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

Chart Industries, Inc. (NYSE:GTLS) – Investment analysts at Seaport Res Ptn decreased their Q2 2024 earnings per share (EPS) estimates for shares of Chart Industries in a report issued on Monday, May 6th. Seaport Res Ptn analyst W. Liptak now expects that the industrial products company will post earnings per share of $2.38 for the quarter, down from their previous forecast of $2.70. The consensus estimate for Chart Industries’ current full-year earnings is $11.98 per share. Seaport Res Ptn also issued estimates for Chart Industries’ Q4 2024 earnings at $4.78 EPS, Q1 2025 earnings at $2.01 EPS and Q2 2025 earnings at $3.67 EPS.

A number of other equities research analysts also recently weighed in on the company. Stifel Nicolaus reduced their target price on Chart Industries from $224.00 to $220.00 and set a “buy” rating on the stock in a report on Monday. TD Cowen upped their target price on Chart Industries from $260.00 to $265.00 and gave the stock a “buy” rating in a report on Monday. Barclays initiated coverage on shares of Chart Industries in a report on Wednesday. They issued an “equal weight” rating and a $193.00 price objective for the company. UBS Group upgraded shares of Chart Industries from a “neutral” rating to a “buy” rating and upped their price target for the company from $152.00 to $170.00 in a research report on Tuesday, March 19th. Finally, 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 report on Friday, March 1st. One research analyst has rated the stock with a sell rating, five have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $196.21.

Chart Industries Price Performance

GTLS stock opened at $156.88 on Thursday. The company’s 50-day moving average price is $151.80 and its two-hundred day moving average price is $136.07. The firm has a market cap of $6.71 billion, a P/E ratio of 156.88, a P/E/G ratio of 0.43 and a beta of 1.73. 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 12 month low of $106.66 and a 12 month high of $184.65.

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

Hedge Funds Weigh In On Chart Industries

Several institutional investors have recently made changes to their positions in GTLS. Banque Cantonale Vaudoise raised its stake in Chart Industries by 5.1% during the 1st quarter. Banque Cantonale Vaudoise now owns 1,757 shares of the industrial products company’s stock worth $290,000 after buying an additional 85 shares during the period. Johnson Investment Counsel Inc. boosted its holdings in Chart Industries by 4.7% during the fourth quarter. Johnson Investment Counsel Inc. now owns 2,208 shares of the industrial products company’s stock worth $301,000 after purchasing an additional 99 shares during the last quarter. State of Michigan Retirement System grew its position in Chart Industries by 1.0% in the 4th quarter. State of Michigan Retirement System now owns 10,100 shares of the industrial products company’s stock worth $1,377,000 after purchasing an additional 100 shares in the last quarter. New York State Teachers Retirement System increased its stake in Chart Industries by 0.3% in the 1st quarter. New York State Teachers Retirement System now owns 38,958 shares of the industrial products company’s stock valued at $6,417,000 after buying an additional 100 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in shares of Chart Industries by 0.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 11,487 shares of the industrial products company’s stock worth $1,566,000 after buying an additional 104 shares in the last quarter.

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.