Northcoast Research Equities Analysts Decrease Earnings Estimates for Chart Industries, Inc. (NASDAQ:GTLS)

Chart Industries, Inc. (NASDAQ:GTLS) – Stock analysts at Northcoast Research lowered their Q2 2019 earnings per share (EPS) estimates for shares of Chart Industries in a research note issued to investors on Friday, June 21st. Northcoast Research analyst T. Hayes now expects that the industrial products company will post earnings per share of $0.60 for the quarter, down from their prior estimate of $0.65. Northcoast Research also issued estimates for Chart Industries’ Q4 2019 earnings at $1.09 EPS and Q1 2020 earnings at $0.89 EPS.

Chart Industries (NASDAQ:GTLS) last announced its quarterly earnings results on Thursday, April 18th. The industrial products company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). Chart Industries had a return on equity of 8.93% and a net margin of 7.09%. The company had revenue of $289.30 million during the quarter, compared to analyst estimates of $290.33 million. During the same period in the prior year, the firm earned $0.23 EPS. Chart Industries’s quarterly revenue was up 18.5% on a year-over-year basis.

A number of other analysts have also recently weighed in on GTLS. Zacks Investment Research raised Chart Industries from a “hold” rating to a “strong-buy” rating and set a $85.00 price target for the company in a research report on Friday, May 24th. ValuEngine cut Chart Industries from a “buy” rating to a “hold” rating in a research report on Friday, May 24th. Finally, BidaskClub cut Chart Industries from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, April 10th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Chart Industries currently has an average rating of “Buy” and a consensus target price of $87.14.

Shares of NASDAQ:GTLS opened at $71.13 on Monday. Chart Industries has a fifty-two week low of $57.88 and a fifty-two week high of $95.66. The business has a 50-day moving average of $78.64. The firm has a market capitalization of $2.52 billion, a PE ratio of 35.21 and a beta of 1.19. The company has a quick ratio of 0.71, a current ratio of 1.11 and a debt-to-equity ratio of 0.36.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Louisiana State Employees Retirement System lifted its position in shares of Chart Industries by 1.1% during the 1st quarter. Louisiana State Employees Retirement System now owns 11,800 shares of the industrial products company’s stock worth $1,068,000 after purchasing an additional 123 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Chart Industries by 1.3% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,844 shares of the industrial products company’s stock worth $982,000 after purchasing an additional 144 shares during the last quarter. State of Alaska Department of Revenue lifted its position in shares of Chart Industries by 2.0% during the 1st quarter. State of Alaska Department of Revenue now owns 10,648 shares of the industrial products company’s stock worth $963,000 after purchasing an additional 210 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its position in shares of Chart Industries by 1.8% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 12,085 shares of the industrial products company’s stock worth $1,094,000 after purchasing an additional 218 shares during the last quarter. Finally, Quadrant Capital Group LLC lifted its position in shares of Chart Industries by 416.9% during the 1st quarter. Quadrant Capital Group LLC now owns 336 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 271 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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