Brokerages expect Chart Industries, Inc. (NASDAQ:GTLS) to announce earnings of $0.91 per share for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for Chart Industries’ earnings, with the lowest EPS estimate coming in at $0.78 and the highest estimate coming in at $1.14. Chart Industries reported earnings of $0.63 per share in the same quarter last year, which indicates a positive year over year growth rate of 44.4%. The business is scheduled to issue its next earnings results on Thursday, October 28th.
According to Zacks, analysts expect that Chart Industries will report full-year earnings of $3.83 per share for the current financial year, with EPS estimates ranging from $3.68 to $4.05. For the next year, analysts forecast that the company will post earnings of $5.65 per share, with EPS estimates ranging from $4.79 to $6.12. Zacks’ EPS averages are an average based on a survey of analysts that cover Chart Industries.
Chart Industries (NASDAQ:GTLS) last released its quarterly earnings results on Thursday, July 22nd. The industrial products company reported $0.80 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.02. Chart Industries had a net margin of 27.06% and a return on equity of 6.01%. The business had revenue of $322.00 million for the quarter, compared to analyst estimates of $320.01 million. During the same quarter in the previous year, the business earned $0.63 earnings per share. The firm’s revenue was up 11.2% compared to the same quarter last year.
NASDAQ:GTLS traded down $3.40 during trading hours on Friday, hitting $199.46. 454,025 shares of the company traded hands, compared to its average volume of 366,611. Chart Industries has a twelve month low of $64.78 and a twelve month high of $206.29. The stock has a market capitalization of $7.26 billion, a price-to-earnings ratio of 23.77 and a beta of 1.82. The company has a current ratio of 1.30, a quick ratio of 0.84 and a debt-to-equity ratio of 0.28. The firm has a 50-day moving average of $175.87 and a 200 day moving average of $156.92.
In other news, CTO Douglas A. Jr. Ducote sold 2,250 shares of the stock in a transaction that occurred on Wednesday, September 8th. The stock was sold at an average price of $191.50, for a total value of $430,875.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.63% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Virtu Financial LLC purchased a new position in shares of Chart Industries during the 2nd quarter valued at about $820,000. Bank of America Corp DE boosted its holdings in shares of Chart Industries by 2.9% during the 2nd quarter. Bank of America Corp DE now owns 310,941 shares of the industrial products company’s stock worth $45,497,000 after purchasing an additional 8,705 shares during the last quarter. Morgan Stanley boosted its holdings in shares of Chart Industries by 56.4% during the 2nd quarter. Morgan Stanley now owns 349,178 shares of the industrial products company’s stock worth $51,091,000 after purchasing an additional 125,980 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Chart Industries by 2.6% during the 2nd quarter. Wells Fargo & Company MN now owns 81,568 shares of the industrial products company’s stock worth $11,935,000 after purchasing an additional 2,101 shares during the last quarter. Finally, Walleye Capital LLC acquired a new position in Chart Industries in the second quarter valued at approximately $574,000.
Chart Industries Company Profile
Chart Industries, Inc engages in the manufacturing of engineered equipment for the industrial gas, energy, and biomedical industries. It operates through the following business segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products and Repair, Service & Leasing, and Corporate. The Cryo Tank Solutions segment supplies bulk, microbulk, and mobile equipment used in the storage, distribution, vaporization, and application of industrial gases.
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