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

Chart Industries, Inc. (NYSE:GTLS) – Stock analysts at Seaport Res Ptn issued their FY2024 earnings estimates for Chart Industries in a research report issued on Monday, November 4th. Seaport Res Ptn analyst W. Liptak forecasts 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 EPS for the quarter, missing the consensus estimate of $2.56 by ($0.38). Chart Industries had a net margin of 4.30% and a return on equity of 13.25%. 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 previous year, the business posted $1.28 EPS. The company’s revenue for the quarter was up 18.3% compared to the same quarter last year.

Several other research firms have also commented on GTLS. Wells Fargo & Company lowered their price objective on shares of Chart Industries from $151.00 to $146.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. Evercore ISI raised shares of Chart Industries to a “strong-buy” rating in a research note on Monday, August 5th. Stifel Nicolaus raised their target price on shares of Chart Industries from $198.00 to $200.00 and gave the company a “buy” rating in a report on Monday. Barclays reduced their target price on shares of Chart Industries from $146.00 to $145.00 and set an “equal weight” rating on the stock in a report on Monday. Finally, Craig Hallum raised their target price on shares of Chart Industries from $199.00 to $207.00 and gave the company a “buy” rating in a report on Monday. 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 stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $178.82.

Chart Industries Trading Up 11.3 %

NYSE GTLS opened at $165.93 on Wednesday. The firm has a 50 day simple moving average of $122.37 and a 200-day simple moving average of $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. Chart Industries has a one year low of $101.60 and a one year high of $171.68. The firm has a market cap of $7.10 billion, a price-to-earnings ratio of 48.10, a PEG ratio of 0.73 and a beta of 1.71.

Insiders Place Their Bets

In related news, Director Linda S. Harty acquired 5,000 shares of the business’s stock in a transaction on Monday, September 16th. The shares were bought 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 acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Chart Industries news, Director Linda S. Harty bought 5,000 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were acquired at an average cost of $48.05 per share, with a total value of $240,250.00. Following the acquisition, the director now directly owns 5,000 shares of the company’s stock, valued at $240,250. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Paul E. Mahoney bought 500 shares of the business’s stock in a transaction dated Wednesday, September 11th. The stock was acquired at an average cost of $106.55 per share, for a total transaction of $53,275.00. Following the completion of the acquisition, the director now directly 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 disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 7,152 shares of company stock valued at $482,278. 0.95% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Chart Industries

A number of institutional investors have recently modified their holdings of the business. Natixis Advisors LLC increased its holdings in shares of Chart Industries by 8.4% in the 3rd quarter. Natixis Advisors LLC now owns 21,800 shares of the industrial products company’s stock valued at $2,706,000 after acquiring an additional 1,692 shares during the period. Royce & Associates LP increased its holdings in shares of Chart Industries by 12.9% in the 3rd quarter. Royce & Associates LP now owns 135,960 shares of the industrial products company’s stock valued at $16,878,000 after acquiring an additional 15,502 shares during the period. Pier 88 Investment Partners LLC acquired a new position in shares of Chart Industries in the 3rd quarter valued at $456,000. Victory Capital Management Inc. grew its position in Chart Industries by 27.4% in the 3rd quarter. Victory Capital Management Inc. now owns 388,736 shares of the industrial products company’s stock valued at $48,258,000 after buying an additional 83,685 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new position in Chart Industries in the 3rd quarter valued at $210,000.

About Chart Industries

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.