Chart Industries (NASDAQ:GTLS) updated its FY19 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $2.85-3.20 for the period, compared to the Thomson Reuters consensus 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.
Shares of NASDAQ GTLS traded up $3.58 during midday trading on Friday, hitting $77.43. The stock had a trading volume of 10,477 shares, compared to its average volume of 514,149. The firm’s 50 day moving average is $74.90. The stock has a market cap of $2.49 billion, a P/E ratio of 37.65 and a beta of 1.10. Chart Industries has a 52 week low of $57.88 and a 52 week high of $95.66. The company has a current ratio of 1.11, a quick ratio of 0.71 and a debt-to-equity ratio of 0.36.
Chart Industries (NASDAQ:GTLS) last issued its earnings results on Thursday, July 18th. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.07. The firm had revenue of $309.60 million for the quarter, compared to the consensus estimate of $322.35 million. Chart Industries had a net margin of 7.09% and a return on equity of 8.93%. The business’s revenue was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.48 earnings per share. Sell-side analysts expect that Chart Industries will post 2.98 earnings per share for the current fiscal year.
A number of brokerages recently weighed in on GTLS. Zacks Investment Research downgraded shares of Hammerson from a hold rating to a sell rating in a research report on Friday, May 24th. ValuEngine upgraded shares of XOMA from a sell rating to a hold rating in a research report on Friday, May 24th. BidaskClub upgraded shares of Westport Fuel Systems from a hold rating to a buy rating in a research report on Friday, July 12th. Finally, Morgan Stanley increased their price objective on shares of General Mills from $49.00 to $52.00 and gave the company an equal weight rating in a research report on Thursday, June 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of Buy and an average price target of $87.71.
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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