Carrier Global (NYSE:CARR) Posts Earnings Results, Beats Estimates By $0.03 EPS

Carrier Global (NYSE:CARR) announced its quarterly earnings data on Tuesday. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. During the same period in the previous year, the firm earned $0.53 earnings per share. Carrier Global updated its FY 2025 guidance to 2.950-3.050 EPS.

Carrier Global Stock Performance

NYSE CARR opened at $65.31 on Wednesday. The company has a fifty day moving average of $68.78 and a two-hundred day moving average of $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 has a 1 year low of $53.13 and a 1 year high of $83.32. The company has a market capitalization of $58.60 billion, a PE ratio of 16.53, a P/E/G ratio of 2.11 and a beta of 1.35.

Carrier Global Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, December 20th were issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 1.38%. This is an increase from Carrier Global’s previous quarterly dividend of $0.19. The ex-dividend date was Friday, December 20th. Carrier Global’s payout ratio is 22.78%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CARR shares. Barclays lowered their price target on Carrier Global from $90.00 to $87.00 and set an “overweight” rating on the stock in a report on Wednesday. JPMorgan Chase & Co. lowered their price target on Carrier Global from $83.00 to $77.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Royal Bank of Canada cut their target price 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. 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 note on Thursday, October 17th. Finally, Wells Fargo & Company decreased their target price on Carrier Global from $80.00 to $75.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Eight research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Carrier Global has a consensus rating of “Moderate Buy” and an average price target of $83.71.

Carrier Global declared that its board has approved a share buyback plan on Thursday, October 24th that authorizes the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization authorizes the company to purchase up to 4.6% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its stock is undervalued.

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.