Zacks: Analysts Expect Chart Industries, Inc. (GTLS) to Post $0.32 EPS
Analysts forecast that Chart Industries, Inc. (NASDAQ:GTLS) will post earnings per share of $0.32 for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Chart Industries’ earnings, with estimates ranging from $0.29 to $0.39. The firm is expected to report its next earnings report before the market opens on Thursday, February 22nd.
According to Zacks, analysts expect that Chart Industries will report full year earnings of $0.84 per share for the current financial year, with EPS estimates ranging from $0.81 to $0.90. For the next financial year, analysts forecast that the business will post earnings of $1.75 per share, with EPS estimates ranging from $1.42 to $1.99. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Chart Industries.
A number of equities analysts have weighed in on GTLS shares. Cowen reaffirmed a “hold” rating and issued a $40.00 target price on shares of Chart Industries in a research note on Sunday, October 22nd. Seaport Global Securities raised shares of Chart Industries from a “neutral” rating to a “buy” rating and set a $58.00 target price for the company in a research note on Friday, October 27th. Lake Street Capital boosted their target price on shares of Chart Industries from $48.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. Zacks Investment Research raised shares of Chart Industries from a “hold” rating to a “strong-buy” rating and set a $50.00 target price for the company in a research note on Wednesday, November 1st. Finally, BidaskClub downgraded shares of Chart Industries from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, December 6th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Chart Industries presently has a consensus rating of “Buy” and an average price target of $53.00.
Several institutional investors and hedge funds have recently bought and sold shares of GTLS. Carillon Tower Advisers Inc. bought a new stake in shares of Chart Industries during the fourth quarter worth approximately $52,412,000. Eagle Asset Management Inc. raised its stake in shares of Chart Industries by 176.4% during the third 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 last quarter. SG Capital Management LLC bought a new stake in shares of Chart Industries during the third quarter worth approximately $13,381,000. Castleark Management LLC bought a new stake in shares of Chart Industries during the fourth quarter worth approximately $11,044,000. Finally, Cramer Rosenthal Mcglynn LLC bought a new stake in shares of Chart Industries during the third quarter worth approximately $8,409,000. 89.23% of the stock is owned by institutional investors and hedge funds.
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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.
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