Carrier Global (NYSE:CARR) Issues FY 2025 Earnings Guidance

Carrier Global (NYSE:CARR) updated its FY 2025 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 2.950-3.050 for the period, compared to the consensus estimate of 2.990. The company issued revenue guidance of $22.5 billion-$23.0 billion, compared to the consensus revenue estimate of $23.0 billion.

Wall Street Analysts Forecast Growth

Several research firms have commented on CARR. Royal Bank of Canada lowered their price target on shares of Carrier Global from $87.00 to $86.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Wells Fargo & Company lowered their price target on shares of Carrier Global from $80.00 to $75.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Barclays lowered their target price on shares of Carrier Global from $90.00 to $87.00 and set an “overweight” rating for the company in a report on Wednesday. Citigroup cut their price objective on shares of Carrier Global from $94.00 to $90.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Carrier Global from $83.00 to $77.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Eight analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $83.71.

Carrier Global Price Performance

Shares of NYSE CARR opened at $65.31 on Wednesday. The stock has a market cap of $58.60 billion, a price-to-earnings ratio of 16.53, a PEG ratio of 2.11 and a beta of 1.35. Carrier Global has a 52 week low of $53.13 and a 52 week high of $83.32. The company’s 50-day moving average price is $68.78 and its 200 day moving average price is $72.40. The company has a current ratio of 1.08, a quick ratio of 0.82 and a debt-to-equity ratio of 0.69.

Carrier Global (NYSE:CARR) last released its quarterly earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.03. Carrier Global had a net margin of 14.98% and a return on equity of 20.52%. During the same quarter in the previous year, the company posted $0.53 EPS. As a group, research analysts forecast that Carrier Global will post 2.52 earnings per share for the current fiscal year.

Carrier Global Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, December 20th were issued a dividend of $0.225 per share. This is a positive change from Carrier Global’s previous quarterly dividend of $0.19. This represents a $0.90 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend was Friday, December 20th. Carrier Global’s dividend payout ratio is presently 22.78%.

Carrier Global announced that its board has initiated a share repurchase plan on Thursday, October 24th that permits the company to buyback $3.00 billion in outstanding shares. This buyback authorization permits the company to reacquire up to 4.6% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

Carrier Global Company Profile

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.