Analysts expect that Chart Industries, Inc. (NASDAQ:GTLS) will post $283.30 million in sales for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Chart Industries’ earnings, with the highest sales estimate coming in at $291.40 million and the lowest estimate coming in at $272.50 million. Chart Industries reported sales of $306.00 million during the same quarter last year, which would suggest a negative year over year growth rate of 7.4%. The business is scheduled to issue its next earnings results before the market opens on Thursday, February 14th.
According to Zacks, analysts expect that Chart Industries will report full year sales of $1.10 billion for the current year, with estimates ranging from $1.07 billion to $1.16 billion. For the next year, analysts anticipate that the business will report sales of $1.28 billion, with estimates ranging from $1.26 billion to $1.29 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Chart Industries.
Several research firms recently weighed in on GTLS. BidaskClub raised shares of Chart Industries from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Zacks Investment Research raised Chart Industries from a “hold” rating to a “strong-buy” rating and set a $94.00 price target for the company in a report on Wednesday. Finally, Evercore ISI raised Chart Industries from an “in-line” rating to an “outperform” rating and set a $63.56 price target for the company in a report on Sunday, December 9th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Chart Industries has a consensus rating of “Buy” and an average price target of $81.71.
A number of institutional investors have recently made changes to their positions in the business. Bank of Montreal Can raised its holdings in Chart Industries by 4.6% during the third quarter. Bank of Montreal Can now owns 45,957 shares of the industrial products company’s stock worth $3,600,000 after purchasing an additional 2,028 shares in the last quarter. Scout Investments Inc. raised its holdings in Chart Industries by 2.2% during the third quarter. Scout Investments Inc. now owns 53,873 shares of the industrial products company’s stock worth $4,220,000 after purchasing an additional 1,166 shares in the last quarter. Seven Eight Capital LP purchased a new position in Chart Industries during the third quarter worth about $1,402,000. Fisher Asset Management LLC raised its holdings in Chart Industries by 58.5% during the third quarter. Fisher Asset Management LLC now owns 61,443 shares of the industrial products company’s stock worth $4,813,000 after purchasing an additional 22,677 shares in the last quarter. Finally, First Trust Advisors LP raised its holdings in Chart Industries by 19.5% during the third quarter. First Trust Advisors LP now owns 7,701 shares of the industrial products company’s stock worth $603,000 after purchasing an additional 1,257 shares in the last quarter.
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.
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