Chart Industries (NASDAQ:GTLS) issued its earnings results on Thursday, October 18th. The industrial products company reported $0.74 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.19, Briefing.com reports. Chart Industries had a net margin of 5.69% and a return on equity of 8.31%. The company had revenue of $272.20 million for the quarter, compared to analysts’ expectations of $314.52 million. During the same quarter last year, the company posted $0.22 earnings per share. The firm’s quarterly revenue was up 34.3% on a year-over-year basis.
Shares of Chart Industries stock traded down $2.25 on Friday, hitting $69.79. 178,295 shares of the company’s stock were exchanged, compared to its average volume of 455,932. The stock has a market capitalization of $2.26 billion, a PE ratio of 72.70, a P/E/G ratio of 1.24 and a beta of 1.24. Chart Industries has a 1 year low of $42.39 and a 1 year high of $80.31. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.13 and a quick ratio of 1.53.
Several equities research analysts recently issued reports on GTLS shares. BidaskClub cut shares of Chart Industries from a “hold” rating to a “sell” rating in a report on Monday, October 15th. Northcoast Research restated a “buy” rating and issued a $91.00 target price on shares of Chart Industries in a report on Friday, July 20th. Finally, Zacks Investment Research cut shares of Chart Industries from a “buy” rating to a “hold” rating in a report on Thursday, October 4th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Chart Industries currently has an average rating of “Buy” and an average price target of $75.20.
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Chart Industries, Inc manufactures and sells engineered equipment, packaged solutions, and value-add services for the industrial gas, energy, and biomedical industries worldwide. It operates in three segments: Energy & Chemicals (E&C), Distribution & Storage (D&S), and BioMedical. The E&C segment primarily provides brazed aluminum heat exchangers, Core-in-Kettle heat exchangers, air cooled heat exchangers, cold boxes, and process systems, as well as axial cooling fans for power, heating, ventilation, air conditioning, and refining end user applications.
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