Chart Industries, Inc. (NASDAQ:GTLS) – Research analysts at Gabelli dropped their FY2019 earnings per share (EPS) estimates for Chart Industries in a research report issued on Tuesday. Gabelli analyst M. Trusz now forecasts that the industrial products company will earn $2.55 per share for the year, down from their previous forecast of $2.75. Gabelli also issued estimates for Chart Industries’ FY2020 earnings at $2.85 EPS and FY2021 earnings at $3.20 EPS.
Several other research analysts have also commented on the company. Cowen reissued a “hold” rating and set a $40.00 price objective on shares of Chart Industries in a report on Sunday, October 22nd. Northcoast Research raised Chart Industries from a “neutral” rating to a “buy” rating and set a $51.00 target price for the company in a research note on Monday, October 9th. Zacks Investment Research raised Chart Industries from a “hold” rating to a “strong-buy” rating and set a $50.00 target price for the company in a research note on Wednesday, November 1st. Seaport Global Securities raised Chart Industries from a “neutral” rating to a “buy” rating and set a $58.00 target price for the company in a research note on Friday, October 27th. Finally, Johnson Rice reaffirmed a “buy” rating and issued a $48.00 target price (up previously from $42.00) on shares of Chart Industries in a research note on Monday, October 2nd. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $48.14.
Chart Industries (NASDAQ:GTLS) last issued its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.07. Chart Industries had a positive return on equity of 2.25% and a negative net margin of 0.21%. The company had revenue of $240.50 million during the quarter, compared to analyst estimates of $235.96 million. During the same quarter in the previous year, the firm earned $0.53 earnings per share. Chart Industries’s revenue was up 17.9% on a year-over-year basis.
Institutional investors and hedge funds have recently modified their holdings of the business. Barings LLC purchased a new stake in Chart Industries in the third quarter worth approximately $204,000. SG Americas Securities LLC boosted its stake in shares of Chart Industries by 42.7% during the second quarter. SG Americas Securities LLC now owns 6,657 shares of the industrial products company’s stock valued at $231,000 after purchasing an additional 1,992 shares during the period. Piedmont Investment Advisors LLC purchased a new stake in shares of Chart Industries during the second quarter valued at approximately $231,000. Crossmark Global Holdings Inc. purchased a new stake in shares of Chart Industries during the third quarter valued at approximately $231,000. Finally, Municipal Employees Retirement System of Michigan boosted its stake in shares of Chart Industries by 3.4% during the second quarter. Municipal Employees Retirement System of Michigan now owns 7,240 shares of the industrial products company’s stock valued at $251,000 after purchasing an additional 240 shares during the period. 86.75% of the stock is owned by institutional investors and hedge funds.
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Chart Industries Company Profile
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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