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

Chart Industries (NYSE:GTLS) issued an update on its FY 2024 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of 9.000-9.000 for the period, compared to the consensus 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

Several research firms have commented on GTLS. Bank of America lowered their price target on Chart Industries from $185.00 to $165.00 and set a “buy” rating for the company in a report on Monday, October 14th. Morgan Stanley upgraded shares of Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price target on the stock in a report on Monday, September 16th. The Goldman Sachs Group cut their target price on Chart Industries from $168.00 to $144.00 and set a “neutral” rating on the stock in a research report on Thursday, August 29th. Barclays cut their price objective on Chart Industries from $146.00 to $145.00 and set an “equal weight” rating on the stock in a report on Monday. Finally, Craig Hallum increased their target price on shares of Chart Industries from $199.00 to $207.00 and gave the stock a “buy” rating in a research report on Monday. Three 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.com, Chart Industries presently has a consensus rating of “Moderate Buy” and an average price target of $178.82.

Chart Industries Stock Up 8.6 %

NYSE:GTLS traded up $11.15 during trading hours on Monday, hitting $141.15. The stock had a trading volume of 1,920,732 shares, compared to its average volume of 630,102. The company has a market cap of $6.04 billion, a PE ratio of 39.68, a price-to-earnings-growth ratio of 0.56 and a beta of 1.71. The business has a 50 day simple moving average of $121.62 and a two-hundred day simple moving average of $136.98. Chart Industries has a 1-year low of $101.60 and a 1-year high of $171.68. The company has a current ratio of 1.27, a quick ratio of 0.98 and a debt-to-equity ratio of 1.28.

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

Insider Activity

In other Chart Industries news, CEO Jillian C. Evanko acquired 440 shares of the stock in a transaction on Thursday, September 5th. The stock was purchased at an average price of $114.31 per share, for a total transaction of $50,296.40. Following the purchase, the chief executive officer now directly owns 125,448 shares in the company, valued at $14,339,960.88. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Paul E. Mahoney purchased 500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was acquired at an average cost of $106.55 per share, for a total transaction of $53,275.00. Following the completion of the purchase, the director now owns 2,107 shares of the company’s stock, valued at approximately $224,500.85. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jillian C. Evanko acquired 440 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were purchased at an average price of $114.31 per share, for a total transaction of $50,296.40. Following the purchase, the chief executive officer now directly owns 125,448 shares of the company’s stock, valued at $14,339,960.88. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 7,152 shares of company stock worth $482,278 over the last ninety days. Corporate 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.