FY2024 Earnings Estimate for GTLS Issued By Seaport Res Ptn

Chart Industries, Inc. (NYSE:GTLS - Free Report) - Research analysts at Seaport Res Ptn issued their FY2024 earnings per share (EPS) estimates for Chart Industries in a note issued to investors 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 $9.94 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.

Several other research firms have also weighed in on GTLS. Barclays lowered their price objective on Chart Industries from $146.00 to $145.00 and set an "equal weight" rating for the company in a research report on Monday. Evercore ISI raised Chart Industries to a "strong-buy" rating in a research note on Monday, August 5th. The Goldman Sachs Group lowered their price objective on shares of Chart Industries from $168.00 to $144.00 and set a "neutral" rating for the company in a research note on Thursday, August 29th. Craig Hallum increased their target price on shares of Chart Industries from $199.00 to $207.00 and gave the stock a "buy" rating in a research note on Monday. Finally, Morgan Stanley raised shares of Chart Industries from an "equal weight" rating to an "overweight" rating and set a $175.00 price target for the company in a research note on Monday, September 16th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $178.82.

Chart Industries Trading Up 11.3 %

GTLS stock traded up $16.86 during midday trading on Wednesday, hitting $165.93. The stock had a trading volume of 2,008,950 shares, compared to its average volume of 641,621. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16. The firm has a market cap of $7.10 billion, a P/E ratio of 47.58, a price-to-earnings-growth ratio of 0.61 and a beta of 1.71. The business has a fifty day moving average price of $122.37 and a two-hundred day moving average price of $136.86. Chart Industries has a 1-year low of $101.60 and a 1-year high of $171.68.

Chart Industries (NYSE:GTLS - Get Free Report) last released its quarterly earnings results on Friday, November 1st. The industrial products company reported $2.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.56 by ($0.38). Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the previous year, the business posted $1.28 EPS. The firm's revenue for the quarter was up 18.3% compared to the same quarter last year.

Hedge Funds Weigh In On Chart Industries

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC purchased a new stake in Chart Industries in the first quarter worth $30,000. Ashton Thomas Securities LLC purchased a new stake in Chart Industries in the 3rd quarter worth about $34,000. UMB Bank n.a. increased its holdings in Chart Industries by 418.0% in the 3rd quarter. UMB Bank n.a. now owns 316 shares of the industrial products company's stock worth $39,000 after acquiring an additional 255 shares during the last quarter. Byrne Asset Management LLC purchased a new stake in Chart Industries during the second quarter valued at about $40,000. Finally, Ecofi Investissements SA bought a new position in Chart Industries during the second quarter worth about $50,000.

Insiders Place Their Bets

In related news, CEO Jillian C. Evanko acquired 440 shares of the company's stock in a transaction on Thursday, September 5th. The shares were acquired at an average cost of $114.31 per share, for a total transaction of $50,296.40. Following the purchase, the chief executive officer now owns 125,448 shares in the company, valued at approximately $14,339,960.88. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Chart Industries news, CEO Jillian C. Evanko bought 440 shares of the business's stock in a transaction dated Thursday, September 5th. The shares were purchased at an average price of $114.31 per share, for a total transaction of $50,296.40. Following 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 represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Linda S. Harty purchased 1,000 shares of the firm's stock in a transaction that occurred on Friday, September 13th. The shares were acquired at an average cost of $113.50 per share, with a total value of $113,500.00. Following the completion of the transaction, the director now directly owns 10,640 shares of the company's stock, valued at $1,207,640. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 7,152 shares of company stock valued at $482,278. Corporate insiders own 0.95% of the company's stock.

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.