Chart Industries, Inc. (NASDAQ:GTLS) – Stock analysts at Northcoast Research decreased their FY2019 EPS estimates for shares of Chart Industries in a report released on Friday, October 18th. Northcoast Research analyst T. Hayes now anticipates that the industrial products company will earn $2.83 per share for the year, down from their prior forecast of $3.00. Northcoast Research also issued estimates for Chart Industries’ Q4 2019 earnings at $0.99 EPS, Q1 2020 earnings at $0.81 EPS, Q2 2020 earnings at $1.16 EPS, Q3 2020 earnings at $1.34 EPS, Q4 2020 earnings at $1.60 EPS and FY2020 earnings at $4.90 EPS.
Several other research firms also recently weighed in on GTLS. Lake Street Capital set a $109.00 price objective on shares of Chart Industries and gave the stock a “buy” rating in a report on Friday. JPMorgan Chase & Co. started coverage on shares of Chart Industries in a report on Wednesday, September 25th. They issued a “neutral” rating and a $73.00 price objective for the company. Zacks Investment Research downgraded shares of Chart Industries from a “buy” rating to a “hold” rating in a report on Friday, October 11th. BidaskClub downgraded shares of Chart Industries from a “sell” rating to a “strong sell” rating in a report on Thursday, October 3rd. Finally, Morgan Stanley reduced their price objective on shares of Chart Industries from $100.00 to $90.00 and set an “overweight” rating for the company in a report on Tuesday, October 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. Chart Industries presently has a consensus rating of “Hold” and an average target price of $79.79.
Chart Industries (NASDAQ:GTLS) last posted its quarterly earnings data on Thursday, October 17th. The industrial products company reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.01). The company had revenue of $357.80 million during the quarter, compared to analyst estimates of $378.53 million. Chart Industries had a return on equity of 8.10% and a net margin of 6.55%. The business’s revenue for the quarter was up 31.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.74 EPS.
In other Chart Industries news, Director Carey Chen purchased 3,403 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were purchased at an average cost of $59.73 per share, for a total transaction of $203,261.19. Following the completion of the transaction, the director now owns 5,500 shares in the company, valued at $328,515. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.28% of the stock is currently owned by insiders.
Institutional investors have recently modified their holdings of the business. Oppenheimer Asset Management Inc. bought a new stake in Chart Industries in the second quarter worth about $52,000. Point72 Hong Kong Ltd raised its position in Chart Industries by 2,000.0% in the second quarter. Point72 Hong Kong Ltd now owns 945 shares of the industrial products company’s stock worth $73,000 after acquiring an additional 900 shares in the last quarter. Royal Bank of Canada raised its holdings in Chart Industries by 62.9% during the 2nd quarter. Royal Bank of Canada now owns 1,417 shares of the industrial products company’s stock worth $108,000 after buying an additional 547 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Chart Industries by 18.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,967 shares of the industrial products company’s stock worth $123,000 after buying an additional 311 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. raised its holdings in Chart Industries by 858.9% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,774 shares of the industrial products company’s stock worth $135,000 after buying an additional 1,589 shares during the period.
Chart Industries Company Profile
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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