Chart Industries, Inc. (NASDAQ:GTLS) – Research analysts at Seaport Global Securities decreased their Q2 2019 earnings per share estimates for shares of Chart Industries in a report issued on Thursday, June 13th. Seaport Global Securities analyst W. Liptak now forecasts that the industrial products company will post earnings per share of $0.55 for the quarter, down from their previous forecast of $0.60. Seaport Global Securities also issued estimates for Chart Industries’ Q3 2019 earnings at $0.78 EPS.
Several other analysts have also issued reports on the company. Zacks Investment Research upgraded Chart Industries from a “hold” rating to a “strong-buy” rating and set a $85.00 target price on the stock in a research note on Friday, May 24th. ValuEngine lowered Chart Industries from a “buy” rating to a “hold” rating in a research note on Friday, May 24th. BidaskClub lowered Chart Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, May 14th. Finally, Lake Street Capital boosted their price objective on Chart Industries to $109.00 and gave the company a “buy” rating in a research note on Friday, February 15th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $87.14.
Shares of GTLS opened at $76.98 on Friday. The firm has a market capitalization of $2.38 billion, a price-to-earnings ratio of 32.72 and a beta of 1.19. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.71 and a current ratio of 1.11. Chart Industries has a 1 year low of $57.88 and a 1 year high of $95.66.
Chart Industries (NASDAQ:GTLS) last issued its earnings results on Thursday, April 18th. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.03). The firm had revenue of $289.30 million during the quarter, compared to the consensus estimate of $290.33 million. Chart Industries had a net margin of 7.09% and a return on equity of 8.93%. The business’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.23 earnings per share.
In related news, CAO Michael Schmit sold 464 shares of the business’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $92.65, for a total transaction of $42,989.60. Following the sale, the chief accounting officer now directly owns 1,125 shares in the company, valued at approximately $104,231.25. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.28% of the company’s stock.
Several large investors have recently added to or reduced their stakes in GTLS. Quadrant Capital Group LLC raised its stake in shares of Chart Industries by 416.9% during the 1st quarter. Quadrant Capital Group LLC now owns 336 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 271 shares during the period. Parallel Advisors LLC bought a new stake in shares of Chart Industries during the 1st quarter valued at $29,000. Fifth Third Bancorp raised its stake in shares of Chart Industries by 66.4% during the 1st quarter. Fifth Third Bancorp now owns 639 shares of the industrial products company’s stock valued at $58,000 after purchasing an additional 255 shares during the period. Manchester Capital Management LLC bought a new stake in shares of Chart Industries during the 1st quarter valued at $110,000. Finally, Advisors Preferred LLC bought a new stake in shares of Chart Industries during the 1st quarter valued at $115,000.
About Chart Industries
Chart Industries, Inc manufactures and sells engineered equipment and packaged solutions; and provides value-add services for the energy and industrial gas industries worldwide. It operates through three segments: Energy & Chemicals, Distribution & Storage Western Hemisphere, and Distribution & Storage Eastern Hemisphere segments.
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