Carrier Global (NYSE:CARR – Get Free Report) announced its earnings results on Thursday. The company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.02, Briefing.com reports. The company had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.05 billion. Carrier Global had a return on equity of 26.01% and a net margin of 5.41%. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period last year, the company posted $0.79 earnings per share. Carrier Global updated its FY 2024 guidance to 2.800-2.900 EPS and its FY24 guidance to $2.80-$2.90 EPS.
Carrier Global Trading Up 3.0 %
Shares of CARR stock traded up $1.94 on Friday, reaching $66.77. The company had a trading volume of 4,351,523 shares, compared to its average volume of 4,472,202. The company has a 50-day moving average of $64.53 and a 200-day moving average of $59.89. Carrier Global has a 12 month low of $45.68 and a 12 month high of $70.09. The stock has a market cap of $60.16 billion, a PE ratio of 46.69, a PEG ratio of 2.57 and a beta of 1.32. The company has a current ratio of 1.36, a quick ratio of 0.99 and a debt-to-equity ratio of 1.31.
Carrier Global Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, August 8th. Stockholders of record on Friday, June 21st will be given a dividend of $0.19 per share. The ex-dividend date is Friday, June 21st. This represents a $0.76 annualized dividend and a dividend yield of 1.14%. Carrier Global’s payout ratio is currently 53.15%.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Analysis on Carrier Global
Insider Buying and Selling
In other news, VP Nadia Villeneuve sold 98,428 shares of the business’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $65.40, for a total value of $6,437,191.20. Following the completion of the transaction, the vice president now owns 85,028 shares of the company’s stock, valued at approximately $5,560,831.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Carrier Global news, VP Nadia Villeneuve sold 98,428 shares of the stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $65.40, for a total value of $6,437,191.20. Following the completion of the sale, the vice president now directly owns 85,028 shares in the company, valued at $5,560,831.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Kyle Crockett sold 4,611 shares of Carrier Global stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $66.39, for a total value of $306,124.29. Following the transaction, the chief accounting officer now owns 2,042 shares in the company, valued at approximately $135,568.38. The disclosure for this sale can be found here. Insiders have sold 262,954 shares of company stock valued at $16,650,050 in the last 90 days. 6.95% of the stock is owned by insiders.
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.
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