Chart Industries Inc. Expected to Post FY2016 Earnings of $0.90 Per Share (GTLS)
Chart Industries Inc. (NASDAQ:GTLS) – Investment analysts at Gabelli issued their FY2016 earnings per share estimates for Chart Industries in a research note issued on Tuesday. Gabelli analyst M. Trusz anticipates that the firm will post earnings per share of $0.90 for the year. Gabelli has a “Buy” rating and a $51.00 price target on the stock. Gabelli also issued estimates for Chart Industries’ FY2017 earnings at $0.90 EPS, FY2018 earnings at $1.40 EPS, FY2019 earnings at $1.90 EPS and FY2020 earnings at $2.15 EPS.
Chart Industries (NASDAQ:GTLS) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.60. The business earned $247.10 million during the quarter, compared to analysts’ expectations of $222.95 million. Chart Industries had a negative net margin of 21.63% and a positive return on equity of 4.55%. The firm’s quarterly revenue was down 8.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.60 EPS.
Several other equities analysts have also weighed in on GTLS. Zacks Investment Research lowered shares of Chart Industries from a “hold” rating to a “sell” rating in a research report on Monday, July 18th. Evercore ISI lowered shares of Chart Industries from a “buy” rating to a “hold” rating and set a $29.00 price target for the company. in a research report on Thursday, August 4th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $31.44.
Chart Industries (NASDAQ:GTLS) opened at 32.28 on Thursday. The company’s 50-day moving average is $31.55 and its 200-day moving average is $27.15. Chart Industries has a 52-week low of $13.27 and a 52-week high of $34.06. The firm’s market capitalization is $987.54 million.
Several institutional investors have recently added to or reduced their stakes in the stock. Acrospire Investment Management LLC raised its position in Chart Industries by 162.5% in the second quarter. Acrospire Investment Management LLC now owns 4,200 shares of the company’s stock worth $101,000 after buying an additional 2,600 shares during the period. Teacher Retirement System of Texas raised its position in Chart Industries by 14.0% in the second quarter. Teacher Retirement System of Texas now owns 4,249 shares of the company’s stock worth $103,000 after buying an additional 523 shares during the period. Tower Research Capital LLC TRC purchased a new position in Chart Industries during the second quarter worth approximately $113,000. Independent Portfolio Consultants Inc. purchased a new position in Chart Industries during the second quarter worth approximately $135,000. Finally, Mason Street Advisors LLC purchased a new position in Chart Industries during the second quarter worth approximately $144,000. Institutional investors own 88.30% of the company’s stock.
Chart Industries Company Profile
Chart Industries, Inc (Chart) is a diversified manufacturer of engineered equipment for the industrial gas, energy, and biomedical industries. The Company’s equipment and engineered systems are used for low-temperature and cryogenic applications. It operates through three segments, including Energy & Chemicals (E&C), Distribution & Storage (D&S), and BioMedical.
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