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

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

Chart Industries Trading Up 7.7 %

Shares of NYSE GTLS traded up $9.28 during mid-day trading 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 business has a 50 day moving average price of $121.62 and a two-hundred day moving average price of $137.05. 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 quick ratio of 0.98 and a current ratio of 1.27. The firm has a market cap of $5.57 billion, a P/E ratio of 63.41, a price-to-earnings-growth ratio of 0.57 and a beta of 1.70.

Insider Buying and Selling at Chart Industries

In related news, CEO Jillian C. Evanko purchased 440 shares of Chart Industries stock in a transaction that occurred on Thursday, September 5th. The shares were bought at an average price of $114.31 per share, for a total transaction of $50,296.40. Following the completion of the transaction, the chief executive officer now directly owns 125,448 shares of the company’s stock, valued at $14,339,960.88. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Chart Industries news, Director Linda S. Harty acquired 1,000 shares of the business’s stock in a transaction on Friday, September 13th. The shares were acquired at an average price of $113.50 per share, for a total transaction of $113,500.00. Following the completion of the acquisition, the director now owns 10,640 shares in the company, valued at $1,207,640. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jillian C. Evanko bought 440 shares of the stock in a transaction dated Thursday, September 5th. The shares were acquired at an average price of $114.31 per share, with a total value of $50,296.40. Following the completion of the acquisition, the chief executive officer now directly owns 125,448 shares of the company’s stock, valued at approximately $14,339,960.88. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders bought 7,152 shares of company stock valued at $482,278 in the last quarter. Company insiders own 0.95% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Evercore ISI raised shares of Chart Industries to a “strong-buy” rating in a report on Monday, August 5th. Morgan Stanley raised 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 report on Monday, September 16th. Craig Hallum dropped their target price on Chart Industries from $229.00 to $199.00 and set a “buy” rating on the stock in a research report on Monday, August 5th. Bank of America reduced their price target on Chart Industries from $185.00 to $165.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Finally, Wells Fargo & Company decreased their price objective on Chart Industries from $151.00 to $146.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. Three 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. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $178.00.

About Chart Industries

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.