Chart Industries (GTLS) Releases Quarterly Earnings Results, Beats Expectations By $0.07 EPS
Chart Industries (NASDAQ:GTLS) released its quarterly earnings data on Thursday. The industrial products company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.07, Morningstar.com reports. The business had revenue of $290.10 million during the quarter, compared to analyst estimates of $283.50 million. Chart Industries had a return on equity of 8.31% and a net margin of 5.69%. The company’s revenue was up 7.7% compared to the same quarter last year. During the same period last year, the company posted $0.46 EPS. Chart Industries updated its FY 2019 guidance to $2.50-2.85 EPS and its FY19 guidance to $2.50-2.80 EPS.
Shares of Chart Industries stock opened at $85.84 on Friday. The firm has a market capitalization of $2.57 billion, a PE ratio of 89.42, a price-to-earnings-growth ratio of 1.01 and a beta of 1.07. The company has a quick ratio of 1.53, a current ratio of 2.13 and a debt-to-equity ratio of 0.60. Chart Industries has a 12 month low of $48.52 and a 12 month high of $89.48.
GTLS has been the subject of several research reports. BidaskClub raised Chart Industries from a “sell” rating to a “hold” rating in a research note on Tuesday, October 23rd. Evercore ISI raised Chart Industries from an “in-line” rating to an “outperform” rating and set a $63.56 price objective for the company in a research note on Sunday, December 9th. Finally, Zacks Investment Research raised Chart Industries from a “hold” rating to a “buy” rating and set a $86.00 target price for the company in a research report on Wednesday, February 6th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $81.71.
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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