Chart Industries (GTLS) Set to Announce Earnings on Friday

Chart Industries (NYSE:GTLS) will post its quarterly earnings results before the market opens on Friday, November 1st. Analysts expect Chart Industries to post earnings of $2.77 per share for the quarter. Chart Industries has set its FY24 guidance at $10.75-11.75 EPS and its FY 2024 guidance at 10.750-11.750 EPS.Parties that are interested in registering for the company’s conference call can do so using this link.

Chart Industries (NYSE:GTLS) last posted its quarterly earnings data on Friday, August 2nd. The industrial products company reported $2.18 earnings per share for the quarter, missing analysts’ consensus estimates of $2.57 by ($0.39). The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.11 billion. Chart Industries had a return on equity of 12.27% and a net margin of 2.80%. The firm’s revenue was up 14.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.19 earnings per share. On average, analysts expect Chart Industries to post $10 EPS for the current fiscal year and $14 EPS for the next fiscal year.

Chart Industries Trading Up 1.7 %

NYSE:GTLS opened at $122.62 on Friday. Chart Industries has a 12-month low of $101.60 and a 12-month 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. The stock’s 50 day simple moving average is $120.93 and its 200-day simple moving average is $138.40. The firm has a market cap of $5.25 billion, a P/E ratio of 122.62, a PEG ratio of 0.40 and a beta of 1.70.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on GTLS. Barclays dropped their price objective on shares of Chart Industries from $147.00 to $146.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 16th. Bank of America cut their price target on shares of Chart Industries from $185.00 to $165.00 and set a “buy” rating for the company in a report on Monday, October 14th. The Goldman Sachs Group lowered their price objective on Chart Industries from $168.00 to $144.00 and set a “neutral” rating on the stock in a report on Thursday, August 29th. Morgan Stanley raised Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 target price for the company in a research note on Monday, September 16th. Finally, Stifel Nicolaus decreased their price target on Chart Industries from $199.00 to $198.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $178.00.

Insider Buying and Selling

In other news, Director Paul E. Mahoney purchased 500 shares of the company’s stock in a transaction dated Wednesday, September 11th. The stock was acquired at an average price of $106.55 per share, for a total transaction of $53,275.00. Following the completion of the transaction, the director now directly owns 2,107 shares in the company, valued at $224,500.85. This represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. In other Chart Industries news, Director Paul E. Mahoney bought 500 shares of the business’s stock in a transaction on Wednesday, September 11th. The stock was bought at an average price of $106.55 per share, for a total transaction of $53,275.00. Following the completion of the transaction, the director now owns 2,107 shares in the company, valued at approximately $224,500.85. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Linda S. Harty bought 5,000 shares of the business’s stock in a transaction on Monday, September 16th. The shares were acquired at an average price of $48.05 per share, with a total value of $240,250.00. Following the transaction, the director now owns 5,000 shares of the company’s stock, valued at $240,250. The disclosure for this purchase can be found here. Insiders have bought a total of 7,152 shares of company stock worth $482,278 in the last quarter. Company 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.