Chart Industries (NYSE:GTLS) Posts Earnings Results

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

Chart Industries Trading Up 4.6 %

Chart Industries stock traded up $6.97 during trading hours on Thursday, reaching $157.71. The stock had a trading volume of 723,246 shares, compared to its average volume of 709,646. The stock has a market cap of $7.09 billion, a PE ratio of 45.71, a PEG ratio of 0.57 and a beta of 1.69. The company has a fifty day simple moving average of $140.98 and a 200-day simple moving average of $169.79. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00. Chart Industries has a 52 week low of $101.60 and a 52 week high of $220.03.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. 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. Citigroup increased their target price on shares of Chart Industries from $190.00 to $225.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Morgan Stanley cut their price target on shares of Chart Industries from $275.00 to $250.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. The Goldman Sachs Group decreased their price target on shares of Chart Industries from $197.00 to $173.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Finally, TD Cowen reduced their target price on Chart Industries from $210.00 to $205.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $201.64.

Insider Transactions at Chart Industries

In other Chart Industries news, Director Linda S. Harty bought 500 shares of Chart Industries stock in a transaction dated Monday, March 10th. The shares were purchased at an average cost of $140.85 per share, with a total value of $70,425.00. Following the completion of the purchase, 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Gerald F. Vinci purchased 175 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The stock was acquired at an average cost of $147.89 per share, with a total value of $25,880.75. Following the purchase, the vice president now directly owns 475 shares of the company's stock, valued at $70,247.75. This trade represents a 58.33 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 1,109 shares of company stock worth $160,845. Company insiders own 0.99% of the company's stock.

Chart Industries Company Profile

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.