Chart Industries, Inc. (NASDAQ:GTLS) – Research analysts at Seaport Res Ptn increased their Q3 2021 earnings per share (EPS) estimates for shares of Chart Industries in a research report issued to clients and investors on Thursday, June 3rd. Seaport Res Ptn analyst W. Liptak now forecasts that the industrial products company will post earnings of $1.06 per share for the quarter, up from their prior estimate of $1.05. Seaport Res Ptn also issued estimates for Chart Industries’ Q3 2022 earnings at $1.31 EPS and FY2022 earnings at $5.06 EPS. Chart Industries (NASDAQ:GTLS) last issued its quarterly earnings data on Wednesday, April 21st. The industrial products company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.06. Chart Industries had a return on equity of 5.76% and a net margin of 28.47%. The business had revenue of $288.50 million for the quarter, compared to the consensus estimate of $309.68 million. During the same period in the prior year, the business posted $0.57 earnings per share. The company’s quarterly revenue was down 10.2% compared to the same quarter last year.
Several other equities research analysts also recently weighed in on GTLS. Morgan Stanley increased their price target on Chart Industries from $145.00 to $165.00 and gave the stock an “overweight” rating in a report on Wednesday, March 31st. TheStreet downgraded Chart Industries from a “b-” rating to a “c” rating in a report on Thursday, April 22nd. Northland Securities increased their price objective on Chart Industries from $137.00 to $170.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 23rd. Zacks Investment Research cut Chart Industries from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 20th. Finally, Credit Suisse Group increased their price objective on Chart Industries from $128.00 to $151.00 and gave the stock an “outperform” rating in a research note on Thursday, February 25th. One analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Chart Industries currently has an average rating of “Buy” and an average price target of $134.33.
Shares of NASDAQ GTLS opened at $142.89 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.66 and a current ratio of 1.08. The business has a 50 day simple moving average of $147.21. Chart Industries has a fifty-two week low of $37.94 and a fifty-two week high of $167.39. The stock has a market capitalization of $5.19 billion, a P/E ratio of 16.24 and a beta of 1.84.
A number of hedge funds and other institutional investors have recently made changes to their positions in GTLS. KBC Group NV bought a new stake in Chart Industries during the 4th quarter valued at $27,000. Parkside Financial Bank & Trust boosted its position in shares of Chart Industries by 388.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 264 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 210 shares in the last quarter. Capital Asset Advisory Services LLC acquired a new stake in shares of Chart Industries in the 4th quarter worth $31,000. Valeo Financial Advisors LLC acquired a new stake in shares of Chart Industries in the 1st quarter worth $31,000. Finally, FORA Capital LLC acquired a new stake in shares of Chart Industries in the 1st quarter worth $34,000.
Chart Industries Company Profile
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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