Carrier Global (NYSE:CARR) Updates FY 2025 Earnings Guidance

Carrier Global (NYSE:CARR) updated its FY 2025 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 2.950-3.050 for the period, compared to the consensus estimate of 2.990. The company issued revenue guidance of $22.5 billion-$23.0 billion, compared to the consensus revenue estimate of $23.0 billion.

Analyst Ratings Changes

Several brokerages have recently issued reports on CARR. The Goldman Sachs Group initiated coverage on shares of Carrier Global in a research note on Thursday, December 12th. They set a “buy” rating and a $96.00 price target for the company. Barclays lowered their price objective on Carrier Global from $90.00 to $87.00 and set an “overweight” rating on the stock in a research note on Wednesday. Stephens cut their price objective on shares of Carrier Global from $85.00 to $80.00 and set an “equal weight” rating for the company in a report on Monday, October 28th. Royal Bank of Canada lowered their price target on shares of Carrier Global from $86.00 to $76.00 and set an “outperform” rating on the stock in a report on Wednesday. Finally, Robert W. Baird reduced their price target on shares of Carrier Global from $88.00 to $86.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Eight equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $82.64.

Carrier Global Stock Performance

Carrier Global stock opened at $63.60 on Thursday. The firm has a fifty day simple moving average of $68.78 and a two-hundred day simple moving average of $72.40. Carrier Global has a twelve month low of $53.13 and a twelve month high of $83.32. The company has a market capitalization of $57.06 billion, a PE ratio of 16.10, a P/E/G ratio of 2.11 and a beta of 1.35. The company has a quick ratio of 0.82, a current ratio of 1.08 and a debt-to-equity ratio of 0.69.

Carrier Global (NYSE:CARR) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.03. Carrier Global had a return on equity of 20.52% and a net margin of 14.98%. During the same quarter last year, the business posted $0.53 EPS. Research analysts expect that Carrier Global will post 2.52 EPS for the current year.

Carrier Global Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, December 20th were issued a dividend of $0.225 per share. This is a positive change from Carrier Global’s previous quarterly dividend of $0.19. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date was Friday, December 20th. Carrier Global’s dividend payout ratio is currently 22.78%.

Carrier Global declared that its Board of Directors has approved a share repurchase plan on Thursday, October 24th that allows the company to buyback $3.00 billion in shares. This buyback authorization allows the company to buy up to 4.6% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

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.