Chart Industries, Inc. (NASDAQ:GTLS) Expected to Announce Earnings of $0.66 Per Share

Equities research analysts predict that Chart Industries, Inc. (NASDAQ:GTLS) will announce earnings of $0.66 per share for the current fiscal quarter, Zacks reports. Five analysts have made estimates for Chart Industries’ earnings. The lowest EPS estimate is $0.53 and the highest is $0.78. Chart Industries posted earnings of $0.39 per share during the same quarter last year, which indicates a positive year over year growth rate of 69.2%. The business is scheduled to announce its next quarterly earnings results on Thursday, April 16th.

According to Zacks, analysts expect that Chart Industries will report full-year earnings of $4.62 per share for the current fiscal year, with EPS estimates ranging from $2.44 to $5.34. For the next year, analysts forecast that the company will report earnings of $5.13 per share, with EPS estimates ranging from $2.89 to $6.24. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Chart Industries.

Chart Industries (NASDAQ:GTLS) last posted its quarterly earnings results on Thursday, February 13th. The industrial products company reported $0.72 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.18). Chart Industries had a return on equity of 8.06% and a net margin of 3.57%. The company had revenue of $342.40 million for the quarter, compared to analysts’ expectations of $379.58 million. During the same quarter in the prior year, the firm earned $0.59 EPS. The firm’s revenue was up 18.0% on a year-over-year basis.

Several analysts recently issued reports on GTLS shares. BTIG Research started coverage on shares of Chart Industries in a report on Monday, January 6th. They issued a “buy” rating and a $100.00 price objective on the stock. Zacks Investment Research lowered shares of Chart Industries from a “buy” rating to a “hold” rating in a report on Thursday, January 16th. Stifel Nicolaus started coverage on shares of Chart Industries in a report on Friday, December 6th. They issued a “buy” rating and a $83.00 price objective on the stock. TheStreet lowered shares of Chart Industries from a “b-” rating to a “c+” rating in a report on Tuesday, March 17th. Finally, Citigroup boosted their price objective on shares of Chart Industries from $80.00 to $86.00 and gave the company a “buy” rating in a report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company. Chart Industries has a consensus rating of “Buy” and an average price target of $84.10.

Shares of NASDAQ GTLS traded down $1.72 during trading on Friday, hitting $27.75. 718,410 shares of the company were exchanged, compared to its average volume of 1,074,151. Chart Industries has a 12-month low of $15.00 and a 12-month high of $93.75. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.20 and a current ratio of 1.78. The company has a fifty day moving average price of $48.71 and a 200-day moving average price of $58.63. The firm has a market capitalization of $1.06 billion, a PE ratio of 21.51 and a beta of 1.11.

In other news, COO John Champion Vii Bishop bought 10,000 shares of the company’s stock in a transaction on Wednesday, March 18th. The stock was bought at an average cost of $18.18 per share, with a total value of $181,800.00. Following the transaction, the chief operating officer now directly owns 24,454 shares in the company, valued at approximately $444,573.72. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.28% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Point72 Hong Kong Ltd acquired a new position in shares of Chart Industries during the fourth quarter worth about $65,000. Tower Research Capital LLC TRC acquired a new position in shares of Chart Industries during the third quarter worth about $62,000. Point72 Asset Management L.P. grew its position in shares of Chart Industries by 39.2% during the third quarter. Point72 Asset Management L.P. now owns 1,200 shares of the industrial products company’s stock worth $75,000 after buying an additional 338 shares in the last quarter. Oppenheimer Asset Management Inc. grew its position in shares of Chart Industries by 20.0% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 1,515 shares of the industrial products company’s stock worth $102,000 after buying an additional 252 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Chart Industries by 17.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,316 shares of the industrial products company’s stock worth $156,000 after buying an additional 349 shares in the last quarter.

Chart Industries Company Profile

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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