Carrier Global (NYSE:CARR) Announces Earnings Results, Beats Expectations By $0.03 EPS

Carrier Global (NYSE:CARR - Get Free Report) issued its earnings results on Tuesday. The company reported $0.54 EPS for the quarter, topping 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%. During the same quarter last year, the company posted $0.53 EPS. Carrier Global updated its FY 2025 guidance to 2.950-3.050 EPS.

Carrier Global Price Performance

CARR stock traded up $1.49 during trading on Friday, hitting $65.16. The stock had a trading volume of 3,943,343 shares, compared to its average volume of 5,802,815. The company's 50 day moving average price is $68.34 and its two-hundred day moving average price is $72.28. Carrier Global has a 1-year low of $53.13 and a 1-year high of $83.32. The stock has a market cap of $58.47 billion, a price-to-earnings ratio of 16.48, a price-to-earnings-growth ratio of 2.11 and a beta of 1.35. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.82 and a current ratio of 1.08.

Carrier Global Increases Dividend

The company 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 is an increase from Carrier Global's previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.90 annualized dividend and a yield of 1.38%. Carrier Global's payout ratio is presently 22.78%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Barclays decreased their target price on shares of Carrier Global from $90.00 to $87.00 and set an "overweight" rating on the stock in a research report on Wednesday. Bank of America boosted their target price 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. The Goldman Sachs Group assumed coverage on shares of Carrier Global in a research report on Thursday, December 12th. They set a "buy" rating and a $96.00 target price on the stock. Wells Fargo & Company decreased their target price on shares of Carrier Global from $75.00 to $70.00 and set an "equal weight" rating on the stock in a research report on Wednesday. Finally, Citigroup decreased their price objective on shares of Carrier Global from $94.00 to $90.00 and set a "buy" rating on the stock in a research report on Monday, January 13th. Seven analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Carrier Global presently has a consensus rating of "Moderate Buy" and an average target price of $82.64.

Carrier Global declared that its Board of Directors has authorized a stock repurchase plan on Thursday, October 24th that permits the company to repurchase $3.00 billion in shares. This repurchase authorization permits the company to buy up to 4.6% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's management believes its stock is undervalued.

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.