|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||127.44 - 131.98|
|52-week range||91.55 - 136.42|
|Beta (5Y monthly)||0.98|
|PE ratio (TTM)||9.14|
|Forward dividend & yield||2.30 (1.80%)|
|Ex-dividend date||28 Apr 2023|
|1y target est||126.10|
Chart Industries (GTLS) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength down the road.
STOCKHOLM (Reuters) -Swedish industrials group Atlas Copco reported softer-than-expected fourth-quarter profits on Thursday and said demand was expected to remain around current levels, sending its share price down nearly 5%. Persistent supply chain challenges and higher costs have weighed on the maker of compressors, vacuum pumps and industrial tools in recent quarters. Its customers are also scaling back investments, especially within its key vacuum division which counts the major semiconductor producers as its main clients.
Swedish industrial group Atlas Copco said on Thursday it was reaffirming its outlook for softer demand in the final months of the year as customer activity weakened somewhat from the high level seen in the third quarter. The maker of compressors, vacuum pumps and industrial tools cautioned investors last month that it expected weaker demand in the near-term after a third quarter where its order intake grew 6% on a like-for-like basis and profits beat market forecasts. However, a slump in order intake for its Vacuum Technique business, which counts the semiconductor industry among its main customers and accounts for roughly a quarter of group revenues, unnerved investors at the time.