Analysts Anticipate Chart Industries, Inc. (NYSE:GTLS) Will Announce Quarterly Sales of $410.05 Million

Analysts expect Chart Industries, Inc. (NYSE:GTLS – Get Rating) to report sales of $410.05 million for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Chart Industries’ earnings. The lowest sales estimate is $386.00 million and the highest is $446.00 million. Chart Industries reported sales of $322.00 million during the same quarter last year, which suggests a positive year-over-year growth rate of 27.3%. The business is expected to announce its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Chart Industries will report full year sales of $1.77 billion for the current year, with estimates ranging from $1.76 billion to $1.78 billion. For the next fiscal year, analysts forecast that the firm will post sales of $2.15 billion, with estimates ranging from $2.02 billion to $2.38 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Chart Industries.

Chart Industries (NYSE:GTLS – Get Rating) last posted its quarterly earnings data on Friday, April 29th. The industrial products company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.10. The firm had revenue of $354.10 million for the quarter, compared to analysts’ expectations of $354.18 million. Chart Industries had a return on equity of 7.70% and a net margin of 4.49%. The company’s quarterly revenue was up 22.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.74 EPS.

Several research analysts have weighed in on the company. StockNews.com upgraded Chart Industries to a “sell” rating in a research report on Tuesday, March 22nd. Cowen reduced their target price on Chart Industries from $186.00 to $171.00 and set an “outperform” rating on the stock in a report on Monday, February 28th. Barclays reduced their target price on Chart Industries from $212.00 to $189.00 and set an “overweight” rating on the stock in a report on Tuesday, March 1st. Citigroup reduced their target price on Chart Industries from $198.00 to $167.00 in a report on Friday, January 28th. Finally, Wells Fargo & Company increased their target price on Chart Industries from $200.00 to $205.00 in a report on Monday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $193.07.

Institutional investors and hedge funds have recently modified their holdings of the company. USA Financial Portformulas Corp bought a new position in shares of Chart Industries during the third quarter worth about $144,000. Duality Advisers LP bought a new position in shares of Chart Industries during the fourth quarter worth about $266,000. Nomura Asset Management Co. Ltd. increased its holdings in Chart Industries by 4.4% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 68,910 shares of the industrial products company’s stock worth $10,990,000 after purchasing an additional 2,880 shares in the last quarter. Hood River Capital Management LLC increased its holdings in Chart Industries by 13.2% in the third quarter. Hood River Capital Management LLC now owns 465,432 shares of the industrial products company’s stock worth $88,949,000 after purchasing an additional 54,123 shares in the last quarter. Finally, Aristotle Atlantic Partners LLC increased its holdings in Chart Industries by 4.3% in the third quarter. Aristotle Atlantic Partners LLC now owns 25,659 shares of the industrial products company’s stock worth $4,904,000 after purchasing an additional 1,068 shares in the last quarter.

GTLS stock opened at $185.79 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.23 and a quick ratio of 0.77. The stock has a market capitalization of $6.80 billion, a price-to-earnings ratio of 129.02 and a beta of 1.61. The business’s fifty day moving average price is $166.92 and its two-hundred day moving average price is $158.19. Chart Industries has a fifty-two week low of $108.29 and a fifty-two week high of $206.29.

About Chart Industries (Get Rating)

Chart Industries, Inc manufactures and sells engineered equipment for the energy and industrial gas industries worldwide. The company operates through four segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products, and Repair, Service & Leasing. It provides bulk and packaged gas cryogenic solutions for the storage, distribution, vaporization, and application of industrial gases; cryogenic trailers, ISO containers, bulk storage tanks, loading facilities, and regasification equipment for delivering liquefied natural gas (LNG) into virtual pipeline applications; and large vacuum insulated storage tanks as equipment for purchasers of standard liquefaction plants.

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