Chart Industries (NYSE:GTLS) Issues FY24 Earnings Guidance

Chart Industries (NYSE:GTLS) updated its FY24 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of ~$9.00 for the period, compared to the consensus estimate of $10.14. The company issued revenue guidance of $4.20-4.30 billion, compared to the consensus revenue estimate of $4.40 billion. Chart Industries also updated its FY 2024 guidance to 9.000-9.000 EPS.

Analysts Set New Price Targets

GTLS has been the subject of several recent analyst reports. Morgan Stanley raised shares of Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price objective for the company in a research report on Monday, September 16th. Evercore ISI upgraded shares of Chart Industries to a “strong-buy” rating in a research report on Monday, August 5th. Wells Fargo & Company reduced their target price on Chart Industries from $151.00 to $146.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. Barclays dropped their price objective on Chart Industries from $146.00 to $145.00 and set an “equal weight” rating for the company in a research report on Monday. Finally, Bank of America decreased their target price on Chart Industries from $185.00 to $165.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $178.82.

Chart Industries Stock Up 5.3 %

Shares of NYSE GTLS traded up $6.90 during trading on Monday, hitting $136.90. 823,793 shares of the company traded hands, compared to its average volume of 624,952. The firm has a market capitalization of $5.86 billion, a price-to-earnings ratio of 39.68, a P/E/G ratio of 0.56 and a beta of 1.71. The business’s fifty day moving average is $121.62 and its 200 day moving average is $136.98. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.98 and a current ratio of 1.27. Chart Industries has a fifty-two week low of $101.60 and a fifty-two week high of $171.68.

Chart Industries (NYSE:GTLS) last released its quarterly earnings data on Friday, November 1st. The industrial products company reported $2.18 EPS for the quarter, missing the consensus estimate of $2.56 by ($0.38). Chart Industries had a net margin of 2.80% and a return on equity of 12.27%. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the prior year, the firm earned $1.28 EPS. The company’s revenue was up 18.3% compared to the same quarter last year. Equities research analysts predict that Chart Industries will post 9.94 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Chart Industries news, CEO Jillian C. Evanko purchased 440 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was bought at an average cost of $114.31 per share, with a total value of $50,296.40. Following the completion of the transaction, the chief executive officer now owns 125,448 shares of the company’s stock, valued at $14,339,960.88. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Paul E. Mahoney acquired 500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The shares were bought at an average cost 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. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jillian C. Evanko bought 440 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were bought at an average price of $114.31 per share, with a total value of $50,296.40. Following the completion of the transaction, the chief executive officer now owns 125,448 shares of the company’s stock, valued at $14,339,960.88. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 7,152 shares of company stock valued at $482,278 in the last 90 days. 0.95% of the stock is currently owned by corporate insiders.

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.