Carrier Global (NYSE:CARR) Issues Earnings Results

Carrier Global (NYSE:CARR) announced its quarterly earnings data on Tuesday. The company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.03, Zacks reports. Carrier Global had a net margin of 14.98% and a return on equity of 20.52%. Carrier Global updated its FY 2025 guidance to 2.950-3.050 EPS.

Carrier Global Stock Up 3.4 %

Shares of Carrier Global stock opened at $66.35 on Tuesday. Carrier Global has a 1-year low of $53.13 and a 1-year high of $83.32. The company has a market capitalization of $59.53 billion, a P/E ratio of 16.80, a PEG ratio of 2.11 and a beta of 1.35. The business’s fifty day moving average price is $69.19 and its two-hundred day moving average price is $72.40. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.08 and a quick ratio of 0.82.

Carrier Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, December 20th were given a dividend of $0.225 per share. The ex-dividend date was Friday, December 20th. This is an increase from Carrier Global’s previous quarterly dividend of $0.19. This represents a $0.90 annualized dividend and a dividend yield of 1.36%. Carrier Global’s payout ratio is currently 22.78%.

Carrier Global announced that its Board of Directors has authorized a stock repurchase plan on Thursday, October 24th that allows the company to buyback $3.00 billion in outstanding shares. This buyback authorization allows the company to buy up to 4.6% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Barclays lowered their price objective on Carrier Global from $92.00 to $90.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Citigroup lowered their price target on Carrier Global from $94.00 to $90.00 and set a “buy” rating for the company in a report on Monday, January 13th. Royal Bank of Canada reduced their price objective on Carrier Global from $87.00 to $86.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. JPMorgan Chase & Co. lowered their target price on shares of Carrier Global from $83.00 to $77.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Finally, Mizuho raised their price target on shares of Carrier Global from $65.00 to $78.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Eight equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Carrier Global currently has an average rating of “Moderate Buy” and a consensus price target of $83.93.

About Carrier Global

Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies in the United States, Europe, the Asia Pacific, and internationally. It operates through three segments: HVAC, Refrigeration, and Fire & Security.