Carrier Global (NYSE:CARR) Posts Earnings Results, Beats Expectations By $0.19 EPS

Carrier Global (NYSE:CARR) released its quarterly earnings data on Thursday. The company reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.19, MarketWatch Earnings reports. The company had revenue of $5 billion for the quarter, compared to analyst estimates of $4.31 billion. Carrier Global’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.74 earnings per share. Carrier Global updated its FY 2020
Pre-Market guidance to EPS.

Shares of NYSE CARR opened at $34.07 on Friday. Carrier Global has a 12-month low of $11.50 and a 12-month high of $34.96. The company’s fifty day simple moving average is $31.54 and its 200 day simple moving average is $25.09. The company has a debt-to-equity ratio of 2.69, a current ratio of 1.68 and a quick ratio of 1.34.

The business also recently announced a quarterly dividend, which will be paid on Monday, November 23rd. Investors of record on Friday, October 30th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend is Thursday, October 29th.

A number of research firms recently issued reports on CARR. JPMorgan Chase & Co. upped their price objective on shares of Carrier Global from $28.00 to $33.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 7th. Barclays upped their price objective on shares of Carrier Global from $26.00 to $29.00 in a research report on Friday, July 31st. Stephens started coverage on shares of Carrier Global in a research report on Thursday, October 15th. They set an “overweight” rating and a $45.00 price objective for the company. Morgan Stanley upped their price target on shares of Carrier Global from $29.00 to $38.00 and gave the company an “equal weight” rating in a research report on Friday. Finally, Zacks Investment Research cut shares of Carrier Global from a “buy” rating to a “hold” rating in a research report on Wednesday, October 7th. Nine analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Carrier Global has an average rating of “Buy” and an average target price of $31.00.

About Carrier Global

There is no company description available for Carrier Global Corp.

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