Chart Industries (NYSE:GTLS) Updates FY25 Earnings Guidance

Chart Industries (NYSE:GTLS) updated its FY25 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of $12.00-13.00 for the period, compared to the consensus estimate of $12.60. The company issued revenue guidance of $4.65-4.85 billion, compared to the consensus revenue estimate of $4.85 billion. Chart Industries also updated its FY 2024 guidance to 9.000-9.000 EPS.

Chart Industries Stock Up 6.2 %

Shares of GTLS traded up $8.08 on Monday, reaching $138.08. The stock had a trading volume of 946,568 shares, compared to its average volume of 625,528. 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 12-month low of $101.60 and a 12-month high of $171.68. The firm has a market capitalization of $5.91 billion, a price-to-earnings ratio of 39.68, a price-to-earnings-growth ratio of 0.56 and a beta of 1.71. The company has a 50-day simple moving average of $121.62 and a 200-day simple moving average of $136.98.

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

Analyst Ratings Changes

GTLS has been the topic of a number of research reports. Stifel Nicolaus raised their price target on Chart Industries from $198.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday. Evercore ISI upgraded Chart Industries to a “strong-buy” rating in a research note on Monday, August 5th. Craig Hallum raised their price target on Chart Industries from $199.00 to $207.00 and gave the stock a “buy” rating in a research note on Monday. Morgan Stanley raised Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price target on the stock in a report on Monday, September 16th. Finally, Barclays decreased their price target on Chart Industries from $146.00 to $145.00 and set an “equal weight” rating on the stock in a report on Monday. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $178.82.

Insider Buying and Selling at Chart Industries

In other news, Director Linda S. Harty purchased 5,000 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were purchased at an average price of $48.05 per share, for a total transaction of $240,250.00. Following the completion of the purchase, the director now owns 5,000 shares in the company, valued at approximately $240,250. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CEO Jillian C. Evanko bought 440 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were bought at an average price of $114.31 per share, for a total transaction of $50,296.40. Following the completion of the purchase, the chief executive officer now directly owns 125,448 shares of the company’s stock, valued at approximately $14,339,960.88. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Linda S. Harty bought 5,000 shares of the business’s stock in a transaction on Monday, September 16th. The stock was bought at an average price of $48.05 per share, for a total transaction of $240,250.00. Following the purchase, the director now directly owns 5,000 shares of the company’s stock, valued at $240,250. The disclosure for this purchase can be found here. Insiders purchased a total of 7,152 shares of company stock valued at $482,278 in the last three months. Company insiders own 0.95% of the company’s stock.

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.