Chart Industries (NYSE:GTLS) Posts Quarterly Earnings Results, Misses Estimates By $0.97 EPS

Chart Industries (NYSE:GTLS) posted its quarterly earnings data on Friday. The industrial products company reported $2.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.48 by ($0.97), Zacks reports. Chart Industries had a return on equity of 14.17% and a net margin of 1.55%.The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.23 billion.

Chart Industries Price Performance

Shares of Chart Industries stock traded up $0.00 during midday trading on Friday, hitting $207.43. 1,263,034 shares of the company were exchanged, compared to its average volume of 961,770. The firm has a 50 day simple moving average of $206.91 and a 200-day simple moving average of $203.03. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.40 and a quick ratio of 1.15. The firm has a market cap of $9.32 billion, a P/E ratio of 252.97, a PEG ratio of 0.79 and a beta of 1.75. Chart Industries has a 52 week low of $104.60 and a 52 week high of $208.24.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in GTLS. Los Angeles Capital Management LLC acquired a new stake in shares of Chart Industries in the 4th quarter valued at $40,000. Smartleaf Asset Management LLC lifted its holdings in Chart Industries by 44.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 223 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 69 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in Chart Industries by 44.8% in the second quarter. Geneos Wealth Management Inc. now owns 323 shares of the industrial products company’s stock valued at $53,000 after buying an additional 100 shares in the last quarter. Danske Bank A S bought a new stake in Chart Industries during the third quarter worth about $80,000. Finally, Equitable Holdings Inc. acquired a new stake in shares of Chart Industries during the third quarter worth approximately $210,000.

Wall Street Analysts Forecast Growth

GTLS has been the topic of several research reports. Weiss Ratings restated a “sell (d+)” rating on shares of Chart Industries in a research note on Monday, December 29th. Zacks Research raised Chart Industries from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $204.10.

Chart Industries Company Profile

Chart Industries, Inc (NYSE: GTLS) is a leading global manufacturer of engineered equipment for the storage, distribution and end-use of hydrocarbon and industrial gases. The company specializes in cryogenic systems and components, serving key markets such as energy, chemical processing, industrial gas, food and beverage, and medical gases. Chart’s product portfolio includes large-scale cryogenic storage tanks, vaporizers, heat exchangers and pump systems designed to maintain gases in liquid and gaseous states under extreme conditions.

Founded in 1992 and headquartered in Ball Ground, Georgia, Chart Industries has evolved through targeted acquisitions and organic growth to expand its technological capabilities and geographic reach.