What is Seaport Res Ptn’s Estimate for GTLS FY2024 Earnings?

Chart Industries, Inc. (NYSE:GTLS) – Research analysts at Seaport Res Ptn issued their FY2024 EPS estimates for shares of Chart Industries in a research report issued on Monday, November 4th. Seaport Res Ptn analyst W. Liptak expects that the industrial products company will post earnings per share of $9.00 for the year. The consensus estimate for Chart Industries’ current full-year earnings is $9.00 per share. Seaport Res Ptn also issued estimates for Chart Industries’ Q4 2024 earnings at $3.15 EPS, Q2 2025 earnings at $3.11 EPS, Q4 2025 earnings at $4.17 EPS and FY2025 earnings at $12.77 EPS.

Chart Industries (NYSE:GTLS) last posted its quarterly earnings data 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). The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. The business’s quarterly revenue was up 18.3% on a year-over-year basis. During the same quarter last year, the business earned $1.28 earnings per share.

Other equities research analysts have also issued reports about the stock. Morgan Stanley upgraded shares of Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 target price on the stock in a research report on Monday, September 16th. Stifel Nicolaus boosted their target price on shares of Chart Industries from $198.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday. Craig Hallum boosted their target price on shares of Chart Industries from $199.00 to $207.00 and gave the stock a “buy” rating in a research report on Monday. Bank of America decreased their target price on shares of Chart Industries from $185.00 to $165.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Finally, Wells Fargo & Company decreased their target price on shares of Chart Industries from $151.00 to $146.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $178.82.

Chart Industries Price Performance

Shares of NYSE GTLS opened at $165.93 on Wednesday. The firm has a market capitalization of $7.10 billion, a P/E ratio of 48.10, a PEG ratio of 0.73 and a beta of 1.71. Chart Industries has a one year low of $101.60 and a one year high of $171.68. The company’s fifty day moving average is $122.37 and its two-hundred day moving average is $136.86. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.27.

Institutional Trading of Chart Industries

A number of institutional investors have recently modified their holdings of GTLS. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in Chart Industries by 28.9% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 118,774 shares of the industrial products company’s stock worth $19,564,000 after acquiring an additional 26,627 shares during the period. SIR Capital Management L.P. boosted its holdings in Chart Industries by 74.7% in the 2nd quarter. SIR Capital Management L.P. now owns 97,342 shares of the industrial products company’s stock worth $14,050,000 after acquiring an additional 41,626 shares during the period. Silvercrest Asset Management Group LLC purchased a new position in Chart Industries in the 1st quarter worth approximately $15,702,000. NBW Capital LLC boosted its holdings in Chart Industries by 28.7% in the 1st quarter. NBW Capital LLC now owns 58,651 shares of the industrial products company’s stock worth $9,661,000 after acquiring an additional 13,062 shares during the period. Finally, Lisanti Capital Growth LLC boosted its holdings in Chart Industries by 99.1% in the 1st quarter. Lisanti Capital Growth LLC now owns 32,230 shares of the industrial products company’s stock worth $5,309,000 after acquiring an additional 16,040 shares during the period.

Insider Activity at Chart Industries

In related news, Director Linda S. Harty acquired 5,000 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was bought at an average price of $48.05 per share, with a total value of $240,250.00. Following the purchase, the director now directly owns 5,000 shares in the company, valued at $240,250. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Jillian C. Evanko bought 440 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was acquired at an average price of $114.31 per share, for a total transaction of $50,296.40. Following the acquisition, the chief executive officer now owns 125,448 shares of the company’s stock, valued at $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 SEC, which is available at this link. Also, Director Linda S. Harty bought 5,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were purchased at an average price of $48.05 per share, with a total value of $240,250.00. Following the acquisition, the director now directly owns 5,000 shares in the company, valued at approximately $240,250. The disclosure for this purchase can be found here. In the last quarter, insiders bought 7,152 shares of company stock valued at $482,278. 0.95% of the stock is owned by 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.