Chart Industries (NASDAQ:GTLS) issued its quarterly earnings data on Thursday. The industrial products company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.07, Morningstar.com reports. Chart Industries had a return on equity of 8.67% and a net margin of 7.34%. The firm had revenue of $309.60 million during the quarter, compared to analyst estimates of $322.35 million. During the same quarter last year, the firm earned $0.48 EPS. Chart Industries’s quarterly revenue was up 11.4% on a year-over-year basis. Chart Industries updated its FY 2019 guidance to $2.85-3.20 EPS and its FY19 guidance to $2.85-3.20 EPS.
Shares of GTLS opened at $76.70 on Friday. The firm has a market cap of $2.74 billion, a price-to-earnings ratio of 31.69 and a beta of 1.10. The business has a 50 day moving average price of $74.91. The company has a current ratio of 2.00, a quick ratio of 0.71 and a debt-to-equity ratio of 0.25. Chart Industries has a 52 week low of $57.88 and a 52 week high of $95.66.
Several institutional investors and hedge funds have recently modified their holdings of GTLS. Quadrant Capital Group LLC grew its position in shares of Chart Industries by 416.9% in the 1st quarter. Quadrant Capital Group LLC now owns 336 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 271 shares in the last quarter. Parallel Advisors LLC acquired a new position in shares of Chart Industries in the 1st quarter worth approximately $29,000. Manchester Capital Management LLC acquired a new position in shares of Chart Industries in the 1st quarter worth approximately $110,000. Advisors Preferred LLC acquired a new position in shares of Chart Industries in the 1st quarter worth approximately $115,000. Finally, Strs Ohio acquired a new position in shares of Chart Industries in the 1st quarter worth approximately $199,000. Institutional investors own 98.07% of the company’s stock.
Chart Industries Company Profile
Chart Industries, Inc manufactures and sells engineered equipment and packaged solutions; and provides value-add services for the energy and industrial gas industries worldwide. It operates through three segments: Energy & Chemicals, Distribution & Storage Western Hemisphere, and Distribution & Storage Eastern Hemisphere segments.
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