Equities research analysts predict that Chart Industries, Inc. (NASDAQ:GTLS) will post sales of $285.70 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Chart Industries’ earnings. The lowest sales estimate is $281.00 million and the highest is $292.60 million. Chart Industries posted sales of $214.37 million during the same quarter last year, which would indicate a positive year over year growth rate of 33.3%. The firm is expected to report its next quarterly earnings report before the market opens on Thursday, February 22nd.
On average, analysts expect that Chart Industries will report full year sales of $285.70 million for the current fiscal year, with estimates ranging from $963.80 million to $975.40 million. For the next year, analysts forecast that the business will report sales of $1.18 billion per share, with estimates ranging from $1.15 billion to $1.25 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Chart Industries.
A number of brokerages recently weighed in on GTLS. BidaskClub raised Chart Industries from a “hold” rating to a “buy” rating in a report on Friday, January 5th. Cowen set a $50.00 price objective on Chart Industries and gave the stock a “hold” rating in a report on Thursday, January 4th. Lake Street Capital set a $59.00 target price on Chart Industries and gave the company a “buy” rating in a report on Wednesday, January 3rd. Zacks Investment Research lowered Chart Industries from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Finally, Seaport Global Securities raised Chart Industries from a “neutral” rating to a “buy” rating and set a $58.00 target price on the stock in a report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $52.67.
Chart Industries (GTLS) opened at $48.63 on Monday. Chart Industries has a twelve month low of $32.04 and a twelve month high of $55.42. The firm has a market capitalization of $1,496.40, a price-to-earnings ratio of 93.52, a P/E/G ratio of 1.39 and a beta of 1.38. The company has a current ratio of 1.13, a quick ratio of 0.74 and a debt-to-equity ratio of 0.42.
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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