Carrier Global (CARR) Projected to Post Earnings on Thursday

Carrier Global (NYSE:CARR) is expected to be posting its quarterly earnings results before the market opens on Thursday, April 24th. Analysts expect Carrier Global to post earnings of $0.57 per share and revenue of $5.17 billion for the quarter. Carrier Global has set its FY 2025 guidance at 2.950-3.050 EPS.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.03. Carrier Global had a net margin of 23.83% and a return on equity of 18.82%. During the same quarter last year, the company earned $0.53 earnings per share. On average, analysts expect Carrier Global to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Carrier Global Price Performance

Shares of CARR stock opened at $59.29 on Thursday. The company has a market capitalization of $51.23 billion, a P/E ratio of 9.44, a P/E/G ratio of 2.01 and a beta of 1.33. The company has a current ratio of 1.25, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77. Carrier Global has a 12 month low of $53.33 and a 12 month high of $83.32. The stock has a 50 day moving average of $64.00 and a two-hundred day moving average of $69.97.

Carrier Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Friday, May 2nd will be paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend is Friday, May 2nd. Carrier Global’s dividend payout ratio is 14.33%.

Analyst Ratings Changes

Several equities analysts recently issued reports on CARR shares. Citigroup cut their price target on shares of Carrier Global from $89.00 to $72.00 and set a “buy” rating for the company in a report on Monday. Barclays dropped their price target on Carrier Global from $87.00 to $83.00 and set an “overweight” rating for the company in a report on Wednesday, March 26th. Wolfe Research upgraded Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a report on Monday, February 24th. JPMorgan Chase & Co. reduced their price target on shares of Carrier Global from $78.00 to $64.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Finally, Royal Bank of Canada dropped their target price on shares of Carrier Global from $86.00 to $76.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $80.13.

Institutional Trading of Carrier Global

A hedge fund recently raised its stake in Carrier Global stock. Brighton Jones LLC grew its position in shares of Carrier Global Co. (NYSE:CARR) by 30.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,958 shares of the company’s stock after acquiring an additional 1,850 shares during the quarter. Brighton Jones LLC’s holdings in Carrier Global were worth $543,000 at the end of the most recent reporting period. Institutional investors own 91.00% of the company’s stock.

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.