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

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.

A number of institutional investors have recently bought and sold shares of GTLS. Barings LLC acquired a new stake in Chart Industries in the third quarter valued at $204,000. Moody National Bank Trust Division acquired a new stake in Chart Industries in the fourth quarter valued at $228,000. Piedmont Investment Advisors LLC acquired a new stake in Chart Industries in the second quarter valued at $231,000. Crossmark Global Holdings Inc. acquired a new stake in Chart Industries in the third quarter valued at $231,000. Finally, Sheets Smith Wealth Management acquired a new stake in Chart Industries in the fourth quarter valued at $239,000. 84.82% of the stock is currently owned by institutional investors.

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.

ILLEGAL ACTIVITY WARNING: This story was originally published by American Banking News and is owned by of American Banking News. If you are viewing this story on another domain, it was illegally copied and republished in violation of US and international copyright and trademark law. The legal version of this story can be accessed at https://www.americanbankingnews.com/2018/02/05/chart-industries-inc-gtls-expected-to-post-quarterly-sales-of-285-70-million-2.html.

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.

Get a free copy of the Zacks research report on Chart Industries (GTLS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Chart Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chart Industries and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply