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.

Read more

Graphical Industries Earnings History and Estimates (NYSE:GTLS)

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to

Before you consider Chart Industries, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five actions that top analysts are quietly whispering to their clients to buy now before the market spreads…and Chart Industries was not on the list.

While Chart Industries currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the five actions here

Comments are closed.