Carrier Global (NYSE:CARR) Issues Earnings Results

Carrier Global (NYSE:CARR) issued its quarterly earnings data on Tuesday. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.04, FiscalAI reports. The business had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.02 billion. Carrier Global had a net margin of 5.99% and a return on equity of 14.81%. Carrier Global updated its FY 2026 guidance to 2.900-2.900 EPS.

Here are the key takeaways from Carrier Global’s conference call:

• Carrier raised its 2026 outlook, now expecting approximately $23 billion in sales, $3.5 billion in adjusted operating profit, and $2.90 in adjusted EPS, supported by stronger-than-expected first-half results.
• Orders increased about 40% in the quarter, with commercial HVAC orders up 65% and data-center orders up fourfold; total backlog exceeded $8 billion, providing strong visibility into second-half growth and 2027 demand.
• Carrier raised its 2026 data-center sales forecast to approximately $2 billion, with $1.5 billion expected in the second half, and plans a new U.S. facility to expand capacity for continued hyperscaler and colocation demand.
• Second-quarter margins declined year over year due to unfavorable business mix, higher input costs, tariff timing, lower joint-venture income, and increased investments; management expects third-quarter operating margin to fall sequentially to about 16.5%.
• Residential and light-commercial markets improved, with North American residential sales up 9% and European heat-pump sales up 20%; Carrier also completed the Riello divestiture, announced the NORESCO sale, and acquired 75F to expand its cloud-native, AI-enabled building-management platform.

Carrier Global Stock Performance

Shares of Carrier Global stock opened at $69.43 on Tuesday. Carrier Global has a 1 year low of $50.24 and a 1 year high of $81.09. The firm’s 50-day moving average is $68.60 and its 200 day moving average is $63.33. The stock has a market cap of $57.67 billion, a price-to-earnings ratio of 45.68, a PEG ratio of 2.76 and a beta of 1.31. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.05 and a quick ratio of 0.75.

Carrier Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Tuesday, July 21st will be paid a $0.24 dividend. The ex-dividend date is Tuesday, July 21st. This represents a $0.96 dividend on an annualized basis and a yield of 1.4%. Carrier Global’s payout ratio is presently 63.16%.

Wall Street Analyst Weigh In

Several equities analysts have commented on CARR shares. Rothschild & Co Redburn raised their price objective on Carrier Global from $61.00 to $73.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carrier Global in a research report on Monday, July 20th. JPMorgan Chase & Co. increased their price target on shares of Carrier Global from $63.00 to $67.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Wells Fargo & Company lifted their price target on shares of Carrier Global from $58.00 to $71.00 in a research report on Friday, May 1st. Finally, Sanford C. Bernstein started coverage on shares of Carrier Global in a report on Tuesday, June 9th. They issued a “market perform” rating and a $75.00 price objective on the stock. Twelve analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $73.51.

Institutional Investors Weigh In On Carrier Global

Institutional investors have recently made changes to their positions in the company. Garton & Associates Financial Advisors LLC purchased a new stake in Carrier Global during the 4th quarter valued at $33,000. Kelleher Financial Advisors bought a new position in shares of Carrier Global during the third quarter valued at $49,000. Transamerica Financial Advisors LLC lifted its holdings in shares of Carrier Global by 862.9% during the fourth quarter. Transamerica Financial Advisors LLC now owns 1,011 shares of the company’s stock valued at $53,000 after purchasing an additional 906 shares in the last quarter. DV Equities LLC purchased a new stake in shares of Carrier Global during the fourth quarter valued at $58,000. Finally, EFG International AG purchased a new stake in shares of Carrier Global during the fourth quarter valued at $70,000. Hedge funds and other institutional investors 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.