Q3 2018 EPS Estimates for Chart Industries, Inc. (GTLS) Increased by Analyst

Chart Industries, Inc. (NASDAQ:GTLS) – Research analysts at Seaport Global Securities upped their Q3 2018 EPS estimates for shares of Chart Industries in a note issued to investors on Thursday. Seaport Global Securities analyst W. Liptak now anticipates that the industrial products company will post earnings of $0.52 per share for the quarter, up from their prior forecast of $0.51. Seaport Global Securities has a “Buy” rating and a $58.00 price objective on the stock. Seaport Global Securities also issued estimates for Chart Industries’ Q4 2018 earnings at $0.61 EPS and FY2018 earnings at $1.77 EPS.

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

Several other equities analysts have also commented on the company. BidaskClub raised Chart Industries from a “hold” rating to a “buy” rating in a research note on Friday. Cowen set a $50.00 target price on Chart Industries and gave the stock a “hold” rating in a research note on Thursday. Lake Street Capital set a $59.00 target price on Chart Industries and gave the stock a “buy” rating in a research note on Wednesday. Zacks Investment Research lowered Chart Industries from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Northcoast Research upgraded Chart Industries from a “neutral” rating to a “buy” rating and set a $51.00 price target on the stock in a report on Monday, October 9th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $52.67.

Shares of Chart Industries (GTLS) traded up $1.74 during trading hours on Friday, reaching $52.73. The company’s stock had a trading volume of 413,000 shares, compared to its average volume of 394,433. The company has a current ratio of 1.13, a quick ratio of 0.74 and a debt-to-equity ratio of 0.42. The stock has a market cap of $1,620.00, a PE ratio of -753.29, a P/E/G ratio of 1.51 and a beta of 1.33. Chart Industries has a 12 month low of $32.04 and a 12 month high of $53.10.

A number of hedge funds have recently modified their holdings of GTLS. Barings LLC purchased a new position in Chart Industries during the third quarter worth $204,000. SG Americas Securities LLC increased its position in Chart Industries by 42.7% during the second quarter. SG Americas Securities LLC now owns 6,657 shares of the industrial products company’s stock worth $231,000 after buying an additional 1,992 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new position in Chart Industries during the second quarter worth $231,000. Crossmark Global Holdings Inc. purchased a new position in Chart Industries during the third quarter worth $231,000. Finally, PEAK6 Investments L.P. purchased a new position in Chart Industries during the third quarter worth $393,000. 86.65% of the stock is owned by hedge funds and other institutional investors.

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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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