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

Chart Industries (NYSE:GTLS - Get Free Report) released its quarterly earnings results on Friday. The industrial products company reported $2.18 EPS 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% on a year-over-year basis. During the same period in the prior year, the firm earned $1.28 EPS.

Chart Industries Stock Up 7.7 %

GTLS traded up $9.28 on Friday, hitting $130.00. The company had a trading volume of 3,290,872 shares, compared to its average volume of 624,014. Chart Industries has a 52-week low of $101.60 and a 52-week high of $171.68. The stock has a fifty day simple moving average of $121.62 and a 200-day simple moving average of $137.05. 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 has a market capitalization of $5.57 billion, a P/E ratio of 63.41, a P/E/G ratio of 0.57 and a beta of 1.70.

Insiders Place Their Bets

In other 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 cost of $114.31 per share, with a total value of $50,296.40. Following the completion of the purchase, the chief executive officer now directly owns 125,448 shares in the company, valued at approximately $14,339,960.88. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Chart Industries news, CEO Jillian C. Evanko acquired 440 shares of the company's stock in a transaction that occurred on 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 purchase, 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 purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Linda S. Harty bought 5,000 shares of the firm's stock in a transaction on Monday, September 16th. The shares were acquired at an average cost of $48.05 per share, with a total value of $240,250.00. Following the purchase, the director now directly owns 5,000 shares of the company's stock, valued at approximately $240,250. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 7,152 shares of company stock worth $482,278. Company insiders own 0.95% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on GTLS shares. Bank of America cut their price objective on Chart Industries from $185.00 to $165.00 and set a "buy" rating for the company in a report on Monday, October 14th. The Goldman Sachs Group reduced their price target on shares of Chart Industries from $168.00 to $144.00 and set a "neutral" rating on the stock in a research report on Thursday, August 29th. Craig Hallum lowered their price objective on shares of Chart Industries from $229.00 to $199.00 and set a "buy" rating for the company in a report on Monday, August 5th. Barclays reduced their target price on shares of Chart Industries from $147.00 to $146.00 and set an "equal weight" rating on the stock in a report on Wednesday, October 16th. Finally, Morgan Stanley raised shares of Chart Industries from an "equal weight" rating to an "overweight" rating and set a $175.00 price target for the company in a research note on Monday, September 16th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company 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.