Chart Industries, Inc. (NASDAQ:GTLS) updated its FY17 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.75-0.90 for the period, compared to the Thomson Reuters consensus estimate of $0.74. The company issued revenue guidance of $940-975 million, compared to the consensus revenue estimate of $965.63 million.
A number of brokerages have recently weighed in on GTLS. BidaskClub upgraded shares of Chart Industries from a sell rating to a hold rating in a report on Friday, August 4th. Cowen and Company set a $38.00 target price on shares of Chart Industries and gave the company a hold rating in a research report on Friday, August 4th. Northcoast Research raised shares of Chart Industries from a neutral rating to a buy rating and set a $51.00 target price on the stock in a research report on Monday, October 9th. Johnson Rice reaffirmed a buy rating and issued a $48.00 target price (up from $42.00) on shares of Chart Industries in a research report on Monday, October 2nd. Finally, Lake Street Capital increased their target price on shares of Chart Industries from $48.00 to $55.00 and gave the company a buy rating in a research report on Friday, October 27th. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of Buy and an average price target of $48.14.
Shares of Chart Industries, Inc. (NASDAQ:GTLS) opened at $44.34 on Friday. Chart Industries, Inc. has a 52 week low of $31.25 and a 52 week high of $45.90. The company has a market cap of $1,364.39, a price-to-earnings ratio of 85.27, a PEG ratio of 2.64 and a beta of 1.30. The company has a quick ratio of 0.74, a current ratio of 1.13 and a debt-to-equity ratio of 0.42.
Chart Industries (NASDAQ:GTLS) last released its earnings results on Thursday, October 26th. The industrial products company reported $0.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.07. Chart Industries had a negative net margin of 0.21% and a positive return on equity of 2.25%. The company had revenue of $240.50 million during the quarter, compared to analysts’ expectations of $235.96 million. During the same quarter last year, the business earned $0.53 EPS. The business’s revenue was up 17.9% on a year-over-year basis. equities research analysts expect that Chart Industries, Inc. will post 0.84 earnings per share for the current fiscal year.
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About Chart Industries
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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