Carrier Global (NYSE:CARR) Releases Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Key Points

• Carrier Global reported **$0.92 earnings per share**, exceeding the consensus estimate of **$0.90** by **$0.02** and updated its FY 2025 guidance to **3.000-3.100 EPS**.
• The company announced a quarterly **dividend of $0.225 per share**, resulting in an annualized yield of **1.12%** and a payout ratio of **13.93%**.
• Several analysts have set new price targets, with **Citigroup** raising its target for Carrier Global shares to **$89.00**, while the average consensus price target is now **$84.65**.

Carrier Global (NYSE:CARR - Get Free Report) released its quarterly earnings results on Tuesday. The company reported $0.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.90 by $0.02, Zacks reports. Carrier Global had a return on equity of 17.83% and a net margin of 18.33%. The firm had revenue of $6.11 billion for the quarter, compared to the consensus estimate of $6.08 billion. Carrier Global updated its FY 2025 guidance to 3.000-3.100 EPS.

Carrier Global Stock Down 2.5%

NYSE CARR traded down $1.72 during trading hours on Friday, hitting $66.90. The company had a trading volume of 5,450,797 shares, compared to its average volume of 5,373,770. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.17 and a quick ratio of 0.83. The firm's 50 day moving average is $73.43 and its 200 day moving average is $68.34. The company has a market capitalization of $57.35 billion, a price-to-earnings ratio of 14.58, a P/E/G ratio of 1.86 and a beta of 1.31. Carrier Global has a fifty-two week low of $54.22 and a fifty-two week high of $83.32.

Carrier Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Monday, July 21st will be issued a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 1.3%. The ex-dividend date is Monday, July 21st. Carrier Global's dividend payout ratio is currently 19.61%.

Insiders Place Their Bets

In related news, Director Maximilian Viessmann sold 4,267,425 shares of the stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $70.30, for a total transaction of $299,999,977.50. Following the sale, the director owned 54,341,534 shares in the company, valued at $3,820,209,840.20. This represents a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 7.20% of the stock is currently owned by insiders.

Institutional Trading of Carrier Global

A hedge fund recently raised its stake in Carrier Global stock. AQR Capital Management LLC lifted its stake in shares of Carrier Global Corporation (NYSE:CARR - Free Report) by 51.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 68,225 shares of the company's stock after acquiring an additional 23,200 shares during the quarter. AQR Capital Management LLC's holdings in Carrier Global were worth $4,236,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 91.00% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Northcoast Research raised Carrier Global from a "neutral" rating to a "buy" rating and set a $85.00 target price on the stock in a report on Friday, May 9th. Melius assumed coverage on Carrier Global in a report on Tuesday, July 1st. They set a "hold" rating and a $90.00 price target on the stock. The Goldman Sachs Group reissued a "buy" rating on shares of Carrier Global in a report on Wednesday, May 21st. Mizuho set a $72.00 price target on Carrier Global in a report on Tuesday, April 22nd. Finally, Barclays reduced their target price on Carrier Global from $84.00 to $82.00 and set an "overweight" rating on the stock in a report on Wednesday. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $84.47.

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.