Carrier Global (NYSE:CARR - Get Free Report) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 3.000-3.100 for the period, compared to the consensus earnings per share estimate of 3.038. The company issued revenue guidance of $23.0 billion-$23.0 billion, compared to the consensus revenue estimate of $23.0 billion.
Carrier Global Price Performance
CARR traded down $3.53 during trading on Wednesday, hitting $68.14. The company's stock had a trading volume of 10,078,949 shares, compared to its average volume of 4,184,069. The company has a current ratio of 1.17, a quick ratio of 0.83 and a debt-to-equity ratio of 0.76. Carrier Global has a twelve month low of $54.22 and a twelve month high of $83.32. The business's fifty day simple moving average is $73.49 and its 200 day simple moving average is $68.33. The firm has a market capitalization of $58.42 billion, a price-to-earnings ratio of 14.85, a P/E/G ratio of 1.95 and a beta of 1.31.
Carrier Global (NYSE:CARR - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.90 by $0.02. Carrier Global had a return on equity of 17.83% and a net margin of 18.33%. The company had revenue of $6.11 billion for the quarter, compared to analyst estimates of $6.08 billion. On average, equities research analysts forecast that Carrier Global will post 2.99 EPS for the current fiscal year.
Carrier Global Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Monday, July 21st will be given a $0.225 dividend. The ex-dividend date of this dividend is Monday, July 21st. This represents a $0.90 annualized dividend and a dividend yield of 1.32%. Carrier Global's dividend payout ratio (DPR) is presently 13.93%.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on CARR shares. Royal Bank Of Canada lowered their price objective on Carrier Global from $89.00 to $87.00 and set an "outperform" rating on the stock in a research note on Wednesday. Mizuho set a $72.00 price objective on Carrier Global in a research note on Tuesday, April 22nd. Barclays lowered their price objective on Carrier Global from $84.00 to $82.00 and set an "overweight" rating on the stock in a research note on Wednesday. Northcoast Research upgraded Carrier Global from a "neutral" rating to a "buy" rating and set a $85.00 target price on the stock in a research report on Friday, May 9th. Finally, JPMorgan Chase & Co. restated a "neutral" rating and issued a $79.00 target price on shares of Carrier Global in a research report on Tuesday, July 15th. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $84.47.
View Our Latest Report on CARR
Insider Activity
In related news, Director Maximilian Viessmann sold 4,267,425 shares of the business's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $70.30, for a total value of $299,999,977.50. Following the sale, the director owned 54,341,534 shares in the company, valued at approximately $3,820,209,840.20. The trade was a 7.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 7.20% of the company's stock.
Institutional Investors Weigh In On Carrier Global
An institutional investor recently raised its position in Carrier Global stock. Brighton Jones LLC increased its stake in shares of Carrier Global Corporation (NYSE:CARR - Free Report) by 30.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,958 shares of the company's stock after purchasing 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 quarter. Institutional investors and hedge funds own 91.00% of the company's stock.
Carrier Global Company Profile
(
Get Free Report)
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.
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