Chart Industries (GTLS) to Release Earnings on Friday

Chart Industries (NYSE:GTLS) will post its quarterly earnings results before the market opens on Friday, May 3rd. Analysts expect Chart Industries to post 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.Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Chart Industries (NYSE:GTLS) last issued its earnings results on Wednesday, February 28th. The industrial products company reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.13 by $0.12. The company 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% on a year-over-year basis. During the same quarter last year, the firm earned $1.67 EPS. 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 Down 3.0 %

Shares of NYSE GTLS opened at $144.04 on Wednesday. The firm has a market capitalization of $6.06 billion, a PE ratio of 379.11, a price-to-earnings-growth ratio of 0.41 and a beta of 1.70. The company has a current ratio of 1.19, a quick ratio of 0.88 and a debt-to-equity ratio of 1.22. Chart Industries has a 1 year low of $106.66 and a 1 year high of $184.65. The firm’s 50-day moving average is $148.76 and its 200-day moving average is $136.21.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Wells Fargo & Company raised their target price on shares of Chart Industries from $155.00 to $172.00 and gave the stock an “overweight” rating in a report on Friday, March 1st. UBS Group upgraded shares of Chart Industries from a “neutral” rating to a “buy” rating and raised their target price for the stock from $152.00 to $170.00 in a 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 target price on the stock in a report on Thursday, January 4th. Morgan Stanley assumed coverage on shares of Chart Industries in a report on Thursday, April 18th. They set an “equal weight” rating and a $200.00 target price on the stock. Finally, TD Cowen raised their target price on shares of Chart Industries from $230.00 to $260.00 and gave the stock an “outperform” rating in a report on Thursday, February 29th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock 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.