Chart Industries (GTLS) Updates FY 2019 Earnings Guidance
Chart Industries (NASDAQ:GTLS) updated its FY 2019 earnings guidance on Thursday. The company provided earnings per share guidance of $2.50-2.85 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.70. The company issued revenue guidance of $1.26-1.31 billion, compared to the consensus revenue estimate of $1.28 billion.
Several equities research analysts have commented on the stock. BidaskClub upgraded shares of Chart Industries from a buy rating to a strong-buy rating in a research report on Wednesday. Zacks Investment Research upgraded shares of Chart Industries from a hold rating to a strong-buy rating and set a $94.00 price target on the stock in a research report on Wednesday. Finally, Evercore ISI upgraded shares of Chart Industries from an in-line rating to an outperform rating and set a $63.56 price target on the stock in a research report on Sunday, December 9th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the stock. The company has a consensus rating of Buy and an average price target of $81.71.
Shares of GTLS opened at $82.45 on Thursday. The stock has a market capitalization of $2.54 billion, a P/E ratio of 85.89, a P/E/G ratio of 0.96 and a beta of 1.07. Chart Industries has a 1-year low of $47.13 and a 1-year high of $83.02. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.53 and a current ratio of 2.13.
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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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