Q4 EPS Forecast for Chart Industries Reduced by Analyst

Chart Industries, Inc. (NYSE:GTLS) – Investment analysts at Capital One Financial reduced their Q4 2024 EPS estimates for shares of Chart Industries in a research report issued to clients and investors on Monday, January 13th. Capital One Financial analyst D. Becker now anticipates that the industrial products company will post earnings of $3.17 per share for the quarter, down from their prior forecast of $3.50. The consensus estimate for Chart Industries’ current full-year earnings is $9.03 per share. Capital One Financial also issued estimates for Chart Industries’ Q4 2026 earnings at $4.37 EPS.

Chart Industries (NYSE:GTLS) last released its earnings results on Friday, November 1st. The industrial products company reported $2.18 earnings per share for the quarter, missing the consensus estimate of $2.56 by ($0.38). Chart Industries had a return on equity of 13.25% and a net margin of 4.30%. The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the prior year, the firm posted $1.28 EPS. The firm’s revenue for the quarter was up 18.3% on a year-over-year basis.

Several other equities research analysts have also commented on the stock. 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 report on Thursday, October 3rd. Raymond James reaffirmed a “strong-buy” rating and set a $190.00 target price on shares of Chart Industries in a report on Monday, December 2nd. Craig Hallum upped their target price on shares of Chart Industries from $199.00 to $207.00 and gave the stock a “buy” rating in a report on Monday, November 4th. The Goldman Sachs Group upped 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. Finally, Bank of America dropped their price objective on shares of Chart Industries from $185.00 to $165.00 and set a “buy” rating for the company in a report on Monday, October 14th. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $188.75.

Chart Industries Stock Performance

GTLS opened at $204.68 on Tuesday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.00. The firm has a fifty day moving average price of $186.71 and a 200 day moving average price of $149.82. Chart Industries has a 1 year low of $101.60 and a 1 year high of $210.66. The stock has a market cap of $8.76 billion, a P/E ratio of 59.33, a P/E/G ratio of 1.01 and a beta of 1.84.

Institutional Trading of Chart Industries

Several hedge funds have recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC grew its position in shares of Chart Industries by 13.4% during the second quarter. Commonwealth Equity Services LLC now owns 6,283 shares of the industrial products company’s stock worth $907,000 after acquiring an additional 743 shares during the last quarter. Oppenheimer Asset Management Inc. grew its position in shares of Chart Industries by 13.6% during the second quarter. Oppenheimer Asset Management Inc. now owns 6,573 shares of the industrial products company’s stock worth $949,000 after acquiring an additional 786 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of Chart Industries by 6.0% during the second quarter. Envestnet Asset Management Inc. now owns 45,495 shares of the industrial products company’s stock worth $6,567,000 after acquiring an additional 2,593 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Chart Industries by 504.7% during the second quarter. Dimensional Fund Advisors LP now owns 463,466 shares of the industrial products company’s stock worth $66,896,000 after acquiring an additional 386,821 shares during the last quarter. Finally, Citizens Financial Group Inc. RI purchased a new position in shares of Chart Industries during the second quarter worth approximately $221,000.

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.