Zacks: Brokerages Expect Chart Industries, Inc. (GTLS) Will Post Earnings of $0.52 Per Share
Equities research analysts expect Chart Industries, Inc. (NASDAQ:GTLS) to announce earnings of $0.52 per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Chart Industries’ earnings. The highest EPS estimate is $0.57 and the lowest is $0.46. Chart Industries reported earnings of $0.46 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 13%. The business is expected to announce its next quarterly earnings report on Thursday, February 28th.
According to Zacks, analysts expect that Chart Industries will report full-year earnings of $2.04 per share for the current year, with EPS estimates ranging from $2.00 to $2.13. For the next financial year, analysts forecast that the firm will post earnings of $2.74 per share, with EPS estimates ranging from $2.62 to $2.95. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that cover Chart Industries.
Chart Industries (NASDAQ:GTLS) last issued its earnings results on Thursday, October 18th. The industrial products company reported $0.74 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.19. The firm had revenue of $272.20 million during the quarter, compared to analysts’ expectations of $314.52 million. Chart Industries had a net margin of 5.69% and a return on equity of 8.31%. The firm’s revenue for the quarter was up 34.3% compared to the same quarter last year. During the same period last year, the firm posted $0.22 earnings per share.
Large investors have recently modified their holdings of the stock. C M Bidwell & Associates Ltd. purchased a new stake in shares of Chart Industries in the 3rd quarter valued at approximately $127,000. Quantbot Technologies LP purchased a new stake in Chart Industries in the 3rd quarter worth approximately $134,000. Greenwood Capital Associates LLC purchased a new stake in Chart Industries in the 2nd quarter worth approximately $214,000. Thompson Siegel & Walmsley LLC purchased a new stake in Chart Industries in the 2nd quarter worth approximately $216,000. Finally, Ibex Investors LLC purchased a new stake in Chart Industries in the 3rd quarter worth approximately $216,000.
Shares of NASDAQ:GTLS opened at $60.27 on Wednesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.13 and a quick ratio of 1.53. The company has a market capitalization of $1.90 billion, a P/E ratio of 30.75, a PEG ratio of 1.03 and a beta of 1.27. Chart Industries has a 52 week low of $43.50 and a 52 week high of $80.31.
Chart Industries Company Profile
Chart Industries, Inc manufactures and sells engineered equipment, packaged solutions, and value-add services for the industrial gas, energy, and biomedical industries worldwide. It operates in three segments: Energy & Chemicals (E&C), Distribution & Storage (D&S), and BioMedical. The E&C segment primarily provides brazed aluminum heat exchangers, Core-in-Kettle heat exchangers, air cooled heat exchangers, cold boxes, and process systems, as well as axial cooling fans for power, heating, ventilation, air conditioning, and refining end user applications.
Read More: Debt-To-Equity Ratio
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Chart Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chart Industries and related companies with MarketBeat.com's FREE daily email newsletter.