Chart Industries (NASDAQ:GTLS) Issues FY 2019 Earnings Guidance

Chart Industries (NASDAQ:GTLS) issued an update on its FY 2019 earnings guidance on Thursday morning. The company provided EPS guidance of $2.85-3.20 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.86. The company issued revenue guidance of $1.41-1.46 billion, compared to the consensus revenue estimate of $1.44 billion.Chart Industries also updated its FY19 guidance to $2.85-3.20 EPS.

Shares of NASDAQ GTLS opened at $73.85 on Friday. Chart Industries has a 1 year low of $57.88 and a 1 year high of $95.66. The stock has a market capitalization of $2.49 billion, a price-to-earnings ratio of 36.56 and a beta of 1.10. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.71 and a current ratio of 1.11. The stock’s 50-day simple moving average is $74.90.

Chart Industries (NASDAQ:GTLS) last announced its earnings results on Thursday, July 18th. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.07. Chart Industries had a return on equity of 8.93% and a net margin of 7.09%. The business had revenue of $309.60 million for the quarter, compared to analyst estimates of $322.35 million. During the same period in the previous year, the company earned $0.48 earnings per share. The company’s revenue for the quarter was up 11.4% compared to the same quarter last year. On average, research analysts expect that Chart Industries will post 2.98 EPS for the current fiscal year.

A number of analysts have recently issued reports on GTLS shares. ValuEngine raised XOMA from a sell rating to a hold rating in a research report on Friday, May 24th. BidaskClub upgraded Westport Fuel Systems from a hold rating to a buy rating in a research note on Friday, July 12th. Morgan Stanley lifted their price target on General Mills from $49.00 to $52.00 and gave the stock an equal weight rating in a research note on Thursday, June 27th. Finally, Zacks Investment Research downgraded Hammerson from a hold rating to a sell rating in a research note on Friday, May 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Chart Industries currently has a consensus rating of Buy and an average price target of $87.71.

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.

See Also: Book Value Per Share – BVPS

Earnings History and Estimates for Chart Industries (NASDAQ:GTLS)

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