Analysts expect that Chart Industries, Inc. (NASDAQ:GTLS) will post $0.23 earnings per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Chart Industries’ earnings, with the highest EPS estimate coming in at $0.33 and the lowest estimate coming in at $0.15. Chart Industries reported earnings per share of $0.72 during the same quarter last year, which would suggest a negative year-over-year growth rate of 68.1%. The firm is scheduled to report its next quarterly earnings results on Thursday, July 27th.

On average, analysts expect that Chart Industries will report full-year earnings of $0.76 per share for the current fiscal year, with EPS estimates ranging from $0.63 to $0.87. For the next financial year, analysts expect that the company will post earnings of $1.29 per share, with EPS estimates ranging from $1.08 to $1.65. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Chart Industries.

Chart Industries (NASDAQ:GTLS) last announced its earnings results on Thursday, April 27th. The industrial products company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by $0.01. The firm had revenue of $204.10 million for the quarter, compared to analyst estimates of $198.57 million. Chart Industries had a return on equity of 5.56% and a net margin of 3.45%. The company’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter last year, the business earned ($0.08) EPS.

GTLS has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Chart Industries from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research report on Wednesday, April 26th. Lake Street Capital raised shares of Chart Industries from a “hold” rating to a “buy” rating and upped their price objective for the stock from $32.00 to $44.00 in a research report on Friday, February 24th. Finally, TheStreet raised shares of Chart Industries from a “d+” rating to a “c” rating in a research report on Friday, February 24th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Chart Industries presently has an average rating of “Hold” and an average target price of $38.67.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. State of Alaska Department of Revenue increased its position in shares of Chart Industries by 2.4% in the first quarter. State of Alaska Department of Revenue now owns 3,390 shares of the industrial products company’s stock valued at $118,000 after buying an additional 80 shares during the last quarter. Suntrust Banks Inc. increased its position in shares of Chart Industries by 0.7% in the first quarter. Suntrust Banks Inc. now owns 12,440 shares of the industrial products company’s stock valued at $434,000 after buying an additional 82 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of Chart Industries by 2.7% in the first quarter. Envestnet Asset Management Inc. now owns 6,282 shares of the industrial products company’s stock valued at $219,000 after buying an additional 168 shares during the last quarter. Louisiana State Employees Retirement System increased its position in shares of Chart Industries by 1.6% in the first quarter. Louisiana State Employees Retirement System now owns 12,500 shares of the industrial products company’s stock valued at $437,000 after buying an additional 200 shares during the last quarter. Finally, Arizona State Retirement System increased its position in shares of Chart Industries by 1.3% in the first quarter. Arizona State Retirement System now owns 16,001 shares of the industrial products company’s stock valued at $559,000 after buying an additional 200 shares during the last quarter. 87.57% of the stock is owned by hedge funds and other institutional investors.

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Shares of Chart Industries (NASDAQ:GTLS) opened at 34.83 on Tuesday. The company’s 50 day moving average is $35.34 and its 200-day moving average is $36.39. Chart Industries has a 12 month low of $21.80 and a 12 month high of $40.87. The firm has a market cap of $1.07 billion, a PE ratio of 35.98 and a beta of 1.33.

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.

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