Chart Industries, Inc. (NASDAQ:GTLS) – Analysts at Gabelli raised their FY2018 earnings estimates for shares of Chart Industries in a report issued on Tuesday. Gabelli analyst M. Trusz now expects that the industrial products company will post earnings per share of $1.95 for the year, up from their previous estimate of $1.85.

Chart Industries (NASDAQ:GTLS) last posted its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.07. Chart Industries had a negative net margin of 0.21% and a positive return on equity of 2.25%. The firm had revenue of $240.50 million for the quarter, compared to the consensus estimate of $235.96 million. During the same quarter in the previous year, the company earned $0.53 earnings per share. The business’s revenue was up 17.9% compared to the same quarter last year.

Other equities research analysts also recently issued research reports about the stock. BidaskClub downgraded shares of Chart Industries from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Seaport Global Securities raised Chart Industries from a “neutral” rating to a “buy” rating and set a $58.00 price target for the company in a report on Friday, October 27th. Northcoast Research raised Chart Industries from a “neutral” rating to a “buy” rating and set a $51.00 price target for the company in a report on Monday, October 9th. Johnson Rice reaffirmed a “buy” rating and issued a $48.00 price target (up from $42.00) on shares of Chart Industries in a report on Monday, October 2nd. Finally, Lake Street Capital lifted their price target on Chart Industries from $48.00 to $55.00 and gave the company a “buy” rating in a report on Friday, October 27th. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $48.14.

Shares of Chart Industries (GTLS) traded down $0.56 during trading hours on Wednesday, hitting $46.01. 308,400 shares of the stock traded hands, compared to its average volume of 230,737. Chart Industries has a 52 week low of $32.04 and a 52 week high of $48.78. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.13 and a quick ratio of 0.74. The firm has a market cap of $1,433.01, a P/E ratio of 89.56, a PEG ratio of 2.77 and a beta of 1.32.

Several institutional investors have recently bought and sold shares of GTLS. Eagle Asset Management Inc. grew its position in shares of Chart Industries by 176.4% during the 3rd quarter. Eagle Asset Management Inc. now owns 1,448,392 shares of the industrial products company’s stock worth $58,297,000 after buying an additional 924,284 shares during the period. SG Capital Management LLC acquired a new position in shares of Chart Industries in the 3rd quarter valued at approximately $13,381,000. Dimensional Fund Advisors LP grew its position in shares of Chart Industries by 12.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,350,503 shares of the industrial products company’s stock valued at $81,633,000 after purchasing an additional 260,913 shares during the period. Cramer Rosenthal Mcglynn LLC acquired a new position in shares of Chart Industries in the 3rd quarter valued at approximately $8,409,000. Finally, Vivaldi Asset Management LLC acquired a new position in shares of Chart Industries in the 2nd quarter valued at approximately $2,858,000. Institutional investors own 86.75% of the company’s stock.

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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.

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

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