Chart Industries (NYSE:GTLS) Updates FY25 Earnings Guidance

Chart Industries (NYSE:GTLS) updated its FY25 earnings guidance on Friday. The company provided EPS guidance of $12.00-13.00 for the period, compared to the consensus EPS estimate of $12.60. The company issued revenue guidance of $4.65-4.85 billion, compared to the consensus revenue estimate of $4.85 billion. Chart Industries also updated its FY 2024 guidance to 9.000-9.000 EPS.

Analyst Ratings Changes

GTLS has been the topic of several research analyst reports. Stifel Nicolaus lifted their price objective on Chart Industries from $198.00 to $200.00 and gave the stock a “buy” rating in a report on Monday. Craig Hallum increased their price target on shares of Chart Industries from $199.00 to $207.00 and gave the company a “buy” rating in a research note on Monday. Wells Fargo & Company dropped their price target 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. Morgan Stanley raised shares of Chart Industries from an “equal weight” rating to an “overweight” rating and set a $175.00 price objective for the company in a research report on Monday, September 16th. Finally, The Goldman Sachs Group decreased their price target on Chart Industries from $168.00 to $144.00 and set a “neutral” rating on the stock in a research note on Thursday, August 29th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Chart Industries presently has an average rating of “Moderate Buy” and an average target price of $178.82.

Chart Industries Stock Up 6.2 %

Shares of Chart Industries stock traded up $8.08 during trading on Monday, hitting $138.08. 946,568 shares of the stock were exchanged, compared to its average volume of 625,528. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.27 and a quick ratio of 0.98. The firm’s 50-day moving average price is $121.62 and its 200 day moving average price is $136.98. The stock has a market cap of $5.91 billion, a price-to-earnings ratio of 39.68, a price-to-earnings-growth ratio of 0.56 and a beta of 1.71. Chart Industries has a 12-month low of $101.60 and a 12-month high of $171.68.

Chart Industries (NYSE:GTLS) last issued 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). The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.10 billion. Chart Industries had a return on equity of 12.27% and a net margin of 2.80%. The business’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.28 EPS. As a group, analysts forecast that Chart Industries will post 9.94 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Linda S. Harty bought 5,000 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was purchased at an average price of $48.05 per share, for a total transaction of $240,250.00. Following the completion of the purchase, the director now owns 5,000 shares in the company, valued at approximately $240,250. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Linda S. Harty purchased 1,000 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The stock was purchased at an average cost of $113.50 per share, with a total value of $113,500.00. Following the completion of the acquisition, the director now directly owns 10,640 shares of the company’s stock, valued at approximately $1,207,640. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Linda S. Harty purchased 5,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were purchased at an average cost of $48.05 per share, with a total value of $240,250.00. Following the completion of the acquisition, the director now directly owns 5,000 shares of the company’s stock, valued at $240,250. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 7,152 shares of company stock worth $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.