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.

A number of equities analysts have recently commented on GTLS shares. Northcoast Research set a $71.00 price objective on shares of Chart Industries and gave the company a “buy” rating in a research report on Monday, April 23rd. BidaskClub upgraded shares of Chart Industries from a “hold” rating to a “buy” rating in a research report on Friday, July 20th. ValuEngine upgraded shares of Chart Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Lake Street Capital restated a “buy” rating and issued a $71.00 price objective (up from $64.00) on shares of Chart Industries in a research report on Thursday, April 19th. Finally, Zacks Investment Research upgraded shares of Chart Industries from a “hold” rating to a “strong-buy” rating and set a $75.00 price objective for the company in a research report on Thursday, June 21st. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $70.67.

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.

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