Chart Industries, Inc. (GTLS) Forecasted to Earn Q1 2018 Earnings of $0.28 Per Share
Chart Industries, Inc. (NASDAQ:GTLS) – Stock analysts at Northcoast Research raised their Q1 2018 earnings per share estimates for Chart Industries in a report released on Monday. Northcoast Research analyst T. Hayes now forecasts that the industrial products company will post earnings per share of $0.28 for the quarter, up from their previous forecast of $0.18. Northcoast Research has a “Buy” rating and a $51.00 price target on the stock. Northcoast Research also issued estimates for Chart Industries’ Q3 2018 earnings at $0.57 EPS, FY2018 earnings at $1.64 EPS and FY2019 earnings at $2.25 EPS.
Chart Industries (NASDAQ:GTLS) last announced its quarterly earnings data on Thursday, July 27th. The industrial products company reported $0.21 EPS for the quarter, meeting the consensus estimate of $0.21. The firm had revenue of $238.21 million for the quarter, compared to analyst estimates of $225.76 million. Chart Industries had a return on equity of 3.28% and a net margin of 1.35%. The company’s revenue was down 3.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.72 EPS.
Several other brokerages also recently issued reports on GTLS. Johnson Rice reissued a “buy” rating and set a $48.00 price objective (up previously from $42.00) on shares of Chart Industries in a research note on Monday, October 2nd. Cowen and Company set a $38.00 price target on shares of Chart Industries and gave the stock a “hold” rating in a research report on Friday, August 4th. BidaskClub raised shares of Chart Industries from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Finally, Zacks Investment Research raised shares of Chart Industries from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $42.86.
Chart Industries (NASDAQ:GTLS) traded down 0.61% during midday trading on Wednesday, reaching $42.65. The company’s stock had a trading volume of 26,059 shares. The company’s 50-day moving average is $36.84 and its 200 day moving average is $35.27. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 112.53 and a beta of 1.28. Chart Industries has a 12-month low of $27.01 and a 12-month high of $43.06.
A number of hedge funds and other institutional investors have recently bought and sold shares of GTLS. Comerica Bank lifted its position in shares of Chart Industries by 3.6% in the 1st quarter. Comerica Bank now owns 35,139 shares of the industrial products company’s stock worth $1,295,000 after buying an additional 1,224 shares during the last quarter. Karp Capital Management Corp bought a new position in shares of Chart Industries in the 1st quarter worth about $361,000. State of Tennessee Treasury Department lifted its position in shares of Chart Industries by 17.8% in the 1st quarter. State of Tennessee Treasury Department now owns 28,760 shares of the industrial products company’s stock worth $1,005,000 after buying an additional 4,340 shares during the last quarter. Mason Street Advisors LLC lifted its position in shares of Chart Industries by 7.3% in the 1st quarter. Mason Street Advisors LLC now owns 7,176 shares of the industrial products company’s stock worth $251,000 after buying an additional 490 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of Chart Industries by 2.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 6,282 shares of the industrial products company’s stock worth $219,000 after buying an additional 168 shares during the last quarter. Hedge funds and other institutional investors own 85.87% of the company’s stock.
About Chart Industries
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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