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

Carrier Global (NYSE:CARR) posted its quarterly earnings results on Tuesday. The company reported $0.54 EPS for the quarter, beating the consensus estimate 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%. Carrier Global updated its FY 2025 guidance to 2.950-3.050 EPS.

Carrier Global Stock Up 3.4 %

NYSE CARR opened at $66.35 on Tuesday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.82 and a current ratio of 1.08. The firm has a 50-day simple moving average of $69.19 and a 200 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 stock has a market cap of $59.53 billion, a PE ratio of 16.80, a PEG ratio of 2.11 and a beta of 1.35.

Carrier Global Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, December 20th were paid a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend was Friday, December 20th. This is a boost from Carrier Global’s previous quarterly dividend of $0.19. Carrier Global’s dividend payout ratio (DPR) is presently 22.78%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on CARR shares. Stephens decreased 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. JPMorgan Chase & Co. decreased their price objective on shares of Carrier Global from $83.00 to $77.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. Bank of America upped their price objective on shares of Carrier Global from $80.00 to $90.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Robert W. Baird decreased their price objective on shares of Carrier Global from $88.00 to $86.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Finally, Wells Fargo & Company decreased their price objective on shares of Carrier Global from $80.00 to $75.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Eight research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Carrier Global has a consensus rating of “Moderate Buy” and a consensus price target of $83.93.

Carrier Global announced that its board has authorized a stock buyback plan on Thursday, October 24th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the company to reacquire up to 4.6% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board 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.