Northcoast Research Weighs in on Chart Industries, Inc.’s Q2 2019 Earnings (GTLS)
Chart Industries, Inc. (NASDAQ:GTLS) – Stock analysts at Northcoast Research dropped their Q2 2019 earnings per share (EPS) estimates for shares of Chart Industries in a research note issued on Wednesday, May 22nd. Northcoast Research analyst T. Hayes now expects that the industrial products company will post earnings per share of $0.65 for the quarter, down from their previous forecast of $0.66. Northcoast Research also issued estimates for Chart Industries’ Q3 2019 earnings at $0.93 EPS, Q4 2019 earnings at $1.04 EPS, Q2 2020 earnings at $1.28 EPS and Q3 2020 earnings at $1.52 EPS.
GTLS has been the topic of a number of other reports. Zacks Investment Research raised Chart Industries from a “hold” rating to a “buy” rating and set a $86.00 target price on the stock in a research report on Wednesday, February 6th. Gabelli lowered Chart Industries from a “buy” rating to a “hold” rating in a research report on Friday, February 15th. BidaskClub lowered Chart Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, May 14th. Finally, Lake Street Capital boosted their target price on Chart Industries to $109.00 and gave the stock a “buy” rating in a research report on Friday, February 15th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $90.39.
Chart Industries (NASDAQ:GTLS) last posted its quarterly earnings data on Thursday, April 18th. The industrial products company reported $0.39 EPS for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.03). Chart Industries had a return on equity of 8.93% and a net margin of 7.09%. The firm had revenue of $289.30 million during the quarter, compared to the consensus estimate of $290.33 million. During the same period in the prior year, the firm posted $0.23 EPS. The firm’s quarterly revenue was up 18.5% on a year-over-year basis.
Institutional investors have recently made changes to their positions in the company. Redwood Investments LLC acquired a new stake in shares of Chart Industries during the first quarter worth $13,601,000. Squarepoint Ops LLC grew its holdings in shares of Chart Industries by 294.4% during the fourth quarter. Squarepoint Ops LLC now owns 10,555 shares of the industrial products company’s stock valued at $686,000 after buying an additional 7,879 shares in the last quarter. Stifel Financial Corp purchased a new position in shares of Chart Industries during the fourth quarter valued at $10,391,000. Oregon Public Employees Retirement Fund purchased a new position in shares of Chart Industries during the fourth quarter valued at $772,000. Finally, Victory Capital Management Inc. grew its holdings in shares of Chart Industries by 393.3% during the fourth quarter. Victory Capital Management Inc. now owns 24,529 shares of the industrial products company’s stock valued at $1,595,000 after buying an additional 19,557 shares in the last quarter.
In other news, CAO Michael Schmit sold 464 shares of the business’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $92.65, for a total transaction of $42,989.60. Following the sale, the chief accounting officer now directly owns 1,125 shares of the company’s stock, valued at $104,231.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.28% of the stock is owned by insiders.
Chart Industries Company Profile
Chart Industries, Inc manufactures and sells engineered equipment and packaged solutions; and provides value-add services for the energy and industrial gas industries worldwide. It operates through three segments: Energy & Chemicals, Distribution & Storage Western Hemisphere, and Distribution & Storage Eastern Hemisphere segments.
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