Chart Industries (NYSE:GTLS) Issues FY 2024 Earnings Guidance

Chart Industries (NYSE:GTLS) issued an update on its FY 2024 earnings guidance on Friday morning. The company provided EPS guidance of 9.000-9.000 for the period, compared to the consensus EPS estimate of 10.450. The company issued revenue guidance of $4.2 billion-$4.3 billion, compared to the consensus revenue estimate of $4.4 billion. Chart Industries also updated its FY 2025 guidance to 12.000-13.000 EPS.

Analyst Ratings Changes

GTLS has been the topic of a number of recent analyst reports. Morgan Stanley raised Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 target price on the stock in a research report on Monday, September 16th. Wells Fargo & Company decreased their target price on shares of Chart Industries from $151.00 to $146.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. Bank of America reduced their price target on shares of Chart Industries from $185.00 to $165.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Barclays lowered their price objective on shares of Chart Industries from $146.00 to $145.00 and set an “equal weight” rating on the stock in a research report on Monday. Finally, Craig Hallum increased their target price on Chart Industries from $199.00 to $207.00 and gave the company a “buy” rating in a report on Monday. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $178.82.

Chart Industries Stock Up 8.8 %

Shares of GTLS traded up $11.43 during midday trading on Monday, reaching $141.43. 2,491,269 shares of the stock were exchanged, compared to its average volume of 632,780. The company has a market cap of $6.05 billion, a price-to-earnings ratio of 40.96, a P/E/G ratio of 0.56 and a beta of 1.71. The firm has a 50 day simple moving average of $121.62 and a 200-day simple moving average of $136.90. Chart Industries has a 12-month low of $101.60 and a 12-month high of $171.68. The company has a quick ratio of 0.98, a current ratio of 1.27 and a debt-to-equity ratio of 1.28.

Chart Industries (NYSE:GTLS) last posted its earnings results on Friday, November 1st. The industrial products company reported $2.18 EPS for the quarter, missing the consensus estimate of $2.56 by ($0.38). The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.10 billion. Chart Industries had a return on equity of 12.27% and a net margin of 2.80%. The business’s revenue was up 18.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.28 earnings per share. Research analysts forecast that Chart Industries will post 9.94 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Jillian C. Evanko purchased 440 shares of the stock in a transaction on Thursday, September 5th. The shares were bought at an average price of $114.31 per share, for a total transaction of $50,296.40. Following the completion of the acquisition, the chief executive officer now directly owns 125,448 shares in the company, valued at approximately $14,339,960.88. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Chart Industries news, Director Linda S. Harty acquired 5,000 shares of Chart Industries stock in a transaction dated Monday, September 16th. The stock was bought at an average cost of $48.05 per share, with a total value of $240,250.00. Following the completion of the transaction, the director now owns 5,000 shares of the company’s stock, valued at $240,250. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jillian C. Evanko bought 440 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The shares were bought at an average cost of $114.31 per share, for a total transaction of $50,296.40. Following the transaction, the chief executive officer now directly owns 125,448 shares of the company’s stock, valued at $14,339,960.88. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 7,152 shares of company stock valued at $482,278 over the last quarter. Insiders own 0.95% of the company’s stock.

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.