Chart Industries, Inc. (NASDAQ:GTLS) – Investment analysts at Northcoast Research lifted their FY2019 earnings per share estimates for shares of Chart Industries in a report issued on Friday, according to Zacks Investment Research. Northcoast Research analyst T. Hayes now forecasts that the industrial products company will post earnings of $2.90 per share for the year, up from their prior estimate of $2.66.
Chart Industries (NASDAQ:GTLS) last announced its quarterly earnings results on Thursday, February 22nd. The industrial products company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.31 by $0.15. Chart Industries had a net margin of 2.84% and a return on equity of 4.44%. The company had revenue of $306.00 million for the quarter, compared to analyst estimates of $282.19 million. The business’s revenue was up 42.7% compared to the same quarter last year.
Several other brokerages have also commented on GTLS. Alembic Global Advisors restated a “hold” rating on shares of Chart Industries in a research note on Thursday, March 8th. Zacks Investment Research upgraded shares of Chart Industries from a “hold” rating to a “buy” rating and set a $63.00 price target on the stock in a research note on Friday, February 23rd. TheStreet upgraded shares of Chart Industries from a “c” rating to a “b-” rating in a research note on Friday, March 2nd. BidaskClub upgraded shares of Chart Industries from a “hold” rating to a “buy” rating in a research note on Friday, January 5th. Finally, Cowen set a $50.00 price objective on shares of Chart Industries and gave the company a “hold” rating in a research note on Thursday, January 4th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Chart Industries currently has a consensus rating of “Buy” and an average target price of $54.83.
Shares of Chart Industries (NASDAQ GTLS) traded down $0.81 during trading hours on Monday, hitting $59.92. 201,410 shares of the company’s stock traded hands, compared to its average volume of 298,738. Chart Industries has a 12 month low of $32.04 and a 12 month high of $61.75. The firm has a market capitalization of $1,895.50, a price-to-earnings ratio of 67.55, a P/E/G ratio of 1.33 and a beta of 1.19. The company has a quick ratio of 1.10, a current ratio of 1.64 and a debt-to-equity ratio of 0.55.
Several hedge funds and other institutional investors have recently bought and sold shares of GTLS. Carillon Tower Advisers Inc. acquired a new position in shares of Chart Industries during the fourth quarter valued at approximately $52,412,000. Eagle Asset Management Inc. boosted its holdings in 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 in the last quarter. SG Capital Management LLC bought a new stake in Chart Industries during the third quarter worth approximately $13,381,000. Castleark Management LLC bought a new stake in Chart Industries during the fourth quarter worth approximately $11,044,000. Finally, Cramer Rosenthal Mcglynn LLC bought a new stake in Chart Industries during the third quarter worth approximately $8,409,000. Institutional investors and hedge funds own 94.45% of the company’s stock.
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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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