Chart Industries (NYSE:GTLS) Issues FY24 Earnings Guidance

Chart Industries (NYSE:GTLS) updated its FY24 earnings guidance on Friday. The company provided EPS guidance of $10.75-11.75 for the period, compared to the consensus EPS estimate of $10.93. The company issued revenue guidance of $4.45-4.60, compared to the consensus revenue estimate of $4.67 billion. Chart Industries also updated its FY 2024 guidance to 10.750-11.750 EPS.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. The Goldman Sachs Group upped their target price on shares of Chart Industries from $150.00 to $168.00 and gave the stock a neutral rating in a research report on Tuesday, May 28th. Barclays assumed coverage on shares of Chart Industries in a research report on Wednesday, May 8th. They set an equal weight rating and a $193.00 price objective for the company. Morgan Stanley assumed coverage on shares of 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. Piper Sandler increased their price objective on shares of Chart Industries from $151.00 to $160.00 and gave the company a neutral rating in a research report on Monday, May 6th. Finally, Bank of America increased their price objective on shares of Chart Industries from $180.00 to $185.00 and gave the company a buy rating in a research report on Monday, July 15th. One analyst has rated the stock with a sell rating, four have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average price target of $195.83.

Chart Industries Trading Down 18.1 %

GTLS stock traded down $27.84 during trading on Friday, hitting $126.01. The company had a trading volume of 2,100,275 shares, compared to its average volume of 489,984. The firm has a market capitalization of $5.39 billion, a P/E ratio of 126.01, a PEG ratio of 0.44 and a beta of 1.74. Chart Industries has a 52-week low of $109.48 and a 52-week high of $184.65. The company has a 50 day simple moving average of $149.82 and a 200-day simple moving average of $145.39. The company has a quick ratio of 0.95, a current ratio of 1.25 and a debt-to-equity ratio of 1.29.

Chart Industries (NYSE:GTLS) last posted its quarterly 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 during 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%. The company’s quarterly revenue was up 14.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.19 EPS. As a group, research analysts forecast that Chart Industries will post 11.56 earnings per share for the current fiscal year.

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.