Q1 2018 EPS Estimates for Chart Industries, Inc. (GTLS) Increased by Analyst

Chart Industries, Inc. (NASDAQ:GTLS) – Analysts at Northcoast Research raised their Q1 2018 earnings per share (EPS) estimates for Chart Industries in a report issued on Monday. Northcoast Research analyst T. Hayes now expects that the industrial products company will post earnings of $0.28 per share for the quarter, up from their previous estimate of $0.18. Northcoast Research has a “Buy” rating and a $51.00 price target on the stock. Northcoast Research also issued estimates for Chart Industries’ Q3 2018 earnings at $0.57 EPS, FY2018 earnings at $1.64 EPS and FY2019 earnings at $2.25 EPS.

GTLS has been the subject of several other reports. Zacks Investment Research cut Chart Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Johnson Rice upgraded Chart Industries from a “hold” rating to a “buy” rating and raised their price target for the stock from $40.00 to $42.00 in a research report on Thursday, June 29th. BidaskClub upgraded Chart Industries from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Finally, Cowen and Company set a $38.00 price target on Chart Industries and gave the stock a “hold” rating in a research report on Friday, August 4th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $41.50.

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Shares of Chart Industries (NASDAQ:GTLS) traded up 0.02% on Wednesday, reaching $43.44. The company’s stock had a trading volume of 82,807 shares. Chart Industries has a 52 week low of $27.01 and a 52 week high of $43.73. The stock has a 50-day moving average of $37.41 and a 200 day moving average of $35.38. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of 114.62 and a beta of 1.28.

Chart Industries (NASDAQ:GTLS) last announced its quarterly earnings results on Thursday, July 27th. The industrial products company reported $0.21 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.21. Chart Industries had a return on equity of 3.28% and a net margin of 1.35%. The company had revenue of $238.21 million during the quarter, compared to analyst estimates of $225.76 million. During the same quarter in the previous year, the firm posted $0.72 EPS. The firm’s quarterly revenue was down 3.6% on a year-over-year basis.

A number of hedge funds have recently bought and sold shares of the business. Envestnet Asset Management Inc. lifted its holdings in Chart Industries by 2.7% during the first quarter. Envestnet Asset Management Inc. now owns 6,282 shares of the industrial products company’s stock worth $219,000 after acquiring an additional 168 shares in the last quarter. Arizona State Retirement System lifted its holdings in Chart Industries by 1.3% during the first quarter. Arizona State Retirement System now owns 16,001 shares of the industrial products company’s stock worth $559,000 after acquiring an additional 200 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. lifted its holdings in Chart Industries by 0.7% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 28,895 shares of the industrial products company’s stock worth $1,004,000 after acquiring an additional 200 shares in the last quarter. Texas Permanent School Fund lifted its holdings in Chart Industries by 0.9% during the second quarter. Texas Permanent School Fund now owns 22,426 shares of the industrial products company’s stock worth $779,000 after acquiring an additional 207 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in Chart Industries by 0.9% during the second quarter. The Manufacturers Life Insurance Company now owns 23,756 shares of the industrial products company’s stock worth $824,000 after acquiring an additional 215 shares in the last quarter. Hedge funds and other institutional investors own 85.87% of the company’s stock.

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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