Chart Industries (GTLS) to Release Quarterly Earnings on Friday

Chart Industries (NYSE:GTLS) will be announcing its earnings results before the market opens on Friday, May 3rd. Analysts expect the company to announce earnings of $1.81 per share for the quarter. Chart Industries has set its FY 2024 guidance at 12.000-14.000 EPS and its FY24 guidance at $12.00-14.00 EPS.Parties that wish to listen to the company’s conference call can do so using this link.

Chart Industries (NYSE:GTLS) last announced its earnings results on Wednesday, February 28th. The industrial products company reported $2.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.13 by $0.12. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.09 billion. Chart Industries had a net margin of 1.00% and a return on equity of 9.27%. The company’s revenue for the quarter was up 130.0% compared to the same quarter last year. During the same period last year, the firm posted $1.67 earnings per share. On average, analysts expect Chart Industries to post $12 EPS for the current fiscal year and $15 EPS for the next fiscal year.

Chart Industries Stock Performance

Shares of GTLS opened at $152.00 on Friday. The company has a current ratio of 1.19, a quick ratio of 0.88 and a debt-to-equity ratio of 1.22. The firm has a market cap of $6.39 billion, a PE ratio of 400.00, a price-to-earnings-growth ratio of 0.42 and a beta of 1.70. The company’s 50 day simple moving average is $148.07 and its 200-day simple moving average is $136.67. Chart Industries has a 12-month low of $106.66 and a 12-month high of $184.65.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company lifted their price objective on shares of Chart Industries from $155.00 to $172.00 and gave the company an “overweight” rating in a research report on Friday, March 1st. 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 report on Tuesday, March 19th. Raymond James upgraded shares of Chart Industries from an “outperform” rating to a “strong-buy” rating and set a $190.00 price objective on the stock in a research report on Thursday, January 4th. Morgan Stanley assumed coverage on shares of Chart Industries in a research report on Thursday, April 18th. They issued an “equal weight” rating and a $200.00 price objective on the stock. Finally, TD Cowen lifted their price objective on shares of Chart Industries from $230.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, February 29th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Chart Industries has an average rating of “Moderate Buy” and a consensus price target of $194.85.

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.