Chart Industries (GTLS) Releases FY 2018 Earnings Guidance
Chart Industries (NASDAQ:GTLS) updated its FY 2018 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $1.90-2.00 for the period, compared to the Thomson Reuters consensus estimate of $1.90. The company issued revenue guidance of $1.06-1.1 billion, compared to the consensus revenue estimate of $1.22 billion.Chart Industries also updated its FY 2019 guidance to $2.40-2.75 EPS.
A number of research firms have recently issued reports on GTLS. Zacks Investment Research lowered shares of Chart Industries from a buy rating to a hold rating in a research report on Thursday, October 4th. BidaskClub lowered shares of Chart Industries from a buy rating to a hold rating in a research report on Tuesday, October 9th. Finally, Northcoast Research reissued a buy rating and issued a $91.00 price target on shares of Chart Industries in a research report on Friday, July 20th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. Chart Industries has an average rating of Hold and an average target price of $75.20.
NASDAQ:GTLS traded up $3.69 during mid-day trading on Thursday, reaching $71.20. The stock had a trading volume of 7,651 shares, compared to its average volume of 331,073. Chart Industries has a fifty-two week low of $41.32 and a fifty-two week high of $80.31. The company has a market capitalization of $2.43 billion, a P/E ratio of 70.56, a P/E/G ratio of 1.34 and a beta of 1.04. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.09 and a current ratio of 1.68.
About Chart Industries
Chart Industries, Inc manufactures and sells engineered equipment, packaged solutions, and value-add services for the industrial gas, energy, and biomedical industries worldwide. It operates in three segments: Energy & Chemicals (E&C), Distribution & Storage (D&S), and BioMedical. The E&C segment primarily provides brazed aluminum heat exchangers, Core-in-Kettle heat exchangers, air cooled heat exchangers, cold boxes, and process systems, as well as axial cooling fans for power, heating, ventilation, air conditioning, and refining end user applications.
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