Analysts expect that Chart Industries, Inc. (NASDAQ:GTLS) will post sales of $337.55 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Chart Industries’ earnings, with the lowest sales estimate coming in at $326.80 million and the highest estimate coming in at $348.30 million. Chart Industries posted sales of $319.90 million in the same quarter last year, which suggests a positive year-over-year growth rate of 5.5%. The business is scheduled to report its next earnings report on Thursday, July 18th.
On average, analysts expect that Chart Industries will report full year sales of $1.29 billion for the current year. For the next financial year, analysts forecast that the firm will post sales of $1.51 billion, with estimates ranging from $1.38 billion to $1.66 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Chart Industries.
Chart Industries (NASDAQ:GTLS) last issued its earnings results 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). The company had revenue of $289.30 million for the quarter, compared to analysts’ expectations of $290.33 million. Chart Industries had a return on equity of 8.93% and a net margin of 7.09%. The business’s revenue was up 18.5% compared to the same quarter last year. During the same period last year, the business posted $0.23 earnings per share.
A number of equities analysts have recently commented on the stock. Zacks Investment Research raised shares of Chart Industries from a “hold” rating to a “buy” rating and set a $98.00 target price on the stock in a research report on Wednesday, April 10th. ValuEngine lowered shares of Chart Industries from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, April 3rd. Finally, BidaskClub lowered shares of Chart Industries from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, April 10th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Chart Industries presently has a consensus rating of “Buy” and a consensus price target of $90.39.
Shares of NASDAQ:GTLS opened at $84.43 on Tuesday. The company has a market cap of $2.68 billion, a PE ratio of 41.80 and a beta of 1.17. Chart Industries has a one year low of $56.14 and a one year high of $95.66. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.17 and a current ratio of 1.11.
In related news, CAO Michael Schmit sold 464 shares of Chart Industries stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $92.65, for a total transaction of $42,989.60. Following the transaction, 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 filing with the SEC, which is accessible through this link. Also, Director W Douglas Brown sold 8,500 shares of Chart Industries stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $84.84, for a total transaction of $721,140.00. Following the transaction, the director now directly owns 9,966 shares in the company, valued at $845,515.44. The disclosure for this sale can be found here. Company insiders own 2.60% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. Silvant Capital Management LLC purchased a new position in Chart Industries during the fourth quarter valued at approximately $184,000. Strs Ohio purchased a new position in Chart Industries during the first quarter valued at approximately $199,000. Jane Street Group LLC purchased a new position in Chart Industries during the third quarter valued at approximately $271,000. Dorsey & Whitney Trust CO LLC increased its holdings in Chart Industries by 20.7% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 4,478 shares of the industrial products company’s stock valued at $291,000 after buying an additional 768 shares during the period. Finally, Amalgamated Bank increased its holdings in Chart Industries by 33.6% during the fourth quarter. Amalgamated Bank now owns 4,628 shares of the industrial products company’s stock valued at $301,000 after buying an additional 1,164 shares during the period.
About Chart Industries
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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