Chart Industries, Inc. (GTLS) Expected to Announce Quarterly Sales of $285.70 Million

Equities research analysts expect that Chart Industries, Inc. (NASDAQ:GTLS) will post sales of $285.70 million for the current quarter, according to Zacks. Four analysts have issued estimates for Chart Industries’ earnings, with the highest sales estimate coming in at $292.60 million and the lowest estimate coming in at $281.00 million. Chart Industries reported sales of $214.37 million during the same quarter last year, which indicates a positive year over year growth rate of 33.3%. The firm is scheduled to announce its next quarterly earnings report on Thursday, February 22nd.

According to Zacks, analysts expect that Chart Industries will report full-year sales of $285.70 million for the current financial year, with estimates ranging from $963.80 million to $975.40 million. For the next fiscal year, analysts expect that the firm will post sales of $1.18 billion per share, with estimates ranging from $1.15 billion to $1.25 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that that provide coverage for Chart Industries.

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

A number of research firms have weighed in on GTLS. BidaskClub upgraded Chart Industries from a “hold” rating to a “buy” rating in a report on Friday, January 5th. Cowen set a $50.00 price target on Chart Industries and gave the stock a “hold” rating in a report on Thursday, January 4th. Lake Street Capital set a $59.00 price target on Chart Industries and gave the stock a “buy” rating in a report on Wednesday, January 3rd. Zacks Investment Research cut Chart Industries from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Finally, Seaport Global Securities upgraded Chart Industries from a “neutral” rating to a “buy” rating and set a $58.00 price target for the company in a report on Friday, October 27th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $52.67.

Chart Industries (NASDAQ:GTLS) traded up $0.95 during midday trading on Friday, reaching $53.13. The company’s stock had a trading volume of 295,938 shares, compared to its average volume of 263,984. The stock has a market cap of $1,630.00, a PE ratio of -759.00, a PEG ratio of 1.52 and a beta of 1.33. Chart Industries has a 52-week low of $32.04 and a 52-week high of $55.42. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.74 and a current ratio of 1.13.

Institutional investors have recently added to or reduced their stakes in the company. Moody National Bank Trust Division purchased a new position in shares of Chart Industries during the 4th quarter valued at approximately $228,000. Sheets Smith Wealth Management purchased a new position in shares of Chart Industries during the 4th quarter valued at approximately $239,000. Barings LLC purchased a new position in shares of Chart Industries during the 3rd quarter valued at approximately $204,000. Crossmark Global Holdings Inc. purchased a new position in shares of Chart Industries during the 3rd quarter valued at approximately $231,000. Finally, Piedmont Investment Advisors LLC purchased a new position in shares of Chart Industries during the 2nd quarter valued at approximately $231,000. Institutional investors own 86.65% of the company’s stock.

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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.

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Earnings History and Estimates for Chart Industries (NASDAQ:GTLS)

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