Gabelli Weighs in on Chart Industries Inc.’s FY2016 Earnings (GTLS)
Chart Industries Inc. (NASDAQ:GTLS) – Stock analysts at Gabelli issued their FY2016 earnings per share estimates for Chart Industries in a report issued on Tuesday. Gabelli analyst M. Trusz expects that the firm will earn $0.90 per share for the year. Gabelli has a “Buy” rating and a $51.00 price objective on the stock. Gabelli also issued estimates for Chart Industries’ FY2017 earnings at $0.90 EPS, FY2018 earnings at $1.40 EPS, FY2019 earnings at $1.90 EPS and FY2020 earnings at $2.15 EPS.
Chart Industries (NASDAQ:GTLS) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.60. The business had revenue of $247.10 million for the quarter, compared to the consensus estimate of $222.95 million. Chart Industries had a negative net margin of 21.63% and a positive return on equity of 4.55%. The business’s revenue was down 8.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.60 EPS.
GTLS has been the subject of a number of other research reports. Zacks Investment Research upgraded shares of Chart Industries from a “sell” rating to a “hold” rating in a report on Friday, July 29th. Evercore ISI downgraded shares of Chart Industries from a “buy” rating to a “hold” rating and set a $29.00 target price for the company. in a report on Thursday, August 4th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $31.44.
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Chart Industries (NASDAQ:GTLS) traded down 2.14% during midday trading on Thursday, hitting $32.48. 67,215 shares of the stock were exchanged. The firm has a 50 day moving average of $31.44 and a 200-day moving average of $27.03. Chart Industries has a 12-month low of $13.27 and a 12-month high of $34.06. The stock’s market cap is $993.66 million.
Large investors have recently added to or reduced their stakes in the company. Acrospire Investment Management LLC boosted its stake in Chart Industries by 162.5% in the second quarter. Acrospire Investment Management LLC now owns 4,200 shares of the company’s stock valued at $101,000 after buying an additional 2,600 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in Chart Industries by 14.0% in the second quarter. Teacher Retirement System of Texas now owns 4,249 shares of the company’s stock valued at $103,000 after buying an additional 523 shares in the last quarter. Tower Research Capital LLC TRC bought a new stake in Chart Industries during the second quarter valued at about $113,000. Independent Portfolio Consultants Inc. bought a new stake in Chart Industries during the second quarter valued at about $135,000. Finally, Mason Street Advisors LLC bought a new stake in Chart Industries during the second quarter valued at about $144,000. 88.30% of the stock is currently owned by institutional investors.
Chart Industries Company Profile
Chart Industries, Inc (Chart) is a diversified manufacturer of engineered equipment for the industrial gas, energy, and biomedical industries. The Company’s equipment and engineered systems are used for low-temperature and cryogenic applications. It operates through three segments, including Energy & Chemicals (E&C), Distribution & Storage (D&S), and BioMedical.
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