Chart Industries (GTLS) to Release Earnings on Friday

Chart Industries (NYSE:GTLS) will announce its earnings results before the market opens on Friday, May 3rd. Analysts expect the company to announce 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.Investors interested in participating in the company’s conference call can do so using this link.

Chart Industries (NYSE:GTLS) last released its quarterly earnings results on Wednesday, February 28th. The industrial products company reported $2.25 EPS for the quarter, topping analysts’ consensus estimates of $2.13 by $0.12. Chart Industries had a return on equity of 9.27% and a net margin of 1.00%. The company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the prior year, the firm earned $1.67 earnings per share. The firm’s revenue was up 130.0% compared to the same quarter last year. 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 %

NYSE:GTLS opened at $144.04 on Wednesday. The company has a quick ratio of 0.88, a current ratio of 1.19 and a debt-to-equity ratio of 1.22. The stock’s fifty day moving average is $148.76 and its two-hundred day moving average is $136.21. Chart Industries has a 52 week low of $106.66 and a 52 week high of $184.65. The stock has a market capitalization of $6.06 billion, a price-to-earnings ratio of 379.11, a price-to-earnings-growth ratio of 0.41 and a beta of 1.70.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on GTLS shares. Raymond James upgraded Chart Industries from an “outperform” rating to a “strong-buy” rating and set a $190.00 price objective on the stock in a research note on Thursday, January 4th. Wells Fargo & Company increased their price objective on Chart Industries from $155.00 to $172.00 and gave the company an “overweight” rating in a research note on Friday, March 1st. UBS Group upgraded Chart Industries from a “neutral” rating to a “buy” rating and increased their price objective for the company from $152.00 to $170.00 in a research note on Tuesday, March 19th. Morgan Stanley began coverage on Chart Industries in a research note on Thursday, April 18th. They issued an “equal weight” rating and a $200.00 price target on the stock. Finally, TD Cowen raised their price target on Chart Industries from $230.00 to $260.00 and gave the company an “outperform” rating in a research note on Thursday, February 29th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $194.85.

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.