Chart Industries (NYSE:GTLS) Issues FY25 Earnings Guidance

Chart Industries (NYSE:GTLS) updated its FY25 earnings guidance on Friday. The company provided EPS guidance of $12.00-13.00 for the period, compared to the consensus estimate of $12.60. The company issued revenue guidance of $4.65-4.85 billion, compared to the consensus revenue estimate of $4.85 billion. Chart Industries also updated its FY 2024 guidance to 9.000-9.000 EPS.

Chart Industries Trading Up 5.7 %

GTLS traded up $7.38 during trading on Monday, reaching $137.38. 1,678,153 shares of the stock traded hands, compared to its average volume of 628,963. The stock has a market capitalization of $5.88 billion, a PE ratio of 39.68, a P/E/G ratio of 0.56 and a beta of 1.71. Chart Industries has a 12 month low of $101.60 and a 12 month high of $171.68. The stock’s 50-day moving average is $121.62 and its 200 day moving average is $136.98. The company has a quick ratio of 0.98, a current ratio of 1.27 and a debt-to-equity ratio of 1.28.

Chart Industries (NYSE:GTLS) last posted its earnings results on Friday, November 1st. The industrial products company reported $2.18 EPS for the quarter, missing the consensus estimate of $2.56 by ($0.38). Chart Industries had a return on equity of 12.27% and a net margin of 2.80%. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the previous year, the firm earned $1.28 earnings per share. The company’s revenue was up 18.3% on a year-over-year basis. Equities analysts anticipate that Chart Industries will post 9.94 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on GTLS. Bank of America lowered their target price 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. Stifel Nicolaus boosted their price target on shares of Chart Industries from $198.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday. Evercore ISI raised Chart Industries to a “strong-buy” rating in a report on Monday, August 5th. Wells Fargo & Company cut their price target on shares of Chart Industries from $151.00 to $146.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. Finally, The Goldman Sachs Group cut their target price on shares of Chart Industries from $168.00 to $144.00 and set a “neutral” rating on the stock in a report on Thursday, August 29th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $178.82.

Insiders Place Their Bets

In other Chart Industries news, CEO Jillian C. Evanko purchased 440 shares of Chart Industries stock in a transaction dated Thursday, September 5th. The shares were acquired at an average cost of $114.31 per share, with a total value of $50,296.40. Following the completion of the transaction, the chief executive officer now owns 125,448 shares in the company, valued at approximately $14,339,960.88. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO Jillian C. Evanko purchased 440 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were bought at an average cost of $114.31 per share, with a total value of $50,296.40. Following the transaction, the chief executive officer now owns 125,448 shares of the company’s stock, valued at approximately $14,339,960.88. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Paul E. Mahoney purchased 500 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were purchased at an average cost of $106.55 per share, for a total transaction of $53,275.00. Following the completion of the acquisition, the director now directly owns 2,107 shares of the company’s stock, valued at $224,500.85. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 7,152 shares of company stock worth $482,278. 0.95% of the stock is currently owned by company insiders.

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.