Chart Industries (NASDAQ:GTLS) announced its earnings results on Thursday. The industrial products company reported $0.72 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by ($0.18), Briefing.com reports. Chart Industries had a net margin of 6.55% and a return on equity of 8.10%. The business had revenue of $342.40 million for the quarter, compared to analyst estimates of $379.58 million. During the same period in the prior year, the company earned $0.59 earnings per share. The company’s quarterly revenue was up 18.0% on a year-over-year basis. Chart Industries updated its FY 2020
Pre-Market guidance to 4.90-5.50 EPS and its FY20 guidance to $4.90-5.50 EPS.
Chart Industries stock traded up $2.71 during trading hours on Friday, hitting $72.14. 406,466 shares of the stock traded hands, compared to its average volume of 389,980. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.83 and a quick ratio of 1.20. The firm’s 50 day moving average price is $67.22 and its 200-day moving average price is $62.67. The stock has a market capitalization of $2.51 billion, a price-to-earnings ratio of 29.81 and a beta of 1.18. Chart Industries has a 1 year low of $52.32 and a 1 year high of $95.66.
Several research analysts recently issued reports on the company. Stifel Nicolaus assumed coverage on Chart Industries in a research report on Friday, December 6th. They set a “buy” rating and a $83.00 target price on the stock. Zacks Investment Research lowered Chart Industries from a “buy” rating to a “hold” rating in a research report on Thursday, January 16th. Citigroup assumed coverage on Chart Industries in a research report on Tuesday, November 26th. They set a “buy” rating and a $71.00 target price on the stock. BTIG Research assumed coverage on Chart Industries in a research report on Monday, January 6th. They set a “buy” rating and a $100.00 target price on the stock. Finally, BidaskClub lowered Chart Industries from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, January 28th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $84.11.
Chart Industries Company Profile
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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