Chart Industries (GTLS) Updates FY19 Earnings Guidance
Chart Industries (NASDAQ:GTLS) updated its FY19 earnings guidance on Thursday. The company provided earnings per share guidance of $2.40-2.75 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.72. The company issued revenue guidance of $1.24-1.3 billion, compared to the consensus revenue estimate of $1.29 billion.Chart Industries also updated its FY 2018 guidance to $1.90-2.00 EPS.
Several equities analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Chart Industries from a buy rating to a hold rating in a research note on Thursday, October 4th. BidaskClub raised shares of Chart Industries from a hold rating to a buy rating in a research note on Friday, July 20th. Finally, Northcoast Research reaffirmed a buy rating and set a $91.00 price target on shares of Chart Industries in a research note on Friday, July 20th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $75.20.
NASDAQ:GTLS opened at $69.78 on Friday. Chart Industries has a 1-year low of $41.32 and a 1-year high of $80.31. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.07 and a quick ratio of 1.09. The firm has a market capitalization of $2.12 billion, a P/E ratio of 72.69, a PEG ratio of 1.20 and a beta of 1.04.
Chart Industries Company Profile
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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