Carrier Global (CARR) Set to Announce Earnings on Thursday

Carrier Global (NYSE:CARR) will announce its earnings results before the market opens on Thursday, October 24th. Analysts expect the company to announce earnings of $0.82 per share for the quarter. Carrier Global has set its FY 2024 guidance at 2.800-2.900 EPS and its FY24 guidance at $2.80-$2.90 EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

Carrier Global (NYSE:CARR) last released its earnings results on Thursday, July 25th. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.02. Carrier Global had a net margin of 14.27% and a return on equity of 23.68%. The company had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.05 billion. During the same quarter in the previous year, the firm earned $0.79 EPS. Carrier Global’s revenue was up 11.7% compared to the same quarter last year. 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 Trading Down 0.7 %

NYSE:CARR opened at $81.05 on Thursday. The company has a current ratio of 1.08, a quick ratio of 0.80 and a debt-to-equity ratio of 0.80. The firm has a fifty day simple moving average of $74.63 and a 200-day simple moving average of $66.88. Carrier Global has a 12 month low of $45.68 and a 12 month high of $83.32. The company has a market capitalization of $73.03 billion, a P/E ratio of 56.68, a PEG ratio of 2.94 and a beta of 1.32.

Carrier Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Friday, October 25th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.94%. The ex-dividend date is Friday, October 25th. Carrier Global’s dividend payout ratio (DPR) is 53.15%.

Insider Transactions at Carrier Global

In related news, VP Ajay Agrawal sold 62,382 shares of Carrier Global stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $64.55, for a total transaction of $4,026,758.10. Following the completion of the transaction, the vice president now directly owns 103,066 shares of the company’s stock, valued at approximately $6,652,910.30. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 6.95% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the company. Wells Fargo & Company boosted their price target on Carrier Global from $73.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Monday, October 7th. Baird R W upgraded Carrier Global from a “hold” rating to a “strong-buy” rating in a report on Monday, July 15th. Oppenheimer lifted their price objective on Carrier Global from $74.00 to $88.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. Barclays boosted their price target on shares of Carrier Global from $81.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. Finally, Robert W. Baird cut their price objective on shares of Carrier Global from $75.00 to $74.00 and set an “outperform” rating for the company in a research report on Friday, July 26th. Six analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Carrier Global currently has a consensus rating of “Moderate Buy” and an average price target of $80.00.

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.