Chart Industries, Inc. (NASDAQ:GTLS) – Research analysts at Gabelli boosted their FY2017 EPS estimates for shares of Chart Industries in a research report issued on Monday, according to Zacks Investment Research. Gabelli analyst M. Trusz now expects that the industrial products company will earn $0.75 per share for the year, up from their previous forecast of $0.70.
Chart Industries (NASDAQ:GTLS) last issued its earnings results on Thursday, February 23rd. The industrial products company reported $0.00 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by $0.09. The business earned $214.40 million during the quarter, compared to analysts’ expectations of $215.40 million. Chart Industries had a positive return on equity of 6.10% and a negative net margin of 21.93%. Chart Industries’s revenue for the quarter was down 17.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.19 EPS. TRADEMARK VIOLATION WARNING: This news story was originally posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are reading this news story on another domain, it was illegally copied and republished in violation of U.S. & international trademark and copyright law. The legal version of this news story can be accessed at https://www.chaffeybreeze.com/2017/04/21/fy2017-eps-estimates-for-chart-industries-inc-gtls-lifted-by-gabelli-updated.html.
Other research analysts also recently issued research reports about the stock. TheStreet raised shares of Chart Industries from a “d+” rating to a “c” rating in a research note on Friday, February 24th. Lake Street Capital upgraded shares of Chart Industries from a “hold” rating to a “buy” rating and increased their target price for the stock from $32.00 to $44.00 in a report on Friday, February 24th. Finally, Zacks Investment Research cut shares of Chart Industries from a “buy” rating to a “hold” rating in a report on Monday, February 27th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $39.50.
Shares of Chart Industries (NASDAQ:GTLS) traded down 1.45% during trading on Wednesday, reaching $34.01. 50,924 shares of the company were exchanged. Chart Industries has a 1-year low of $21.80 and a 1-year high of $40.87. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of 37.37 and a beta of 1.62. The stock’s 50 day moving average is $34.55 and its 200 day moving average is $35.42.
A number of hedge funds and other institutional investors have recently modified their holdings of GTLS. TD Asset Management Inc. boosted its position in shares of Chart Industries by 66.9% in the third quarter. TD Asset Management Inc. now owns 27,200 shares of the industrial products company’s stock valued at $893,000 after buying an additional 10,900 shares during the last quarter. Aperio Group LLC boosted its position in shares of Chart Industries by 2.9% in the third quarter. Aperio Group LLC now owns 14,262 shares of the industrial products company’s stock valued at $468,000 after buying an additional 405 shares during the last quarter. First Trust Advisors LP acquired a new position in shares of Chart Industries during the third quarter valued at about $588,000. Peregrine Capital Management LLC acquired a new position in shares of Chart Industries during the third quarter valued at about $7,377,000. Finally, Rothschild Asset Management Inc. boosted its position in shares of Chart Industries by 6.6% in the third quarter. Rothschild Asset Management Inc. now owns 287,818 shares of the industrial products company’s stock valued at $9,449,000 after buying an additional 17,864 shares during the last quarter. Institutional investors own 89.29% of the company’s stock.
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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