Carrier Global (NYSE:CARR) Releases FY 2026 Earnings Guidance

Carrier Global (NYSE:CARR) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 2.800-2.800 for the period, compared to the consensus estimate of 2.770. The company issued revenue guidance of $22.0 billion-$22.0 billion, compared to the consensus revenue estimate of $21.9 billion.

Carrier Global Stock Performance

Carrier Global stock opened at $67.74 on Friday. Carrier Global has a 12-month low of $50.24 and a 12-month high of $81.09. The company has a market capitalization of $56.59 billion, a price-to-earnings ratio of 39.61, a price-to-earnings-growth ratio of 2.68 and a beta of 1.38. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.05 and a quick ratio of 0.85. The firm’s fifty day moving average price is $59.74 and its 200 day moving average price is $57.72.

Carrier Global (NYSE:CARR) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.06. Carrier Global had a net margin of 5.99% and a return on equity of 14.81%. The firm had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $5.01 billion. During the same quarter in the previous year, the firm posted $0.65 EPS. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, research analysts forecast that Carrier Global will post 2.8 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Monday, May 4th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Monday, May 4th. This represents a $0.96 annualized dividend and a yield of 1.4%. Carrier Global’s payout ratio is 56.14%.

Analyst Ratings Changes

CARR has been the topic of several analyst reports. Royal Bank Of Canada lifted their price target on shares of Carrier Global from $71.00 to $81.00 and gave the stock an “outperform” rating in a research note on Friday. CICC Research decreased their price objective on shares of Carrier Global from $76.85 to $69.78 and set an “outperform” rating for the company in a report on Wednesday, February 11th. Argus raised their price objective on shares of Carrier Global from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, February 9th. UBS Group decreased their price objective on shares of Carrier Global from $73.00 to $70.00 and set a “buy” rating for the company in a report on Monday, January 5th. Finally, Evercore raised their price objective on shares of Carrier Global from $75.00 to $85.00 in a report on Friday. Thirteen analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $72.74.

Key Headlines Impacting Carrier Global

Here are the key news stories impacting Carrier Global this week:

• Positive Sentiment: Q1 beat and upbeat outlook — Carrier reported adjusted EPS $0.57 vs. $0.51 consensus and revenue $5.34B vs. $5.01B estimate; management reaffirmed FY‑26 adjusted EPS $2.80 and ~$22B sales while saying backlog fully covers expected 2026 data‑center sales. These results and the guidance re‑affirmation are the main drivers lifting the stock. PR Newswire: Carrier Reports First Quarter 2026 Results
• Positive Sentiment: Data‑center and Commercial HVAC momentum — Carrier highlighted data‑center orders up over 500% and Commercial HVAC orders +35%, with total company orders +11%, signaling durable demand in higher‑margin segments. Seeking Alpha: Data‑center demand story
• Positive Sentiment: Analyst upgrades and price‑target increases — Multiple firms raised targets (examples: Evercore to $85, RBC to $81, Goldman to $80, Citi to $79, others), reinforcing bullish sentiment and providing fresh buy‑side interest. Benzinga: Analysts boost forecasts
• Positive Sentiment: Shareholder returns — Company returned about $500M in the quarter through dividends and repurchases, which supports valuation and investor confidence. PR Newswire: Capital returns
• Neutral Sentiment: Management commentary and detail — The earnings‑call transcript and slide deck provide color on product mix, backlog and timing for data‑center revenue; useful for confirming sustainability but not an immediate catalyst by itself. Seeking Alpha: Q1 call transcript
• Positive Sentiment: Insider buy — CEO David Gitlin bought shares recently, a signal some investors view as management confidence in the outlook. QuiverQuant: Insider activity
• Negative Sentiment: Cash conversion and organic trends — Operating cash flow was $79M and free cash flow was negative (~$15M) in the quarter; organic sales were down ~1% and GAAP EPS ($0.28) lagged the prior year, which could temper enthusiasm if cash conversion and organic growth don’t improve. PR Newswire: Financial details

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CARR. State Street Corp lifted its position in shares of Carrier Global by 1.1% in the 4th quarter. State Street Corp now owns 33,728,829 shares of the company’s stock worth $1,782,231,000 after buying an additional 351,490 shares during the last quarter. Morgan Stanley lifted its position in shares of Carrier Global by 1.8% in the 4th quarter. Morgan Stanley now owns 11,757,449 shares of the company’s stock worth $621,264,000 after buying an additional 210,952 shares during the last quarter. Invesco Ltd. lifted its position in shares of Carrier Global by 17.3% in the 4th quarter. Invesco Ltd. now owns 4,871,584 shares of the company’s stock worth $257,415,000 after buying an additional 716,812 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of Carrier Global by 44.1% in the 4th quarter. Victory Capital Management Inc. now owns 4,783,753 shares of the company’s stock worth $252,774,000 after buying an additional 1,465,144 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its position in shares of Carrier Global by 6.8% in the 2nd quarter. Alliancebernstein L.P. now owns 4,614,430 shares of the company’s stock worth $337,730,000 after buying an additional 295,624 shares during the last quarter. 91.00% of the stock is owned by institutional investors and hedge funds.

About Carrier Global

Carrier Global Corporation is a leading global provider of heating, ventilation and air conditioning (HVAC), refrigeration, fire and security, and building automation solutions. The company designs, manufactures and sells a broad portfolio of products that includes air conditioners, furnaces, heat pumps, chillers, rooftop units, commercial refrigeration systems, fire and smoke detection and suppression systems, security sensors and access controls, and a range of building controls and analytics software.