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Chart Industries, Inc. (GTLS) 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.
It provides brazed aluminum, Core-in-Kettle, air cooled, and shell and tube heat exchangers; cold boxes, reactors, and process systems; and axial cooling fans for power, heating, ventilation, air conditioning, and refining end user applications.
It also offers bulk and packaged gas cryogenic solutions for the storage, distribution, vaporization, and application of industrial gases; and cryogenic components, including vacuum insulated pipes, engineered bulk gas installations, specialty liquid nitrogen, end-use equipment, and cryogenic flow meters.
In addition, it provides cryogenic trailers, ISO containers, railcars, bulk storage tanks, fuel stations, loading facilities, and regasification equipment for delivering liquefied natural gas into virtual pipeline applications; large vacuum insulated storage tanks as equipment for purchasers of standard liquefaction plants; and vacuum insulated containment vessels for the storage of biological materials in medical and veterinary laboratories, biotech/pharmaceutical research facilities, blood and tissue banks, large-scale repositories, and artificial insemination.
Further, it designs and manufactures pressure equipment for cryogenic, energy, and petrochemical end markets.
Additionally, it provides plant start-up, 24/7 support, monitoring and process optimization, repairing, maintenance, and upgrading services, as well as extended warranties and parts; and operates service locations that undertake installation, service, repair, maintenance, refurbishment, reconfiguration, and relocation of cryogenic products.
Shares have formed a bullish "cup and handle" following the company's latest quarterly report. Chart Industries reported 4th Quarter December 2018 earnings of $0.61 per share on revenue of $290.1 million. The consensus earnings estimate was $0.54 per share on revenue of $283.3 million.
The company said it expects 2019 earnings of $2.50 to $2.80 per share on revenue of $1.26 billion to $1.31 billion. The company's previous guidance was earnings of $2.40 to $2.75 per share on revenue of $1.24 billion to $1.30 billion and the current consensus earnings estimate is $2.83 per share on revenue of $1.28 billion for the year ending December 31, 2019. Higher share prices are expected for this stock.
Entry Point: $88.50
Stop Loss: $84.00
Trading Range: $56.14 - $89.80
Target Price: $97.35
GTLS closed at $78
