Carrier Global (NYSE:CARR) released its earnings results on Thursday. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.06, MarketWatch Earnings reports. The business had revenue of $3.97 billion for the quarter, compared to analyst estimates of $3.63 billion. Carrier Global updated its FY 2020
Pre-Market guidance to EPS.

NYSE:CARR traded up $0.34 on Friday, hitting $27.24. 9,116,275 shares of the company’s stock were exchanged, compared to its average volume of 6,216,850. The business has a 50-day simple moving average of $23.84. The company has a debt-to-equity ratio of 3.64, a current ratio of 1.34 and a quick ratio of 0.99. Carrier Global has a 52 week low of $11.50 and a 52 week high of $27.72.

The firm also recently declared a quarterly dividend, which was paid on Monday, July 20th. Shareholders of record on Friday, June 26th were given a dividend of $0.08 per share. The ex-dividend date was Thursday, June 25th. This represents a $0.32 annualized dividend and a yield of 1.17%.

A number of research firms have commented on CARR. Citigroup lifted their target price on shares of Carrier Global from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. William Blair reaffirmed a “market perform” rating on shares of Carrier Global in a report on Monday, May 11th. Cowen reaffirmed a “hold” rating and set a $17.00 target price on shares of Carrier Global in a report on Thursday, May 7th. Wolfe Research began coverage on shares of Carrier Global in a report on Friday, April 17th. They set a “buy” rating for the company. Finally, Barclays boosted their price target on shares of Carrier Global from $26.00 to $29.00 in a report on Friday. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $22.90.

In other news, CEO David L. Gitlin bought 57,580 shares of the company’s stock in a transaction dated Monday, May 18th. The shares were bought at an average cost of $17.77 per share, with a total value of $1,023,196.60. Also, Director John J. Greisch bought 35,000 shares of the company’s stock in a transaction dated Monday, May 18th. The stock was purchased at an average cost of $17.77 per share, for a total transaction of $621,950.00.

About Carrier Global

There is no company description available for Carrier Global Corp.

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