Q2 2024 EPS Estimates for Chart Industries, Inc. (NYSE:GTLS) Lowered by Capital One Financial

Chart Industries, Inc. (NYSE:GTLS) – Equities research analysts at Capital One Financial dropped their Q2 2024 earnings per share estimates for Chart Industries in a research note issued on Monday, May 6th. Capital One Financial analyst D. Becker now forecasts that the industrial products company will post earnings of $2.56 per share for the quarter, down from their prior forecast of $2.66. The consensus estimate for Chart Industries’ current full-year earnings is $11.98 per share. Capital One Financial also issued estimates for Chart Industries’ Q3 2024 earnings at $2.92 EPS, Q1 2025 earnings at $2.98 EPS, Q2 2025 earnings at $3.64 EPS, Q3 2025 earnings at $3.82 EPS, Q4 2025 earnings at $4.63 EPS and FY2025 earnings at $15.06 EPS.

Chart Industries (NYSE:GTLS) last announced its earnings results on Friday, May 3rd. The industrial products company reported $1.49 EPS for the quarter, missing the consensus estimate of $1.88 by ($0.39). Chart Industries had a net margin of 1.59% and a return on equity of 9.49%. The company had revenue of $950.70 million for the quarter, compared to analysts’ expectations of $970.91 million. During the same quarter in the previous year, the business posted $1.41 earnings per share. The business’s quarterly revenue was up 76.7% compared to the same quarter last year.

GTLS has been the subject of a number of other reports. Wells Fargo & Company upped their price objective on shares of Chart Industries from $155.00 to $172.00 and gave the company an “overweight” rating in a research report on Friday, March 1st. TD Cowen raised their price objective on Chart Industries from $260.00 to $265.00 and gave the company a “buy” rating in a research note on Monday. Piper Sandler upped their target price on Chart Industries from $151.00 to $160.00 and gave the company a “neutral” rating in a research report on Monday. Barclays started coverage on Chart Industries in a research note on Wednesday. They set an “equal weight” rating and a $193.00 target price for the company. Finally, Stifel Nicolaus cut their price target on shares of Chart Industries from $224.00 to $220.00 and set a “buy” rating on the stock in a report on Monday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Chart Industries presently has an average rating of “Moderate Buy” and a consensus price target of $196.21.

Chart Industries Price Performance

Shares of GTLS stock opened at $156.88 on Tuesday. The firm has a fifty day simple moving average of $151.80 and a 200-day simple moving average of $136.07. The company has a market capitalization of $6.71 billion, a PE ratio of 156.88, a price-to-earnings-growth ratio of 0.43 and a beta of 1.73. Chart Industries has a twelve month low of $106.66 and a twelve month high of $184.65. The company has a current ratio of 1.25, a quick ratio of 0.95 and a debt-to-equity ratio of 1.29.

Hedge Funds Weigh In On Chart Industries

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC purchased a new stake in Chart Industries during the first quarter valued at about $30,000. Spire Wealth Management boosted its stake in Chart Industries by 141.0% in the 1st quarter. Spire Wealth Management now owns 200 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 117 shares during the period. Cape Investment Advisory Inc. purchased a new position in Chart Industries during the 4th quarter worth approximately $33,000. Rise Advisors LLC grew its position in Chart Industries by 905.0% during the 1st quarter. Rise Advisors LLC now owns 201 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 181 shares in the last quarter. Finally, Mendota Financial Group LLC purchased a new stake in shares of Chart Industries in the fourth quarter valued at $77,000.

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.