Carrier Global (NYSE:CARR) Updates FY 2025 Earnings Guidance

Carrier Global (NYSE:CARR) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 2.950-3.050 for the period, compared to the consensus earnings per share estimate of 2.990. The company issued revenue guidance of $22.5 billion-$23.0 billion, compared to the consensus revenue estimate of $23.0 billion.

Analyst Upgrades and Downgrades

CARR has been the subject of a number of analyst reports. Mizuho raised their price objective on Carrier Global from $65.00 to $78.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. JPMorgan Chase & Co. reduced their price target on shares of Carrier Global from $83.00 to $77.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. UBS Group raised shares of Carrier Global from a “neutral” rating to a “buy” rating and set a $94.00 target price for the company in a research report on Wednesday, November 13th. Citigroup reduced their target price on shares of Carrier Global from $94.00 to $90.00 and set a “buy” rating for the company in a report on Monday, January 13th. Finally, Robert W. Baird lowered their price objective on Carrier Global from $88.00 to $86.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Eight analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Carrier Global presently has an average rating of “Moderate Buy” and a consensus target price of $82.64.

Carrier Global Stock Performance

NYSE:CARR opened at $63.60 on Thursday. The firm has a 50 day simple moving average of $68.78 and a 200-day simple moving average of $72.40. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.08 and a quick ratio of 0.82. Carrier Global has a 1-year low of $53.13 and a 1-year high of $83.32. The firm has a market cap of $57.06 billion, a PE ratio of 16.10, a P/E/G ratio of 2.11 and a beta of 1.35.

Carrier Global (NYSE:CARR) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.51 by $0.03. Carrier Global had a return on equity of 20.52% and a net margin of 14.98%. During the same quarter last year, the firm earned $0.53 earnings per share. On average, equities analysts expect that Carrier Global will post 2.52 EPS for the current year.

Carrier Global Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, December 20th were issued a $0.225 dividend. This is an increase from Carrier Global’s previous quarterly dividend of $0.19. This represents a $0.90 annualized dividend and a yield of 1.42%. The ex-dividend date was Friday, December 20th. Carrier Global’s dividend payout ratio is currently 22.78%.

Carrier Global announced that its Board of Directors has authorized a stock buyback program on Thursday, October 24th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the company to buy up to 4.6% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are 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.