Carrier Global (NYSE:CARR) Issues 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 2.870. The company issued revenue guidance of $22.0 billion-$22.0 billion, compared to the consensus revenue estimate of $22.5 billion.

Analysts Set New Price Targets

A number of brokerages have recently commented on CARR. Morgan Stanley set a $55.00 price objective on Carrier Global in a research report on Thursday, January 8th. Robert W. Baird decreased their price target on Carrier Global from $72.00 to $66.00 and set an “outperform” rating for the company in a research report on Monday, January 26th. Royal Bank Of Canada reduced their price objective on shares of Carrier Global from $75.00 to $70.00 and set an “outperform” rating for the company in a research note on Friday, December 5th. JPMorgan Chase & Co. boosted their price target on shares of Carrier Global from $60.00 to $63.00 and gave the company a “neutral” rating in a report on Friday, January 16th. Finally, Mizuho decreased their price objective on shares of Carrier Global from $75.00 to $67.00 and set an “outperform” rating for the company in a research note on Monday, January 5th. Ten investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $69.06.

Carrier Global Trading Up 4.5%

Shares of NYSE CARR opened at $63.98 on Thursday. The business has a 50 day simple moving average of $55.08 and a 200 day simple moving average of $59.50. Carrier Global has a 52 week low of $50.24 and a 52 week high of $81.09. The stock has a market cap of $53.88 billion, a price-to-earnings ratio of 14.31, a PEG ratio of 2.46 and a beta of 1.33. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.75 and a current ratio of 1.14.

Carrier Global (NYSE:CARR) last posted its earnings results on Thursday, February 5th. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.05). Carrier Global had a return on equity of 16.65% and a net margin of 18.05%.Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, research analysts predict that Carrier Global will post 2.99 earnings per share for the current fiscal year.

Carrier Global Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 9th. Stockholders of record on Tuesday, January 20th will be paid a dividend of $0.24 per share. This is a boost from Carrier Global’s previous quarterly dividend of $0.23. The ex-dividend date is Tuesday, January 20th. This represents a $0.96 annualized dividend and a dividend yield of 1.5%. Carrier Global’s dividend payout ratio is currently 21.48%.

Carrier Global declared that its board has approved a share buyback plan on Tuesday, October 28th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the company to reacquire up to 10.1% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CARR. State Street Corp grew its position in shares of Carrier Global by 1.4% during the 3rd quarter. State Street Corp now owns 33,377,339 shares of the company’s stock worth $1,992,627,000 after buying an additional 473,692 shares during the period. Alliancebernstein L.P. increased its stake 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 valued at $337,730,000 after acquiring an additional 295,624 shares during the last quarter. Invesco Ltd. raised its position in shares of Carrier Global by 8.3% in the 3rd quarter. Invesco Ltd. now owns 4,154,772 shares of the company’s stock valued at $248,040,000 after acquiring an additional 318,643 shares during the period. Raymond James Financial Inc. boosted its stake in Carrier Global by 38.0% during the 3rd quarter. Raymond James Financial Inc. now owns 2,719,026 shares of the company’s stock worth $162,326,000 after acquiring an additional 749,162 shares during the last quarter. Finally, Amundi increased its stake in Carrier Global by 36.2% in the third quarter. Amundi now owns 2,529,638 shares of the company’s stock valued at $151,298,000 after purchasing an additional 672,876 shares in the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

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.