Chart Industries, Inc. Expected to Post Q2 2024 Earnings of $2.56 Per Share (NYSE:GTLS)

Chart Industries, Inc. (NYSE:GTLS) – Stock analysts at Capital One Financial dropped their Q2 2024 earnings estimates for 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 per share of $2.56 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.

A number of other equities research analysts have also commented on GTLS. Piper Sandler raised their price objective on shares of Chart Industries from $151.00 to $160.00 and gave the stock a “neutral” rating in a report on Monday. Barclays assumed coverage on Chart Industries in a research note on Wednesday. They issued an “equal weight” rating and a $193.00 price target on the stock. UBS Group raised Chart Industries from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $152.00 to $170.00 in a research report on Tuesday, March 19th. Wells Fargo & Company increased their price objective on Chart Industries from $155.00 to $172.00 and gave the stock an “overweight” rating in a report on Friday, March 1st. Finally, 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 target price on the stock. One equities 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 issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $196.21.

Chart Industries Stock Performance

Shares of GTLS opened at $156.88 on Tuesday. The firm has a market cap of $6.71 billion, a P/E ratio of 156.88, a PEG ratio of 0.43 and a beta of 1.73. Chart Industries has a twelve month low of $106.66 and a twelve month high of $184.65. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.95 and a current ratio of 1.25. The firm’s 50 day moving average price is $151.80 and its two-hundred day moving average price is $136.07.

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

Institutional Investors Weigh In On Chart Industries

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

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.