FY2024 EPS Estimates for Chart Industries, Inc. (NYSE:GTLS) Increased by Analyst

Chart Industries, Inc. (NYSE:GTLS) – Capital One Financial upped their FY2024 earnings per share (EPS) estimates for shares of Chart Industries in a research note issued on Monday, May 6th. Capital One Financial analyst D. Becker now anticipates that the industrial products company will earn $11.84 per share for the year, up from their prior estimate of $10.99. The consensus estimate for Chart Industries’ current full-year earnings is $11.98 per share. Capital One Financial also issued estimates for Chart Industries’ Q4 2024 earnings at $4.21 EPS.

Chart Industries (NYSE:GTLS) last posted its quarterly earnings data on Friday, May 3rd. The industrial products company reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.88 by ($0.39). Chart Industries had a return on equity of 9.49% and a net margin of 1.59%. The business had revenue of $950.70 million during the quarter, compared to analysts’ expectations of $970.91 million. During the same period in the prior year, the firm posted $1.41 EPS. The firm’s revenue for the quarter was up 76.7% on a year-over-year basis.

Other equities research analysts have also issued research reports about the company. Stifel Nicolaus decreased their price objective on Chart Industries from $224.00 to $220.00 and set a “buy” rating for the company in a report on Monday. Barclays assumed coverage on shares of Chart Industries in a research note on Wednesday. They issued an “equal weight” rating and a $193.00 target price for the company. TD Cowen upped their price target on shares of Chart Industries from $260.00 to $265.00 and gave the company a “buy” rating in a research note on Monday. UBS Group upgraded shares of Chart Industries from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $152.00 to $170.00 in a research note on Tuesday, March 19th. Finally, Morgan Stanley began coverage on Chart Industries in a research report on Thursday, April 18th. They set an “equal weight” rating and a $200.00 target price on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Chart Industries presently has an average rating of “Moderate Buy” and an average target price of $196.21.

Chart Industries Trading Down 1.1 %

Shares of GTLS stock opened at $155.22 on Wednesday. Chart Industries has a 12-month low of $106.66 and a 12-month high of $184.65. The company has a quick ratio of 0.95, a current ratio of 1.25 and a debt-to-equity ratio of 1.29. The company has a 50 day moving average of $152.05 and a 200-day moving average of $136.20. The firm has a market cap of $6.64 billion, a P/E ratio of 155.22, a PEG ratio of 0.43 and a beta of 1.73.

Hedge Funds Weigh In On Chart Industries

Several large investors have recently made changes to their positions in GTLS. Allspring Global Investments Holdings LLC bought a new stake in shares of Chart Industries during the first quarter valued at approximately $30,000. Spire Wealth Management boosted its stake in Chart Industries by 141.0% during the 1st quarter. Spire Wealth Management now owns 200 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 117 shares during the last quarter. Rise Advisors LLC increased its holdings in shares of Chart Industries by 905.0% in the 1st quarter. Rise Advisors LLC now owns 201 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 181 shares in the last quarter. Cape Investment Advisory Inc. purchased a new position in shares of Chart Industries in the fourth quarter worth $33,000. Finally, Mendota Financial Group LLC bought a new position in shares of Chart Industries during the fourth quarter valued at $77,000.

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.