Q3 2024 EPS Estimates for Chart Industries, Inc. Decreased by Seaport Res Ptn (NYSE:GTLS)

Chart Industries, Inc. (NYSE:GTLS) – Stock analysts at Seaport Res Ptn lowered their Q3 2024 earnings per share (EPS) estimates for Chart Industries in a research note issued to investors on Wednesday, August 7th. Seaport Res Ptn analyst W. Liptak now anticipates that the industrial products company will post earnings per share of $2.61 for the quarter, down from their previous estimate of $3.36. The consensus estimate for Chart Industries’ current full-year earnings is $11.56 per share. Seaport Res Ptn also issued estimates for Chart Industries’ Q4 2024 earnings at $4.47 EPS, Q2 2025 earnings at $2.25 EPS, Q3 2025 earnings at $3.48 EPS, Q4 2025 earnings at $6.03 EPS and FY2025 earnings at $13.59 EPS.

Several other research analysts have also recently commented on GTLS. Wells Fargo & Company lowered their price target on shares of Chart Industries from $179.00 to $151.00 and set an “overweight” rating for the company in a report on Tuesday, August 6th. Stifel Nicolaus lowered their target price on shares of Chart Industries from $220.00 to $199.00 and set a “buy” rating for the company in a research note on Monday, August 5th. The Goldman Sachs Group raised their price target on Chart Industries from $150.00 to $168.00 and gave the company a “neutral” rating in a research note on Tuesday, May 28th. Morgan Stanley assumed coverage on Chart Industries in a research report on Thursday, April 18th. They set an “equal weight” rating and a $200.00 price objective for the company. Finally, Bank of America increased their price objective on Chart Industries from $180.00 to $185.00 and gave the company a “buy” rating in a report on Monday, July 15th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $189.31.

Chart Industries Stock Down 6.2 %

GTLS stock opened at $111.82 on Friday. The company’s 50 day moving average price is $146.10 and its 200 day moving average price is $145.12. The firm has a market capitalization of $4.79 billion, a price-to-earnings ratio of 111.82, a PEG ratio of 0.44 and a beta of 1.74. Chart Industries has a fifty-two week low of $109.48 and a fifty-two week high of $184.65. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.95 and a current ratio of 1.25.

Chart Industries (NYSE:GTLS) last issued its quarterly earnings results on Friday, August 2nd. The industrial products company reported $2.18 earnings per share 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 analysts’ expectations of $1.11 billion. Chart Industries had a return on equity of 9.49% and a net margin of 1.59%. Chart Industries’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.19 EPS.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in GTLS. Norges Bank purchased a new position in shares of Chart Industries during the fourth quarter worth approximately $57,415,000. Dimensional Fund Advisors LP grew its position in Chart Industries by 504.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 463,466 shares of the industrial products company’s stock worth $66,896,000 after purchasing an additional 386,821 shares during the last quarter. DAVENPORT & Co LLC acquired a new position in Chart Industries in the first quarter valued at $42,507,000. Gates Capital Management Inc. raised its holdings in shares of Chart Industries by 50.5% in the fourth quarter. Gates Capital Management Inc. now owns 677,206 shares of the industrial products company’s stock valued at $92,323,000 after buying an additional 227,280 shares during the last quarter. Finally, Intrinsic Edge Capital Management LLC acquired a new stake in shares of Chart Industries during the fourth quarter worth about $27,672,000.

Chart Industries Company Profile

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.