Chart Industries, Inc. (GTLS) to Post FY2018 Earnings of $1.95 Per Share, Gabelli Forecasts
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.
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.
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.
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