Carrier Global (CARR) Projected to Post Quarterly Earnings on Tuesday

Carrier Global (NYSE:CARR - Get Free Report) will likely be releasing its earnings data before the market opens on Tuesday, February 11th. Analysts expect Carrier Global to post earnings of $0.51 per share and revenue of $5.20 billion for the quarter. Individual that wish to listen to the company's earnings conference call can do so using this link.

Carrier Global Trading Down 0.2 %

Shares of CARR traded down $0.11 on Tuesday, reaching $67.32. 7,965,263 shares of the company's stock were exchanged, compared to its average volume of 5,234,162. The business has a 50 day moving average price of $71.28 and a two-hundred day moving average price of $72.56. Carrier Global has a 12 month low of $53.13 and a 12 month high of $83.32. The stock has a market capitalization of $60.40 billion, a P/E ratio of 17.04, a price-to-earnings-growth ratio of 2.26 and a beta of 1.36. The company has a current ratio of 1.08, a quick ratio of 0.82 and a debt-to-equity ratio of 0.69.

Carrier Global declared that its board has initiated a stock buyback program on Thursday, October 24th that authorizes the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 4.6% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's leadership believes its shares are undervalued.

Carrier Global Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, December 20th will be given a dividend of $0.225 per share. This is a boost from Carrier Global's previous quarterly dividend of $0.19. The ex-dividend date is Friday, December 20th. This represents a $0.90 annualized dividend and a dividend yield of 1.34%. Carrier Global's payout ratio is presently 22.78%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Northcoast Research started coverage on Carrier Global in a research report on Friday, November 22nd. They set a "neutral" rating for the company. Oppenheimer upped their target price on shares of Carrier Global from $74.00 to $88.00 and gave the company an "outperform" rating in a research note on Wednesday, October 2nd. Bank of America lifted their price target on shares of Carrier Global from $80.00 to $90.00 and gave the stock a "neutral" rating in a research report on Friday, October 18th. Barclays lowered their price objective on shares of Carrier Global from $92.00 to $90.00 and set an "overweight" rating for the company in a research report on Wednesday, January 8th. Finally, Royal Bank of Canada cut their price objective on Carrier Global from $87.00 to $86.00 and set an "outperform" rating on the stock in a report on Friday, January 3rd. Eight analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $83.93.

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.