Earnings results for Carrier Global (NYSE:CARR)
Carrier Global Corporation is expected* to report earnings on 07/29/2021 before market open. The report will be for the fiscal Quarter ending Jun 2021. According to Zacks Investment Research, based on 6 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.56. The reported EPS for the same quarter last year was $0.33.
Carrier Global last issued its earnings data on April 29th, 2021. The reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.11. The firm had revenue of $4.70 billion for the quarter, compared to analysts’ expectations of $4.37 billion. Its quarterly revenue was up 20.9% compared to the same quarter last year. Carrier Global has generated $1.66 earnings per share over the last year and currently has a price-to-earnings ratio of 20.1. Carrier Global has confirmed that its next quarterly earnings report will be published on Thursday, July 29th, 2021. Carrier Global will be holding an earnings conference call on Thursday, July 29th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 855-859-2056 with passcode “7948107”.
Analyst Opinion on Carrier Global (NYSE:CARR)
16 Wall Street analysts have issued ratings and price targets for Carrier Global in the last 12 months. Their average twelve-month price target is $47.19, predicting that the stock has a possible downside of 8.50%. The high price target for CARR is $57.00 and the low price target for CARR is $33.00. There are currently 4 hold ratings and 12 buy ratings for the stock, resulting in a consensus rating of “Buy.”
Carrier Global has received a consensus rating of Buy. The company’s average rating score is 2.75, and is based on 12 buy ratings, 4 hold ratings, and no sell ratings. According to analysts’ consensus price target of $47.19, Carrier Global has a forecasted downside of 8.5% from its current price of $51.57. Carrier Global has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.
Dividend Strength: Carrier Global (NYSE:CARR)
Carrier Global has a dividend yield of 0.92%, which is in the bottom 25% of all stocks that pay dividends. Carrier Global has been increasing its dividend for 28 years. The dividend payout ratio of Carrier Global is 28.92%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Carrier Global will have a dividend payout ratio of 20.69% next year. This indicates that Carrier Global will be able to sustain or increase its dividend.
Insiders buying/selling: Carrier Global (NYSE:CARR)
In the past three months, Carrier Global insiders have not sold or bought any company stock. Only 0.14% of the stock of Carrier Global is held by insiders. 83.64% of the stock of Carrier Global is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Earnings and Valuation of Carrier Global (NYSE:CARR
Earnings for Carrier Global are expected to grow by 11.54% in the coming year, from $2.08 to $2.32 per share. The P/E ratio of Carrier Global is 20.07, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 22.48. The P/E ratio of Carrier Global is 20.07, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 50.16. Carrier Global has a PEG Ratio of 1.87. PEG Ratios above 1 indicate that a company could be overvalued. Carrier Global has a P/B Ratio of 6.79. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.
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