Chart Industries (NYSE:GTLS) Releases Quarterly Earnings Results, Misses Expectations By $0.38 EPS

Chart Industries (NYSE:GTLS) released its quarterly earnings data on Friday. The industrial products company reported $2.18 earnings per share for the quarter, missing the consensus estimate of $2.56 by ($0.38), Briefing.com reports. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.10 billion. Chart Industries had a net margin of 2.80% and a return on equity of 12.27%. The business’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same period last year, the business earned $1.28 earnings per share.

Chart Industries Stock Up 7.7 %

NYSE:GTLS traded up $9.28 on Friday, hitting $130.00. The stock had a trading volume of 3,290,872 shares, compared to its average volume of 624,014. The company has a quick ratio of 0.98, a current ratio of 1.27 and a debt-to-equity ratio of 1.28. Chart Industries has a 52 week low of $101.60 and a 52 week high of $171.68. The business’s fifty day moving average is $121.62 and its 200 day moving average is $137.05. The company has a market cap of $5.57 billion, a PE ratio of 63.41, a P/E/G ratio of 0.57 and a beta of 1.70.

Analyst Ratings Changes

GTLS has been the subject of several recent research reports. Craig Hallum lowered their price objective on Chart Industries from $229.00 to $199.00 and set a “buy” rating for the company in a research note on Monday, August 5th. Stifel Nicolaus decreased their price objective on Chart Industries from $199.00 to $198.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Morgan Stanley raised Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 target price on the stock in a report on Monday, September 16th. Evercore ISI upgraded Chart Industries to a “strong-buy” rating in a research report on Monday, August 5th. Finally, Bank of America cut their price objective on Chart Industries from $185.00 to $165.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $178.00.

Insider Transactions at Chart Industries

In other Chart Industries news, Director Linda S. Harty acquired 5,000 shares of Chart Industries stock in a transaction dated Monday, September 16th. The stock was purchased at an average cost of $48.05 per share, for a total transaction of $240,250.00. Following the completion of the acquisition, the director now directly owns 5,000 shares of the company’s stock, valued at $240,250. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director Linda S. Harty bought 5,000 shares of Chart Industries stock in a transaction dated Monday, September 16th. The stock was purchased at an average price of $48.05 per share, for a total transaction of $240,250.00. Following the purchase, the director now directly owns 5,000 shares in the company, valued at $240,250. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Linda S. Harty acquired 1,000 shares of Chart Industries stock in a transaction on Friday, September 13th. The stock was purchased at an average cost of $113.50 per share, with a total value of $113,500.00. Following the completion of the transaction, the director now directly owns 10,640 shares in the company, valued at $1,207,640. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought 7,152 shares of company stock valued at $482,278 over the last ninety days. 0.95% of the stock is owned by company insiders.

Chart Industries Company Profile

Chart Industries, Inc engages in the designing, engineering, and manufacturing of process technologies and equipment for the gas and liquid molecules in the United States and internationally. The company operates in four segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products, and Repair, Service & Leasing.