Chart Industries (NASDAQ:GTLS) updated its FY19 earnings guidance on Thursday. The company provided earnings per share guidance of $2.85-3.20 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.91. The company issued revenue guidance of $1.41-1.46 billion, compared to the consensus revenue estimate of $1.43 billion.Chart Industries also updated its FY 2019 guidance to $2.85-3.20 EPS.
Several analysts recently issued reports on the company. ValuEngine upgraded XOMA from a sell rating to a hold rating in a research note on Friday, May 24th. Morgan Stanley boosted their price target on General Mills from $49.00 to $52.00 and gave the company an equal weight rating in a research note on Thursday, June 27th. BidaskClub upgraded Westport Fuel Systems from a hold rating to a buy rating in a research note on Friday, July 12th. Finally, Zacks Investment Research downgraded Hammerson from a hold rating to a sell rating in a research note on Friday, May 24th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Chart Industries currently has a consensus rating of Buy and an average price target of $87.71.
Shares of NASDAQ:GTLS traded up $2.85 during trading on Friday, reaching $76.70. 1,040,706 shares of the company traded hands, compared to its average volume of 522,677. The business’s 50 day moving average price is $74.91. The company has a market capitalization of $2.64 billion, a price-to-earnings ratio of 30.52 and a beta of 1.10. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.00 and a quick ratio of 0.71. Chart Industries has a 52 week low of $57.88 and a 52 week high of $95.66.
Chart Industries (NASDAQ:GTLS) last released its earnings results on Thursday, July 18th. The industrial products company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.07. The firm had revenue of $309.60 million during the quarter, compared to the consensus estimate of $322.35 million. Chart Industries had a return on equity of 8.67% and a net margin of 7.34%. The company’s revenue was up 11.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.48 EPS. As a group, sell-side analysts forecast that Chart Industries will post 3.05 EPS for the current fiscal year.
Chart Industries Company Profile
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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