Chart Industries (NASDAQ:GTLS) Updates FY 2020 Pre-Market Earnings Guidance

Chart Industries (NASDAQ:GTLS) updated its FY 2020
Pre-Market earnings guidance on Thursday. The company provided earnings per share guidance of 4.90-5.50 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.85. The company issued revenue guidance of $1.645-1.71 billion, compared to the consensus revenue estimate of $1.64 billion.Chart Industries also updated its FY20 guidance to $4.90-5.50 EPS.

A number of brokerages recently issued reports on GTLS. BTIG Research began coverage on Chart Industries in a report on Monday, January 6th. They issued a buy rating and a $100.00 price target for the company. Zacks Investment Research lowered Chart Industries from a buy rating to a hold rating in a report on Thursday, January 16th. Lake Street Capital set a $109.00 target price on Chart Industries and gave the stock a buy rating in a report on Friday, October 18th. Citigroup initiated coverage on Chart Industries in a report on Tuesday, November 26th. They set a buy rating and a $71.00 target price for the company. Finally, TheStreet upgraded Chart Industries from a c+ rating to a b- rating in a report on Thursday, January 9th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Chart Industries has an average rating of Buy and a consensus target price of $84.11.

Chart Industries stock traded up $4.13 during mid-day trading on Friday, reaching $73.56. 1,304,353 shares of the company were exchanged, compared to its average volume of 419,703. The business has a fifty day moving average of $67.34 and a 200 day moving average of $62.66. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.20 and a current ratio of 1.83. The firm has a market cap of $2.51 billion, a P/E ratio of 30.40 and a beta of 1.18. Chart Industries has a 12-month low of $52.32 and a 12-month high of $95.66.

Chart Industries (NASDAQ:GTLS) last issued its quarterly earnings results on Thursday, February 13th. The industrial products company reported $0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.18). The business had revenue of $342.40 million for the quarter, compared to analyst estimates of $379.58 million. Chart Industries had a return on equity of 8.10% and a net margin of 6.55%. The business’s revenue for the quarter was up 18.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.59 earnings per share. Sell-side analysts predict that Chart Industries will post 2.77 EPS for the current year.

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.

Further Reading: Real Estate Investment Trust (REIT) ETF

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

Receive News & Ratings for Chart Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chart Industries and related companies with MarketBeat.com's FREE daily email newsletter.