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

Chart Industries, Inc. (NYSE:GTLS) – Capital One Financial raised their FY2024 EPS estimates for shares of Chart Industries in a note issued to investors on Monday, May 6th. Capital One Financial analyst D. Becker now forecasts that the industrial products company will post earnings per share of $11.84 for the year, up from their previous forecast 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 issued 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 the consensus estimate of $970.91 million. During the same period in the prior year, the firm earned $1.41 EPS. The business’s revenue for the quarter was up 76.7% compared to the same quarter last year.

Several other research analysts have also issued reports on the stock. Piper Sandler raised their price target on shares of Chart Industries from $151.00 to $160.00 and gave the stock a “neutral” rating in a report on Monday. UBS Group raised shares of Chart Industries from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $152.00 to $170.00 in a research note on Tuesday, March 19th. Stifel Nicolaus cut their price target on shares of Chart Industries from $224.00 to $220.00 and set a “buy” rating on the stock in a research report on Monday. Morgan Stanley started coverage on Chart Industries in a research report on Thursday, April 18th. They issued an “equal weight” rating and a $200.00 price objective for the company. Finally, Wells Fargo & Company boosted their price objective on Chart Industries from $155.00 to $172.00 and gave the company an “overweight” rating in a research note on Friday, March 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $196.21.

Chart Industries Price Performance

Shares of GTLS opened at $156.88 on Wednesday. The business has a 50-day moving average of $151.80 and a 200-day moving average of $136.07. Chart Industries has a 1 year low of $106.66 and a 1 year high of $184.65. The company has a market capitalization of $6.71 billion, a price-to-earnings ratio of 156.88, a price-to-earnings-growth ratio of 0.43 and a beta of 1.73. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.25 and a quick ratio of 0.95.

Institutional Investors Weigh In On Chart Industries

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Nordea Investment Management AB lifted its position in shares of Chart Industries by 5.5% during the 4th quarter. Nordea Investment Management AB now owns 1,948,174 shares of the industrial products company’s stock worth $268,088,000 after buying an additional 101,404 shares in the last quarter. Vontobel Holding Ltd. boosted its position in Chart Industries by 10.4% in the fourth quarter. Vontobel Holding Ltd. now owns 139,774 shares of the industrial products company’s stock worth $19,055,000 after purchasing an additional 13,155 shares during the last quarter. Asset Management One Co. Ltd. purchased a new position in Chart Industries in the fourth quarter worth $1,366,000. Peregrine Capital Management LLC grew its stake in Chart Industries by 13.0% in the 4th quarter. Peregrine Capital Management LLC now owns 77,666 shares of the industrial products company’s stock valued at $10,588,000 after purchasing an additional 8,938 shares during the period. Finally, Readystate Asset Management LP raised its stake in shares of Chart Industries by 94.5% during the 4th quarter. Readystate Asset Management LP now owns 23,605 shares of the industrial products company’s stock worth $3,218,000 after purchasing an additional 11,471 shares during the period.

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.