Carrier Global (NYSE:CARR) Updates FY 2026 Earnings Guidance

Carrier Global (NYSE:CARR) updated its FY 2026 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 2.900-2.900 for the period, compared to the consensus EPS estimate of 2.800. The company issued revenue guidance of $23.0 billion-$23.0 billion, compared to the consensus revenue estimate of $22.2 billion.

Carrier Global Price Performance

Shares of CARR stock opened at $69.43 on Tuesday. The stock has a 50 day moving average of $68.60 and a two-hundred day moving average of $63.33. The company has a current ratio of 1.05, a quick ratio of 0.75 and a debt-to-equity ratio of 0.76. Carrier Global has a 12 month low of $50.24 and a 12 month high of $81.09. The company has a market capitalization of $57.67 billion, a P/E ratio of 45.68, a P/E/G ratio of 2.76 and a beta of 1.31.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.04. The company had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.02 billion. Carrier Global had a return on equity of 14.81% and a net margin of 5.99%.Carrier Global’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.92 EPS. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. As a group, equities analysts expect that Carrier Global will post 2.79 EPS for the current year.

Carrier Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Tuesday, July 21st will be paid a dividend of $0.24 per share. 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 currently 63.16%.

Analyst Ratings Changes

CARR has been the topic of several analyst reports. Royal Bank Of Canada boosted their price target on shares of Carrier Global from $71.00 to $81.00 and gave the company an “outperform” rating in a report on Friday, May 1st. Argus raised their price objective on shares of Carrier Global from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. The Goldman Sachs Group lifted their target price on shares of Carrier Global from $74.00 to $80.00 in a research report on Friday, May 1st. Wells Fargo & Company upped their target price on shares of Carrier Global from $58.00 to $71.00 in a research note on Friday, May 1st. Finally, Sanford C. Bernstein assumed coverage on shares of Carrier Global in a research report on Tuesday, June 9th. They issued a “market perform” rating and a $75.00 price target for the company. Twelve investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $73.51.

Key Stories Impacting Carrier Global

Here are the key news stories impacting Carrier Global this week:

• Positive Sentiment: Second-quarter results exceeded expectations. Carrier reported adjusted earnings of $0.86 per share, ahead of consensus estimates ranging from $0.82 to $0.83. Revenue reached $6.35 billion, surpassing the approximately $6.02 billion analyst forecast. Earnings were below the $0.92 per share reported a year earlier, but the quarterly beat was supportive for the stock. Carrier Global Q2 earnings and revenues beat estimates
• Positive Sentiment: Carrier increased its full-year 2026 outlook. The company now expects earnings per share of $2.90 and revenue of $23.0 billion, above analyst estimates of roughly $2.80 and $22.2 billion, respectively. Carrier also said it increased its outlook for full-year sales and adjusted operating profit, signaling improved confidence in its operating performance. Carrier reports second-quarter 2026 results
• Neutral Sentiment: Carrier agreed to sell its NORESCO energy services business to OPTERRA Energy Services, a subsidiary of LS Power. The divestiture is consistent with portfolio simplification and may allow Carrier to concentrate on its core climate and energy-solutions operations, but the financial terms and immediate earnings impact were not disclosed. Carrier announces agreement to sell NORESCO

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. State Street Corp grew its holdings in shares of Carrier Global by 1.1% in the 4th quarter. State Street Corp now owns 33,728,829 shares of the company’s stock worth $1,782,231,000 after purchasing an additional 351,490 shares during the last quarter. Morgan Stanley lifted its holdings in Carrier Global by 1.8% during the 4th quarter. Morgan Stanley now owns 11,757,449 shares of the company’s stock valued at $621,264,000 after purchasing an additional 210,952 shares during the last quarter. Invesco Ltd. boosted its position in Carrier Global by 17.3% in the fourth quarter. Invesco Ltd. now owns 4,871,584 shares of the company’s stock valued at $257,415,000 after buying an additional 716,812 shares in the last quarter. Victory Capital Management Inc. boosted its position in Carrier Global by 44.1% in the fourth quarter. Victory Capital Management Inc. now owns 4,783,753 shares of the company’s stock valued at $252,774,000 after buying an additional 1,465,144 shares in the last quarter. Finally, Alliancebernstein L.P. grew its stake in Carrier Global by 6.8% during the second quarter. Alliancebernstein L.P. now owns 4,614,430 shares of the company’s stock worth $337,730,000 after buying an additional 295,624 shares during the last quarter. 91.00% of the stock is owned by institutional investors.

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.