Chart Industries (NYSE:GTLS) Releases Fiscal 2022 Earnings Forecast

Industries Chart (NYSE: GTLSGet a rating) updated its full-year 2022 earnings guidance on Sunday. The company provided EPS guidance of $5.00 to $5.25 for the period, compared to the consensus EPS estimate of 5,000. $13. The company released a revenue forecast of $1.65 billion to $1.70 billion, compared to a consensus revenue estimate of $1.74 billion. Chart Industries also updated its guidance for fiscal year 2023 to $7.50 – $8.50 EPS.

Chart Industries Stock Performance

Shares of GTLS Action opened at $230.56 on Friday. The company’s 50-day moving average is $200.03 and its two-hundred-day moving average is $186.38. The company has a current ratio of 1.23, a quick ratio of 0.76 and a debt ratio of 0.36. The company has a market capitalization of $8.45 billion, a P/E ratio of 125.99 and a beta of 1.48. Chart Industries has a 12-month low of $108.29 and a 12-month high of $240.97.

Analyst upgrades and downgrades

Several equity research analysts have recently weighed in on GTLS shares. Wells Fargo & Company raised its target price on Chart Industries shares from $209.00 to $248.00 in a research note on Thursday. Jefferies Financial Group began covering Chart Industries stocks in a Wednesday, October 19 report. They issued a buy rating and price target of $250.00 on the stock. Piper Sandler lowered its price target on Chart Industries from $229.00 to $228.00 and set an overweight rating on the stock in a Monday, October 31 report. Goldman Sachs Group upgraded Chart Industries shares from a Neutral rating to a Buy rating and raised its target price for the stock from $200.00 to $259.00 in a Thursday 15 research report. september. Finally, Cowen raised his price target on Chart Industries to $225.00 in a Tuesday, August 9 report. One financial analyst has assigned the stock a sell rating, one has assigned a hold rating and eleven have assigned the stock a buy rating. Based on data from MarketBeat, the company has a Moderate Buy average rating and an average price target of $227.92.

Hedge funds weigh on graphic industries

Several hedge funds have recently changed their holdings to GTLS. Guggenheim Capital LLC increased its position in Chart Industries shares by 148.0% during the first quarter. Guggenheim Capital LLC now owns 3,232 shares of the industrial products company valued at $556,000 after acquiring 1,929 additional shares during the period. Walleye Capital LLC bought a new position in Chart Industries in Q1 worth approximately $532,000. Captrust Financial Advisors increased its position in Chart Industries shares by 62.1% during the first quarter. Captrust Financial Advisors now owns 3,079 shares of the industrial products company valued at $529,000 after buying an additional 1,180 shares last quarter. Brinker Capital Investments LLC increased its stake in Chart Industries shares by 25.5% in Q1. Brinker Capital Investments LLC now owns 2,866 shares of the industrial products company worth $492,000 after acquiring 583 additional shares in the last quarter. Finally, Blair William & Co. IL increased its position in Chart Industries by 11.4% in the first quarter. Blair William & Co. IL now owns 2,484 shares of the industrial products company worth $427,000 after acquiring 255 more shares last quarter.

Graphic Company Profile

(Get a rating)

Chart Industries, Inc. manufactures and sells engineered equipment for the power and industrial gas industries worldwide. The Company operates through four segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products and Repair, Service & Leasing. It provides bulk and packaged cryogenic gas solutions for the storage, distribution, vaporization and application of industrial gases; cryogenic trailers, ISO containers, bulk storage tanks, loading facilities and regasification equipment for the delivery of liquefied natural gas (LNG) in virtual pipeline applications; and large vacuum-insulated storage tanks as equipment for standard liquefaction plant buyers.

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Graphical Industries Earnings History and Estimates (NYSE:GTLS)

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