Chart Industries, Inc. (GTLS) Expected to Announce Earnings of $0.58 Per Share
Equities analysts predict that Chart Industries, Inc. (NASDAQ:GTLS) will post $0.58 earnings per share for the current quarter, Zacks reports. Three analysts have made estimates for Chart Industries’ earnings. The highest EPS estimate is $0.63 and the lowest is $0.55. Chart Industries posted earnings of $0.30 per share in the same quarter last year, which indicates a positive year over year growth rate of 93.3%. The business is scheduled to report its next quarterly earnings results on Thursday, October 25th.
According to Zacks, analysts expect that Chart Industries will report full-year earnings of $2.02 per share for the current fiscal year, with EPS estimates ranging from $1.96 to $2.05. For the next year, analysts forecast that the firm will report earnings of $2.93 per share, with EPS estimates ranging from $2.21 to $3.80. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Chart Industries.
Chart Industries (NASDAQ:GTLS) last issued its earnings results on Thursday, July 19th. The industrial products company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.10. The firm had revenue of $319.90 million during the quarter, compared to analyst estimates of $299.54 million. Chart Industries had a net margin of 4.04% and a return on equity of 6.45%. The company’s quarterly revenue was up 34.3% on a year-over-year basis. During the same quarter last year, the business earned $0.21 earnings per share.
Several hedge funds have recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its position in Chart Industries by 3.4% during the first quarter. Principal Financial Group Inc. now owns 246,903 shares of the industrial products company’s stock valued at $14,575,000 after purchasing an additional 8,190 shares during the last quarter. Northern Trust Corp lifted its position in Chart Industries by 1.1% during the first quarter. Northern Trust Corp now owns 676,483 shares of the industrial products company’s stock valued at $39,934,000 after purchasing an additional 7,439 shares during the last quarter. Xact Kapitalforvaltning AB bought a new stake in Chart Industries during the first quarter valued at approximately $333,000. Prudential Financial Inc. lifted its position in Chart Industries by 2.4% during the first quarter. Prudential Financial Inc. now owns 52,325 shares of the industrial products company’s stock valued at $3,089,000 after purchasing an additional 1,210 shares during the last quarter. Finally, Comerica Bank lifted its position in Chart Industries by 40.1% during the first quarter. Comerica Bank now owns 45,960 shares of the industrial products company’s stock valued at $2,812,000 after purchasing an additional 13,144 shares during the last quarter. Institutional investors own 99.80% of the company’s stock.
Chart Industries traded down $0.14, reaching $76.60, on Friday, MarketBeat.com reports. 86,205 shares of the company’s stock were exchanged, compared to its average volume of 446,244. The company has a quick ratio of 1.09, a current ratio of 1.68 and a debt-to-equity ratio of 0.54. Chart Industries has a 52 week low of $32.54 and a 52 week high of $80.31. The firm has a market capitalization of $2.38 billion, a PE ratio of 79.79, a P/E/G ratio of 1.32 and a beta of 1.06.
Chart Industries Company Profile
Chart Industries, Inc manufactures and sells engineered equipment, packaged solutions, and value-add services for the industrial gas, energy, and biomedical industries worldwide. It operates in three segments: Energy & Chemicals (E&C), Distribution & Storage (D&S), and BioMedical. The E&C segment primarily provides brazed aluminum heat exchangers, Core-in-Kettle heat exchangers, air cooled heat exchangers, cold boxes, and process systems, as well as axial cooling fans for power, heating, ventilation, air conditioning, and refining end user applications.
Read More: What does EPS mean?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Chart Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chart Industries and related companies with MarketBeat.com's FREE daily email newsletter.