Chart Industries (NYSE:GTLS) Announces Earnings Results, Beats Estimates By $0.02 EPS

Chart Industries (NYSE:GTLS - Get Free Report) issued its quarterly earnings results on Thursday. The industrial products company reported $1.86 earnings per share for the quarter, topping analysts' consensus estimates of $1.84 by $0.02, Zacks reports. The company had revenue of $1 billion during the quarter, compared to the consensus estimate of $1.02 billion. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The firm's quarterly revenue was up 38.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.49 EPS. Chart Industries updated its FY 2025 guidance to 12.000-13.000 EPS.

Chart Industries Stock Up 3.6 %

Shares of NYSE:GTLS traded up $5.50 during trading on Friday, hitting $156.95. The stock had a trading volume of 688,310 shares, compared to its average volume of 713,086. The company has a market capitalization of $7.05 billion, a PE ratio of 45.49, a PEG ratio of 0.57 and a beta of 1.68. The firm's fifty day moving average is $143.01 and its 200 day moving average is $169.26. Chart Industries has a 12 month low of $101.60 and a 12 month high of $220.03. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16.

Analyst Ratings Changes

A number of analysts recently issued reports on GTLS shares. Citigroup raised their price objective on shares of Chart Industries from $190.00 to $225.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Morgan Stanley decreased their price objective on Chart Industries from $275.00 to $250.00 and set an "overweight" rating on the stock in a research note on Thursday, March 27th. Stifel Nicolaus reduced their target price on Chart Industries from $231.00 to $214.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. TD Cowen lowered their target price on shares of Chart Industries from $210.00 to $205.00 and set a "buy" rating on the stock in a research note on Friday. Finally, The Goldman Sachs Group reduced their target price on Chart Industries from $197.00 to $173.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Chart Industries has an average rating of "Moderate Buy" and an average target price of $197.25.

Insider Buying and Selling at Chart Industries

In other news, Director Linda S. Harty bought 500 shares of the firm's stock in a transaction on Monday, March 10th. The stock was acquired at an average cost of $140.85 per share, with a total value of $70,425.00. Following the completion of the acquisition, the director now owns 11,684 shares of the company's stock, valued at approximately $1,645,691.40. This represents a 4.47 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jillian C. Evanko purchased 350 shares of Chart Industries stock in a transaction that occurred on Thursday, March 6th. The shares were purchased at an average cost of $150.35 per share, with a total value of $52,622.50. Following the transaction, the chief executive officer now directly owns 137,666 shares of the company's stock, valued at $20,698,083.10. This represents a 0.25 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 1,109 shares of company stock valued at $160,845. 0.99% of the stock is currently owned by company insiders.

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.

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