Chart Industries (NYSE:GTLS) Posts Earnings Results, Misses Expectations By $0.39 EPS

Chart Industries (NYSE:GTLS) announced its earnings results on Friday. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.88 by ($0.39), Briefing.com reports. Chart Industries had a return on equity of 9.49% and a net margin of 1.59%. The company had revenue of $950.70 million during the quarter, compared to analysts’ expectations of $970.91 million. During the same quarter last year, the firm posted $1.41 earnings per share. The firm’s revenue was up 76.7% on a year-over-year basis. Chart Industries updated its FY24 guidance to $12.00-14.00 EPS and its FY 2024 guidance to 12.000-14.000 EPS.

Chart Industries Stock Performance

Chart Industries stock opened at $155.00 on Monday. The company has a current ratio of 1.25, a quick ratio of 0.95 and a debt-to-equity ratio of 1.29. The firm has a market cap of $6.52 billion, a P/E ratio of 155.00, a P/E/G ratio of 0.43 and a beta of 1.73. Chart Industries has a 1-year low of $106.66 and a 1-year high of $184.65. The firm has a 50-day moving average of $150.44 and a 200-day moving average of $136.00.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on GTLS shares. Morgan Stanley began coverage on Chart Industries in a report on Thursday, April 18th. They issued an “equal weight” rating and a $200.00 price objective for the company. UBS Group raised Chart Industries from a “neutral” rating to a “buy” rating and upped their target price for the stock from $152.00 to $170.00 in a research note on Tuesday, March 19th. Wells Fargo & Company lifted their price target on shares of Chart Industries from $155.00 to $172.00 and gave the stock an “overweight” rating in a research note on Friday, March 1st. Finally, TD Cowen upped their price objective on shares of Chart Industries from $230.00 to $260.00 and gave the company an “outperform” rating in a research note on Thursday, February 29th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Chart Industries presently has a consensus rating of “Moderate Buy” and a consensus target price 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.