Q2 2024 EPS Estimates for Chart Industries, Inc. (NYSE:GTLS) Reduced by Analyst

Chart Industries, Inc. (NYSE:GTLS) – Stock analysts at Capital One Financial dropped their Q2 2024 earnings estimates for shares of Chart Industries in a research note issued on Monday, May 6th. Capital One Financial analyst D. Becker now expects that the industrial products company will post earnings of $2.56 per share for the quarter, down from their prior forecast of $2.66. The consensus estimate for Chart Industries’ current full-year earnings is $11.98 per share. Capital One Financial also issued estimates for Chart Industries’ Q3 2024 earnings at $2.92 EPS, Q1 2025 earnings at $2.98 EPS, Q2 2025 earnings at $3.64 EPS, Q3 2025 earnings at $3.82 EPS, Q4 2025 earnings at $4.63 EPS and FY2025 earnings at $15.06 EPS.

Chart Industries (NYSE:GTLS) last released its quarterly earnings data on Friday, May 3rd. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.39). Chart Industries had a net margin of 1.59% and a return on equity of 9.49%. The company had revenue of $950.70 million for the quarter, compared to the consensus estimate of $970.91 million. During the same quarter in the previous year, the firm posted $1.41 earnings per share. The business’s revenue for the quarter was up 76.7% compared to the same quarter last year.

A number of other research firms have also weighed in on GTLS. TD Cowen upped their target price on shares of Chart Industries from $260.00 to $265.00 and gave the stock a “buy” rating in a report on Monday. UBS Group raised shares of Chart Industries from a “neutral” rating to a “buy” rating and upped their price target for the stock from $152.00 to $170.00 in a report on Tuesday, March 19th. Piper Sandler lifted their price objective on Chart Industries from $151.00 to $160.00 and gave the company a “neutral” rating in a research note on Monday. Stifel Nicolaus reduced their target price on Chart Industries from $224.00 to $220.00 and set a “buy” rating for the company in a research report on Monday. Finally, Wells Fargo & Company raised their price target on Chart Industries from $155.00 to $172.00 and gave the company an “overweight” rating in a report on Friday, March 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $196.46.

Chart Industries Trading Up 1.5 %

Shares of GTLS opened at $160.30 on Tuesday. The business’s 50-day moving average price is $151.62 and its 200-day moving average price is $135.92. The company has a quick ratio of 0.95, a current ratio of 1.25 and a debt-to-equity ratio of 1.29. Chart Industries has a twelve month low of $106.66 and a twelve month high of $184.65. The stock has a market cap of $6.74 billion, a PE ratio of 160.30, a P/E/G ratio of 0.43 and a beta of 1.73.

Hedge Funds Weigh In On Chart Industries

A number of large investors have recently added to or reduced their stakes in GTLS. Allspring Global Investments Holdings LLC bought a new position in shares of Chart Industries during the first quarter valued at about $30,000. Spire Wealth Management grew its position in Chart Industries by 141.0% during the 1st quarter. Spire Wealth Management now owns 200 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 117 shares during the last quarter. Cape Investment Advisory Inc. purchased a new position in Chart Industries in the 4th quarter worth approximately $33,000. Rise Advisors LLC lifted its position in Chart Industries by 905.0% in the first quarter. Rise Advisors LLC now owns 201 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 181 shares during the last quarter. Finally, Mendota Financial Group LLC purchased a new stake in shares of Chart Industries during the fourth quarter valued at approximately $77,000.

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.