Wall Street brokerages forecast that Chart Industries, Inc. (NASDAQ:GTLS) will announce $317.37 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Chart Industries’ earnings, with the lowest sales estimate coming in at $312.20 million and the highest estimate coming in at $325.90 million. Chart Industries posted sales of $319.90 million during the same quarter last year, which indicates a negative year-over-year growth rate of 0.8%. The company is scheduled to issue its next quarterly earnings report on Thursday, July 18th.
On average, analysts expect that Chart Industries will report full year sales of $1.41 billion for the current year, with estimates ranging from $1.35 billion to $1.44 billion. For the next year, analysts forecast that the business will post sales of $1.68 billion, with estimates ranging from $1.56 billion to $1.74 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Chart Industries.
Chart Industries (NASDAQ:GTLS) last posted its quarterly earnings results on Thursday, April 18th. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.03). Chart Industries had a return on equity of 8.93% and a net margin of 7.09%. The business had revenue of $289.30 million during the quarter, compared to the consensus estimate of $290.33 million. During the same quarter in the previous year, the business posted $0.23 earnings per share. The company’s quarterly revenue was up 18.5% compared to the same quarter last year.
Shares of Chart Industries stock traded down $1.68 during trading hours on Friday, reaching $75.30. The company’s stock had a trading volume of 1,031,170 shares, compared to its average volume of 498,036. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.71 and a current ratio of 1.11. Chart Industries has a one year low of $57.88 and a one year high of $95.66. The company has a market cap of $2.39 billion, a P/E ratio of 37.28 and a beta of 1.19.
In related news, CAO Michael Schmit sold 464 shares of Chart Industries stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $92.65, for a total value of $42,989.60. Following the sale, the chief accounting officer now directly owns 1,125 shares in the company, valued at approximately $104,231.25. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.28% of the company’s stock.
A number of large investors have recently modified their holdings of the stock. Gilder Gagnon Howe & Co. LLC bought a new stake in Chart Industries in the 1st quarter valued at about $11,780,000. FMR LLC lifted its position in Chart Industries by 77,936.9% in the 1st quarter. FMR LLC now owns 232,550 shares of the industrial products company’s stock valued at $21,050,000 after purchasing an additional 232,252 shares during the last quarter. HighTower Advisors LLC lifted its position in Chart Industries by 3.0% in the 1st quarter. HighTower Advisors LLC now owns 12,457 shares of the industrial products company’s stock valued at $1,127,000 after purchasing an additional 358 shares during the last quarter. Baker Avenue Asset Management LP lifted its position in Chart Industries by 16.7% in the 1st quarter. Baker Avenue Asset Management LP now owns 6,554 shares of the industrial products company’s stock valued at $593,000 after purchasing an additional 938 shares during the last quarter. Finally, Daruma Capital Management LLC bought a new stake in Chart Industries in the 1st quarter valued at about $3,411,000.
About Chart Industries
Chart Industries, Inc manufactures and sells engineered equipment and packaged solutions; and provides value-add services for the energy and industrial gas industries worldwide. It operates through three segments: Energy & Chemicals, Distribution & Storage Western Hemisphere, and Distribution & Storage Eastern Hemisphere segments.
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