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

Carrier Global (NYSE:CARR - Get Free Report) will likely be issuing its Q1 2025 quarterly earnings data before the market opens on Thursday, April 24th. Analysts expect Carrier Global to post earnings of $0.57 per share and revenue of $5.17 billion for the quarter. Carrier Global has set its FY 2025 guidance at 2.950-3.050 EPS.

Carrier Global (NYSE:CARR - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.54 EPS for the quarter, topping analysts' consensus estimates of $0.51 by $0.03. Carrier Global had a net margin of 23.83% and a return on equity of 18.82%. During the same quarter in the previous year, the business posted $0.53 EPS. On average, analysts expect Carrier Global to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Carrier Global Stock Performance

NYSE CARR traded down $1.68 during mid-day trading on Monday, reaching $58.22. 4,607,574 shares of the stock were exchanged, compared to its average volume of 4,533,378. Carrier Global has a 1 year low of $53.50 and a 1 year high of $83.32. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.96 and a current ratio of 1.25. The business's 50 day moving average is $63.65 and its 200-day moving average is $69.38. The company has a market capitalization of $50.30 billion, a P/E ratio of 9.27, a P/E/G ratio of 2.01 and a beta of 1.33.

Carrier Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Friday, May 2nd will be given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend is Friday, May 2nd. Carrier Global's dividend payout ratio (DPR) is presently 14.33%.

Hedge Funds Weigh In On Carrier Global

A hedge fund recently raised its stake in Carrier Global stock. Brighton Jones LLC raised its position in Carrier Global Co. (NYSE:CARR - Free Report) by 30.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,958 shares of the company's stock after purchasing an additional 1,850 shares during the quarter. Brighton Jones LLC's holdings in Carrier Global were worth $543,000 as of its most recent SEC filing. Institutional investors own 91.00% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on CARR. Royal Bank of Canada dropped their price objective on Carrier Global from $86.00 to $76.00 and set an "outperform" rating on the stock in a report on Wednesday, February 12th. Mizuho upgraded shares of Carrier Global from a "neutral" rating to an "outperform" rating and set a $78.00 price objective for the company in a research report on Friday, February 14th. JPMorgan Chase & Co. cut their target price on shares of Carrier Global from $78.00 to $64.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Wells Fargo & Company lowered their price objective on Carrier Global from $75.00 to $70.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 12th. Finally, Citigroup lowered their price target on Carrier Global from $89.00 to $72.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Carrier Global has a consensus rating of "Moderate Buy" and an average target price of $80.13.

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.