Chart Industries (NASDAQ:GTLS) Issues FY19 Earnings Guidance

Chart Industries (NASDAQ:GTLS) issued an update on its FY19 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $2.85-3.20 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.01. The company issued revenue guidance of $1.41-1.46 billion, compared to the consensus revenue estimate of $1.41 billion.

Chart Industries stock traded up $2.12 during trading hours on Friday, reaching $76.88. The stock had a trading volume of 543,920 shares, compared to its average volume of 446,195. Chart Industries has a 52 week low of $57.88 and a 52 week high of $95.66. The company has a current ratio of 1.11, a quick ratio of 0.71 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $2.75 billion, a P/E ratio of 38.06 and a beta of 1.19. The stock has a 50 day moving average of $77.79.

Chart Industries (NASDAQ:GTLS) last posted its quarterly earnings data on Thursday, April 18th. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.03). Chart Industries had a net margin of 7.09% and a return on equity of 8.93%. The company had revenue of $289.30 million for the quarter, compared to analyst estimates of $290.33 million. During the same quarter last year, the company earned $0.23 EPS. The business’s revenue was up 18.5% compared to the same quarter last year. On average, equities analysts anticipate that Chart Industries will post 3.06 earnings per share for the current fiscal year.

Several equities analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Chart Industries from a hold rating to a strong-buy rating and set a $85.00 price target on the stock in a report on Friday, May 24th. ValuEngine downgraded shares of Chart Industries from a buy rating to a hold rating in a report on Friday, May 24th. Morgan Stanley started coverage on Chart Industries in a research report on Thursday. They issued an overweight rating and a $90.00 price objective on the stock. Finally, BidaskClub lowered Chart Industries from a strong-buy rating to a buy rating in a research report on Wednesday, April 10th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $87.71.

About Chart Industries

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.

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

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