Chart Industries (GTLS) Set to Announce Quarterly Earnings on Friday

Chart Industries (NYSE:GTLS) will be announcing its earnings results before the market opens on Friday, November 1st. Analysts expect the company to announce earnings of $2.77 per share for the quarter. Chart Industries has set its FY24 guidance at $10.75-11.75 EPS and its FY 2024 guidance at 10.750-11.750 EPS.Investors interested in listening to the company’s conference call can do so using this link.

Chart Industries (NYSE:GTLS) last released its earnings results on Friday, August 2nd. The industrial products company reported $2.18 EPS for the quarter, missing the consensus estimate of $2.57 by ($0.39). The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.11 billion. Chart Industries had a net margin of 2.80% and a return on equity of 12.27%. Chart Industries’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.19 earnings per share. On average, analysts expect Chart Industries to post $10 EPS for the current fiscal year and $13 EPS for the next fiscal year.

Chart Industries Stock Performance

NYSE GTLS opened at $122.95 on Thursday. The company’s fifty day moving average is $121.42 and its two-hundred day moving average is $137.31. Chart Industries has a 52-week low of $101.60 and a 52-week high of $171.68. 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 has a market capitalization of $5.26 billion, a price-to-earnings ratio of 122.95, a P/E/G ratio of 0.57 and a beta of 1.70.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on GTLS. Barclays decreased their target price on Chart Industries from $147.00 to $146.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 16th. Craig Hallum lowered their price objective on Chart Industries from $229.00 to $199.00 and set a “buy” rating on the stock in a research report on Monday, August 5th. Wells Fargo & Company cut their target price on Chart Industries from $151.00 to $146.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. The Goldman Sachs Group decreased their price target on shares of Chart Industries from $168.00 to $144.00 and set a “neutral” rating on the stock in a research note on Thursday, August 29th. Finally, Bank of America lowered their price target on shares of Chart Industries from $185.00 to $165.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $178.00.

Insider Activity

In other news, CEO Jillian C. Evanko purchased 440 shares of Chart Industries stock in a transaction on Thursday, September 5th. The shares were purchased at an average cost of $114.31 per share, for a total transaction of $50,296.40. Following the completion of the transaction, the chief executive officer now directly owns 125,448 shares in the company, valued at approximately $14,339,960.88. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Chart Industries news, Director Paul E. Mahoney bought 500 shares of the stock in a transaction dated Wednesday, September 11th. The stock was bought at an average cost of $106.55 per share, for a total transaction of $53,275.00. Following the completion of the purchase, the director now owns 2,107 shares in the company, valued at $224,500.85. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jillian C. Evanko purchased 440 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was acquired at an average cost of $114.31 per share, with a total value of $50,296.40. Following the completion of the acquisition, the chief executive officer now directly owns 125,448 shares of the company’s stock, valued at $14,339,960.88. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have 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.