating to a “c+” rating in a research note on Wednesday, October 16th. Finally, Lake Street Capital set a $109.00 target price on Chart Industries and gave the company a “buy” rating in a research note on Friday, October 18th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $79.79.

GTLS stock traded up $0.45 during trading hours on Monday, hitting $58.88. 13,980 shares of the stock traded hands, compared to its average volume of 493,550. The stock has a 50-day simple moving average of $62.11 and a 200 day simple moving average of $72.72. Chart Industries has a one year low of $54.12 and a one year high of $95.66. The company has a market cap of $2.12 billion, a P/E ratio of 29.06 and a beta of 1.18. The company has a current ratio of 1.83, a quick ratio of 1.20 and a debt-to-equity ratio of 0.68.

In related news, Director Carey Chen bought 3,403 shares of Chart Industries stock in a transaction dated Thursday, August 15th. The stock was acquired at an average cost of $59.73 per share, with a total value of $203,261.19. Following the completion of the acquisition, the director now directly owns 5,500 shares in the company, valued at approximately $328,515. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.28% of the company’s stock.

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

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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