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

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

Chart Industries Stock Performance

NYSE:GTLS opened at $130.00 on Friday. Chart Industries has a 1-year low of $101.60 and a 1-year high of $171.68. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.27 and a quick ratio of 0.98. The firm’s fifty day moving average price is $121.62 and its 200 day moving average price is $137.05. The firm has a market cap of $5.57 billion, a price-to-earnings ratio of 63.41, a price-to-earnings-growth ratio of 0.56 and a beta of 1.71.

Analyst Ratings Changes

GTLS has been the subject of a number of research analyst reports. Wells Fargo & Company reduced their price objective on shares of Chart Industries from $151.00 to $146.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. Stifel Nicolaus reduced their price objective on shares of Chart Industries from $199.00 to $198.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Morgan Stanley upgraded shares of Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price objective for the company in a research report on Monday, September 16th. Evercore ISI upgraded shares of Chart Industries to a “strong-buy” rating in a research report on Monday, August 5th. Finally, Barclays reduced their price objective on shares of Chart Industries from $147.00 to $146.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 16th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Chart Industries has a consensus rating of “Moderate Buy” and an average price target of $178.00.

Insider Buying and Selling at Chart Industries

In other Chart Industries news, Director Linda S. Harty purchased 5,000 shares of the stock in a transaction on Monday, September 16th. The stock was bought at an average price of $48.05 per share, for a total transaction of $240,250.00. Following the acquisition, the director now directly owns 5,000 shares of the company’s stock, valued at $240,250. The purchase was disclosed in a filing with the SEC, which is available at this link. In other news, CEO Jillian C. Evanko purchased 440 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The shares were acquired at an average cost of $114.31 per share, with a total value of $50,296.40. Following the transaction, the chief executive officer now owns 125,448 shares in the company, valued at approximately $14,339,960.88. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Linda S. Harty acquired 5,000 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were bought at an average price of $48.05 per share, with a total value of $240,250.00. Following the completion of the purchase, the director now owns 5,000 shares in the company, valued at $240,250. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 7,152 shares of company stock valued at $482,278. 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.