Chart Industries, Inc. to Post FY2018 Earnings of $1.95 Per Share, Gabelli Forecasts (GTLS)

Chart Industries, Inc. (NASDAQ:GTLS) – Equities researchers at Gabelli boosted their FY2018 earnings per share (EPS) estimates for Chart Industries in a research report issued on Tuesday. Gabelli analyst M. Trusz now expects that the industrial products company will post earnings of $1.95 per share for the year, up from their previous forecast of $1.85.

Chart Industries (NASDAQ:GTLS) last announced its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.07. Chart Industries had a negative net margin of 0.21% and a positive return on equity of 2.25%. The business had revenue of $240.50 million for the quarter, compared to the consensus estimate of $235.96 million. During the same quarter last year, the company posted $0.53 earnings per share. Chart Industries’s quarterly revenue was up 17.9% on a year-over-year basis.

GTLS has been the subject of several other reports. Northcoast Research raised Chart Industries from a “neutral” rating to a “buy” rating and set a $51.00 price objective for the company in a report on Monday, October 9th. Johnson Rice restated a “buy” rating and set a $48.00 target price (up from $42.00) on shares of Chart Industries in a research report on Monday, October 2nd. Lake Street Capital boosted their target price on Chart Industries from $48.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. Seaport Global Securities upgraded Chart Industries from a “neutral” rating to a “buy” rating and set a $58.00 price objective for the company in a research report on Friday, October 27th. Finally, BidaskClub lowered Chart Industries from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $48.14.

Chart Industries (GTLS) traded down $0.02 during trading on Wednesday, hitting $45.99. The company had a trading volume of 333,800 shares, compared to its average volume of 231,174. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.13 and a quick ratio of 0.74. Chart Industries has a fifty-two week low of $32.04 and a fifty-two week high of $48.78. The company has a market capitalization of $1,420.00, a PE ratio of 88.48, a price-to-earnings-growth ratio of 2.74 and a beta of 1.32.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Los Angeles Capital Management & Equity Research Inc. grew its holdings in Chart Industries by 0.7% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 28,895 shares of the industrial products company’s stock valued at $1,004,000 after buying an additional 200 shares in the last quarter. Texas Permanent School Fund boosted its stake in Chart Industries by 0.9% in the second quarter. Texas Permanent School Fund now owns 22,426 shares of the industrial products company’s stock valued at $779,000 after buying an additional 207 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Chart Industries by 0.9% in the second quarter. The Manufacturers Life Insurance Company now owns 23,756 shares of the industrial products company’s stock valued at $824,000 after buying an additional 215 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in Chart Industries by 3.4% in the second quarter. Municipal Employees Retirement System of Michigan now owns 7,240 shares of the industrial products company’s stock valued at $251,000 after buying an additional 240 shares in the last quarter. Finally, Suntrust Banks Inc. boosted its stake in Chart Industries by 2.0% in the second quarter. Suntrust Banks Inc. now owns 12,692 shares of the industrial products company’s stock valued at $439,000 after buying an additional 252 shares in the last quarter. Institutional investors and hedge funds own 86.75% of the company’s stock.

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Chart Industries Company Profile

Chart Industries, Inc is a diversified global manufacturer of engineered equipment, packaged solutions, and value-add services used throughout the industrial gas, energy and biomedical industries. The Company operates through three business segments: Energy & Chemicals (E&C), Distribution & Storage (D&S) and BioMedical.

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

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