Q4 EPS Forecast for Chart Industries Reduced by Analyst

Chart Industries, Inc. (NYSE:GTLS - Free Report) - Equities researchers at Capital One Financial cut their Q4 2024 earnings per share (EPS) estimates for shares of Chart Industries in a research note issued to investors on Monday, January 13th. Capital One Financial analyst D. Becker now forecasts that the industrial products company will post earnings of $3.17 per share for the quarter, down from their previous forecast of $3.50. The consensus estimate for Chart Industries' current full-year earnings is $9.03 per share. Capital One Financial also issued estimates for Chart Industries' Q4 2026 earnings at $4.37 EPS.

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

GTLS has been the subject of several other research reports. Raymond James restated a "strong-buy" rating and issued a $190.00 price target on shares of Chart Industries in a research note on Monday, December 2nd. Wells Fargo & Company cut their price target on Chart Industries from $151.00 to $146.00 and set an "overweight" rating on the stock in a report on Thursday, October 3rd. Stifel Nicolaus lifted their price objective on Chart Industries from $200.00 to $231.00 and gave the company a "buy" rating in a research note on Tuesday, December 31st. The Goldman Sachs Group upped their target price on shares of Chart Industries from $138.00 to $201.00 and gave the stock a "neutral" rating in a research note on Friday, December 20th. Finally, Bank of America decreased their price target 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. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $188.75.

Chart Industries Trading Up 2.8 %

GTLS traded up $5.56 during mid-day trading on Tuesday, hitting $204.68. 498,705 shares of the stock were exchanged, compared to its average volume of 704,927. The firm's fifty day moving average is $186.71 and its two-hundred day moving average is $149.82. Chart Industries has a 1-year low of $101.60 and a 1-year high of $210.66. The company has a market cap of $8.76 billion, a PE ratio of 59.33, a PEG ratio of 1.01 and a beta of 1.84. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.16.

Institutional Trading of Chart Industries

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ashton Thomas Securities LLC purchased a new position in Chart Industries during the 3rd quarter valued at about $34,000. UMB Bank n.a. lifted its stake 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 valued at $39,000 after buying an additional 255 shares in the last quarter. Ecofi Investissements SA acquired a new stake in Chart Industries during the 2nd quarter valued at $50,000. Mendota Financial Group LLC raised its holdings in shares of Chart Industries by 46.2% in the third quarter. Mendota Financial Group LLC now owns 642 shares of the industrial products company's stock worth $80,000 after acquiring an additional 203 shares during the last quarter. Finally, nVerses Capital LLC purchased a new stake in shares of Chart Industries in the third quarter valued at $87,000.

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.