Chart Industries (GTLS) Set to Announce Quarterly Earnings on Friday

Chart Industries (NYSE:GTLS) will be posting its quarterly earnings results before the market opens on Friday, November 1st. Analysts expect Chart Industries to post earnings of $2.77 per share for the quarter. Chart Industries has set its FY24 guidance at $10.75-11.75 EPS and its FY 2024 guidance at 10.750-11.750 EPS.Parties that are interested in registering for the company’s conference call can do so using this link.

Chart Industries (NYSE:GTLS) last released its earnings results on Friday, August 2nd. The industrial products company reported $2.18 earnings per share for the quarter, missing analysts’ consensus estimates of $2.57 by ($0.39). Chart Industries had a return on equity of 12.27% and a net margin of 2.80%. The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter last year, the company earned $1.19 earnings per share. The business’s revenue for the quarter was up 14.5% on a year-over-year basis. On average, analysts expect Chart Industries to post $10 EPS for the current fiscal year and $13 EPS for the next fiscal year.

Chart Industries Stock Down 0.4 %

Shares of GTLS stock opened at $122.95 on Thursday. Chart Industries has a 1 year low of $101.60 and a 1 year high of $171.68. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.98 and a current ratio of 1.27. The business’s fifty day moving average is $121.42 and its 200-day moving average is $137.31. The stock has a market cap of $5.26 billion, a PE ratio of 122.95, a price-to-earnings-growth ratio of 0.57 and a beta of 1.70.

Insider Activity

In other Chart Industries news, Director Linda S. Harty acquired 5,000 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was purchased at an average cost of $48.05 per share, for a total transaction of $240,250.00. Following the transaction, the director now owns 5,000 shares of the company’s stock, valued at $240,250. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Paul E. Mahoney bought 500 shares of the stock in a transaction on Wednesday, September 11th. The shares were purchased at an average price of $106.55 per share, for a total transaction of $53,275.00. Following the completion of the purchase, the director now directly owns 2,107 shares of the company’s stock, valued at $224,500.85. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Linda S. Harty purchased 5,000 shares of Chart Industries 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 completion of the acquisition, the director now owns 5,000 shares in the company, valued at $240,250. The disclosure for this purchase can be found here. Insiders acquired 7,152 shares of company stock worth $482,278 over the last quarter. Corporate insiders own 0.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on GTLS shares. Barclays lowered their target price on Chart Industries from $147.00 to $146.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 16th. Evercore ISI upgraded shares of Chart Industries to a “strong-buy” rating in a report on Monday, August 5th. Bank of America cut their target price on shares of Chart Industries from $185.00 to $165.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Craig Hallum decreased their price target on shares of Chart Industries from $229.00 to $199.00 and set a “buy” rating on the stock in a research report on Monday, August 5th. Finally, Wells Fargo & Company reduced their price objective on Chart Industries from $151.00 to $146.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. Three research 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $178.00.

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.