During the recent session, Carrier Global Corp (NYSE:CARR)’s traded shares were 0.58 million, with the beta value of the company hitting 1.26. At the last check today, the stock’s price was $76.62, reflecting an intraday loss of -0.19% or -$0.15. The 52-week high for the CARR share is $83.32, that puts it down -8.74 from that peak though still a striking 29.24% gain since the share price plummeted to a 52-week low of $54.22. The company’s market capitalization is $65.69B, and the average intraday trading volume over the past 10 days was 3.98 million shares, and the average trade volume was 4.96 million shares over the past three months.
Carrier Global Corp (CARR) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.96. CARR has a Sell rating from 0 analyst(s) out of 13 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 10 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.9.
Carrier Global Corp (NYSE:CARR) trade information
Carrier Global Corp (CARR) registered a -0.19% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -0.19% in intraday trading to $76.62, hitting a weekly high. The stock’s 5-day price performance is 1.29%, and it has moved by 6.79% in 30 days. Based on these gigs, the overall price performance for the year is 12.25%. The short interest in Carrier Global Corp (NYSE:CARR) is 15.83 million shares and it means that shorts have 3.28 day(s) to cover.
The consensus price target of analysts on Wall Street is $77.5, which implies an increase of 1.14% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $72 and $83 respectively. As a result, CARR is trading at a discount of -8.33% off the target high and 6.03% off the low.
Carrier Global Corp (CARR) estimates and forecasts
In the rating firms’ projections, revenue will increase 2.18% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 6.09B as predicted by 19 analyst(s). Meanwhile, a consensus of 19 analyst(s) estimates revenue growth to 6.18B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 6.69B and 5.98B respectively. In this case, analysts expect current quarter sales to shrink by -8.97% and then jump by 3.24% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -28.10%. While earnings are projected to return 18.95% in 2025, the next five years will return 14.36% per annum.
CARR Dividends
Carrier Global Corp is due to release its next quarterly earnings on 2025-May-01. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Carrier Global Corp is 0.64, with the dividend yield indicating at 0.84 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 1.12%.
Carrier Global Corp (NYSE:CARR)’s Major holders
Carrier Global Corp insiders own 5.99% of total outstanding shares while institutional holders control 85.64%, with the float percentage being 91.09%. CAPITAL RESEARCH GLOBAL INVESTORS is the largest shareholder of the company, while 1953.0 institutions own stock in it. As of 2024-06-30, the company held over 95.48 million shares (or 10.5803% of all shares), a total value of $6.02 billion in shares.
The next largest institutional holding, with 94.58 million shares, is of VANGUARD GROUP INC’s that is approximately 10.4808% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $5.97 billion.
