FY2024 EPS Estimates for Chart Industries, Inc. (NYSE:GTLS) Lifted by Capital One Financial

Chart Industries, Inc. (NYSE:GTLS) – Investment analysts at Capital One Financial raised their FY2024 earnings per share (EPS) estimates for shares of Chart Industries in a report issued on Monday, May 6th. Capital One Financial analyst D. Becker now expects that the industrial products company will post earnings of $11.84 per share for the year, up from their prior forecast of $10.99. The consensus estimate for Chart Industries’ current full-year earnings is $11.98 per share. Capital One Financial also issued estimates for Chart Industries’ Q4 2024 earnings at $4.21 EPS.

Several other equities research analysts also recently weighed in on the stock. TD Cowen lifted their price target on shares of Chart Industries from $260.00 to $265.00 and gave the company a “buy” rating in a research note on Monday. UBS Group raised Chart Industries from a “neutral” rating to a “buy” rating and upped their price target for the stock from $152.00 to $170.00 in a research note on Tuesday, March 19th. Wells Fargo & Company upped their price target on Chart Industries from $155.00 to $172.00 and gave the stock an “overweight” rating in a research note on Friday, March 1st. Stifel Nicolaus dropped their price target on Chart Industries from $224.00 to $220.00 and set a “buy” rating on the stock in a research note on Monday. Finally, Barclays initiated coverage on Chart Industries in a research note on Wednesday. They set an “equal weight” rating and a $193.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $196.21.

Chart Industries Stock Performance

NYSE:GTLS opened at $156.88 on Wednesday. The firm has a market capitalization of $6.71 billion, a P/E ratio of 156.88, a P/E/G 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 fifty day moving average of $151.80 and a 200-day moving average of $136.07. The company has a quick ratio of 0.95, a current ratio of 1.25 and a debt-to-equity ratio of 1.29.

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

Institutional Investors Weigh In On Chart Industries

A number of hedge funds have recently made changes to their positions in the business. Capital World Investors increased its holdings in Chart Industries by 0.4% in the 4th quarter. Capital World Investors now owns 4,986,531 shares of the industrial products company’s stock worth $679,814,000 after acquiring an additional 17,450 shares during the last quarter. Vanguard Group Inc. increased its stake in Chart Industries by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 4,163,475 shares of the industrial products company’s stock worth $567,607,000 after purchasing an additional 39,130 shares during the period. Nordea Investment Management AB grew its position in shares of Chart Industries by 5.5% in the 4th quarter. Nordea Investment Management AB now owns 1,948,174 shares of the industrial products company’s stock worth $268,088,000 after buying an additional 101,404 shares during the last quarter. King Luther Capital Management Corp grew its position in shares of Chart Industries by 8.6% in the 4th quarter. King Luther Capital Management Corp now owns 930,238 shares of the industrial products company’s stock worth $126,819,000 after buying an additional 73,586 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of Chart Industries by 13.9% during the first quarter. Principal Financial Group Inc. now owns 695,946 shares of the industrial products company’s stock valued at $114,636,000 after purchasing an additional 84,931 shares in the last quarter.

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.