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

Brokerages expect Chart Industries, Inc. (NASDAQ:GTLS) to post earnings of $0.98 per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Chart Industries’ earnings. The lowest EPS estimate is $0.86 and the highest is $1.12. Chart Industries posted earnings per share of $0.61 during the same quarter last year, which would suggest a positive year over year growth rate of 60.7%. The business is scheduled to announce its next 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 fiscal 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’ earnings per share averages are a mean average based on a survey of research analysts that cover Chart Industries.

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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). The company had revenue of $357.80 million during the quarter, compared to analysts’ expectations of $378.53 million. Chart Industries had a net margin of 6.55% and a return on equity of 8.10%. The company’s quarterly revenue was up 31.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.74 earnings per share.

GTLS has been the topic of a number of research reports. ValuEngine raised shares of Chart Industries from a “sell” rating to a “hold” rating in a research note on Wednesday, September 11th. Morgan Stanley decreased their price target on shares of Chart Industries from $100.00 to $90.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 8th. JPMorgan Chase & Co. initiated coverage on shares of Chart Industries in a research note on Wednesday, September 25th. They issued a “neutral” rating and a $73.00 price target on the stock. Raymond James raised shares of Chart Industries from a “market perform” rating to an “outperform” rating and set a $72.00 price target on the stock in a research note on Tuesday, August 13th. Finally, Zacks Investment Research lowered shares of Chart Industries from a “buy” rating to a “hold” rating in a research note on Friday, October 11th. One research 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. The stock currently has an average rating of “Hold” and a consensus target price of $79.79.

Shares of Chart Industries stock opened at $56.76 on Wednesday. The firm has a market capitalization of $1.99 billion, a PE ratio of 22.69 and a beta of 1.22. Chart Industries has a twelve month low of $54.01 and a twelve month high of $95.66. The firm’s 50-day moving average price is $59.04 and its 200 day moving average price is $69.54. The company has a current ratio of 1.83, a quick ratio of 1.20 and a debt-to-equity ratio of 0.68.

A number of hedge funds have recently added to or reduced their stakes in GTLS. Invesco Ltd. raised its holdings in Chart Industries by 791.7% in the 2nd quarter. Invesco Ltd. now owns 698,418 shares of the industrial products company’s stock valued at $53,694,000 after acquiring an additional 620,090 shares during the last quarter. BlackRock Inc. raised its holdings in Chart Industries by 12.6% in the 2nd quarter. BlackRock Inc. now owns 5,106,373 shares of the industrial products company’s stock valued at $392,575,000 after acquiring an additional 569,836 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Chart Industries by 5,240.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 563,995 shares of the industrial products company’s stock valued at $42,164,000 after acquiring an additional 553,435 shares during the last quarter. Amundi Pioneer Asset Management Inc. acquired a new stake in Chart Industries in the 2nd quarter valued at about $23,800,000. Finally, Vanguard Group Inc. raised its holdings in Chart Industries by 7.7% in the 2nd quarter. Vanguard Group Inc. now owns 3,577,954 shares of the industrial products company’s stock valued at $275,072,000 after acquiring an additional 256,912 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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