Chart Industries (NYSE:GTLS) Issues Earnings Results, Misses Estimates By $0.54 EPS

Chart Industries (NYSE:GTLS) issued its quarterly earnings results on Friday. The industrial products company reported $2.66 EPS for the quarter, missing the consensus estimate of $3.20 by ($0.54), RTT News reports. Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period last year, the firm earned $2.25 earnings per share. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. Chart Industries updated its FY25 guidance to $12.00-13.00 EPS and its FY 2025 guidance to 12.000-13.000 EPS.

Chart Industries Stock Performance

Shares of Chart Industries stock traded up $8.48 during trading on Friday, reaching $190.73. The company’s stock had a trading volume of 780,165 shares, compared to its average volume of 625,185. Chart Industries has a 52 week low of $101.60 and a 52 week high of $220.03. The firm has a market cap of $8.17 billion, a PE ratio of 55.18, a P/E/G ratio of 0.57 and a beta of 1.84. The business’s 50-day moving average price is $199.56 and its 200-day moving average price is $162.36. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 1.16.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on GTLS. Raymond James reiterated a “strong-buy” rating and set a $190.00 target price on shares of Chart Industries in a report on Monday, December 2nd. Stifel Nicolaus increased their price objective on Chart Industries from $200.00 to $231.00 and gave the company a “buy” rating in a report on Tuesday, December 31st. The Goldman Sachs Group boosted their target price on shares of Chart Industries from $138.00 to $201.00 and gave the stock a “neutral” rating in a report on Friday, December 20th. 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, November 4th. Finally, Barclays lowered their price objective on shares of Chart Industries from $146.00 to $145.00 and set an “equal weight” rating on the stock in a research note on Monday, November 4th. Three analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $191.54.

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.