Seaport Res Ptn Weighs in on Chart Industries, Inc.’s FY2022 Earnings (NYSE:GTLS)

Chart Industries, Inc. (NYSE:GTLSGet Rating) – Stock analysts at Seaport Res Ptn increased their FY2022 earnings estimates for Chart Industries in a research note issued to investors on Tuesday, August 2nd. Seaport Res Ptn analyst W. Liptak now anticipates that the industrial products company will post earnings of $5.23 per share for the year, up from their prior estimate of $4.96. The consensus estimate for Chart Industries’ current full-year earnings is $5.18 per share. Seaport Res Ptn also issued estimates for Chart Industries’ Q1 2023 earnings at $1.33 EPS, Q2 2023 earnings at $1.85 EPS and Q2 2024 earnings at $2.53 EPS.

Several other equities analysts have also commented on GTLS. Credit Suisse Group upped their price target on shares of Chart Industries from $203.00 to $224.00 and gave the stock an “outperform” rating in a research report on Monday. Piper Sandler boosted their price objective on shares of Chart Industries from $185.00 to $200.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 17th. Lake Street Capital boosted their price objective on shares of Chart Industries from $195.00 to $225.00 in a research note on Monday. Wells Fargo & Company boosted their price objective on shares of Chart Industries from $200.00 to $205.00 in a research note on Monday, May 2nd. Finally, Craig Hallum boosted their price objective on shares of Chart Industries from $225.00 to $243.00 in a research note on Monday. One analyst has rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $212.60.

Chart Industries Stock Performance

NYSE:GTLS opened at $195.73 on Thursday. The firm has a 50 day simple moving average of $169.20 and a 200-day simple moving average of $158.91. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.23 and a quick ratio of 0.77. The firm has a market cap of $7.17 billion, a PE ratio of 135.92 and a beta of 1.61. Chart Industries has a 1-year low of $108.29 and a 1-year high of $206.29.

Chart Industries (NYSE:GTLSGet Rating) last announced its quarterly earnings results on Friday, July 29th. The industrial products company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.08. Chart Industries had a net margin of 4.49% and a return on equity of 7.70%. The company had revenue of $404.80 million for the quarter, compared to the consensus estimate of $390.83 million. During the same quarter in the prior year, the firm earned $0.76 earnings per share. The company’s revenue for the quarter was up 25.7% compared to the same quarter last year.

Hedge Funds Weigh In On Chart Industries

Institutional investors and hedge funds have recently bought and sold shares of the stock. Capital World Investors boosted its position in shares of Chart Industries by 16.1% during the 1st quarter. Capital World Investors now owns 4,402,819 shares of the industrial products company’s stock valued at $756,272,000 after purchasing an additional 609,148 shares in the last quarter. Nordea Investment Management AB boosted its position in shares of Chart Industries by 22.9% during the 1st quarter. Nordea Investment Management AB now owns 1,444,114 shares of the industrial products company’s stock valued at $254,763,000 after purchasing an additional 269,051 shares in the last quarter. Alliancebernstein L.P. boosted its position in shares of Chart Industries by 2.3% during the 4th quarter. Alliancebernstein L.P. now owns 1,389,601 shares of the industrial products company’s stock valued at $221,627,000 after purchasing an additional 31,808 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Chart Industries by 63.1% during the 1st quarter. Wellington Management Group LLP now owns 1,339,412 shares of the industrial products company’s stock valued at $230,071,000 after purchasing an additional 517,951 shares in the last quarter. Finally, Invesco Ltd. boosted its position in shares of Chart Industries by 6.5% during the 1st quarter. Invesco Ltd. now owns 1,127,603 shares of the industrial products company’s stock valued at $193,688,000 after purchasing an additional 69,149 shares in the last quarter.

Chart Industries Company Profile

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Chart Industries, Inc manufactures and sells engineered equipment for the energy and industrial gas industries worldwide. The company operates through four segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products, and Repair, Service & Leasing. It provides bulk and packaged gas cryogenic solutions for the storage, distribution, vaporization, and application of industrial gases; cryogenic trailers, ISO containers, bulk storage tanks, loading facilities, and regasification equipment for delivering liquefied natural gas (LNG) into virtual pipeline applications; and large vacuum insulated storage tanks as equipment for purchasers of standard liquefaction plants.

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Earnings History and Estimates for Chart Industries (NYSE:GTLS)

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