Chart Industries, Inc. (GTLS) Posts Earnings Results, Beats Estimates By $0.07 EPS

Chart Industries, Inc. (NASDAQ:GTLS) issued its quarterly earnings results on Thursday. The industrial products company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.07, Bloomberg Earnings reports. Chart Industries had a positive return on equity of 2.25% and a negative net margin of 0.21%. The firm had revenue of $240.50 million for the quarter, compared to analysts’ expectations of $235.96 million. During the same quarter in the prior year, the firm earned $0.53 EPS. The business’s revenue for the quarter was up 17.9% compared to the same quarter last year. Chart Industries updated its FY17 guidance to $0.75-0.90 EPS.

Shares of Chart Industries (GTLS) traded up 0.13% during mid-day trading on Friday, reaching $44.94. The company had a trading volume of 653,837 shares. The firm has a 50 day moving average of $39.63 and a 200-day moving average of $35.95. The stock has a market capitalization of $1.38 billion, a P/E ratio of 118.58 and a beta of 1.28. Chart Industries has a one year low of $27.01 and a one year high of $45.69.

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A number of brokerages have recently commented on GTLS. Lake Street Capital upped their price target on Chart Industries from $48.00 to $55.00 and gave the company a “buy” rating in a research report on Friday. Seaport Global Securities raised Chart Industries from a “neutral” rating to a “buy” rating and set a $58.00 price objective on the stock in a report on Friday. BidaskClub cut Chart Industries from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Cowen and Company set a $38.00 price objective on Chart Industries and gave the stock a “hold” rating in a report on Friday, August 4th. Finally, Zacks Investment Research raised Chart Industries from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $45.71.

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.

Earnings History for Chart Industries (NASDAQ:GTLS)

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