Carrier Global (NYSE:CARR) Releases Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Carrier Global (NYSE:CARR) announced its quarterly earnings data on Thursday. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.02), FiscalAI reports. Carrier Global had a net margin of 18.05% and a return on equity of 16.65%. The company had revenue of $4.84 billion during the quarter, compared to analysts’ expectations of $5.05 billion. During the same period in the previous year, the business earned $0.54 earnings per share. The business’s revenue for the quarter was down 6.0% compared to the same quarter last year. Carrier Global updated its FY 2026 guidance to 2.800-2.800 EPS.

Here are the key takeaways from Carrier Global’s conference call:

• Short‑cycle weakness remains a material headwind — CSA residential volumes plunged (~40% in Q4) and light commercial fell ~20%, management expects industry units down ~10–15% in 2026, leading to under‑absorption and margin pressure despite reduced channel inventories (~30% lower).
• Long‑cycle and aftermarket businesses are driving growth — commercial HVAC posted another year of double‑digit growth, aftermarket is up double digits with >70,000 chillers connected, and the data center business reached ~ $1 billion with Q4 orders >5x year‑ago and projected ~50% data center revenue growth in 2026.
• Cost actions and capital returns support profitability — decisive 2025 cost measures are expected to deliver > $100 million of savings in 2026, management cites ~ $400 million of productivity tailwinds, plans ~ $1.5 billion of buybacks, and guides adjusted operating profit of ~ $3.4 billion and adjusted EPS around $2.80.
• Near‑term cadence is back‑loaded and Q1 looks weak — company expects Q1 revenue ~ $5 billion with organic down high‑single digits (CSA residential down >20%), Q1 adjusted EPS ~ $0.50 (benefitting from a discrete tax item), and full‑year growth to be second‑half weighted.

Carrier Global Price Performance

Shares of NYSE:CARR traded down $0.34 during trading on Thursday, reaching $63.21. 19,176,416 shares of the company’s stock traded hands, compared to its average volume of 8,607,775. The firm has a market cap of $53.23 billion, a PE ratio of 14.14, a P/E/G ratio of 2.46 and a beta of 1.33. Carrier Global has a fifty-two week low of $50.24 and a fifty-two week high of $81.09. The company has a quick ratio of 0.75, a current ratio of 1.14 and a debt-to-equity ratio of 0.76. The company has a 50-day simple moving average of $55.08 and a 200-day simple moving average of $59.50.

Carrier Global Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 9th. Investors of record on Tuesday, January 20th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.5%. This is a boost from Carrier Global’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Tuesday, January 20th. Carrier Global’s payout ratio is currently 21.48%.

Carrier Global announced that its board has initiated a stock repurchase program on Tuesday, October 28th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the company to purchase up to 10.1% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

CARR has been the subject of a number of research reports. The Goldman Sachs Group lowered their price target on Carrier Global from $72.00 to $68.00 and set a “buy” rating for the company in a research report on Tuesday, December 16th. Barclays decreased their target price on Carrier Global from $74.00 to $72.00 and set an “overweight” rating for the company in a report on Wednesday, December 10th. JPMorgan Chase & Co. increased their price target on shares of Carrier Global from $60.00 to $63.00 and gave the stock a “neutral” rating in a report on Friday, January 16th. Robert W. Baird reduced their price target on shares of Carrier Global from $72.00 to $66.00 and set an “outperform” rating for the company in a research report on Monday, January 26th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Carrier Global from $70.00 to $64.00 and set a “hold” rating on the stock in a report on Wednesday, October 29th. Ten investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, Carrier Global presently has a consensus rating of “Moderate Buy” and an average target price of $69.06.

Institutional Trading of Carrier Global

A number of institutional investors and hedge funds have recently made changes to their positions in the business. CIBC Bancorp USA Inc. acquired a new position in Carrier Global during the third quarter worth $6,528,000. Danske Bank A S acquired a new position in shares of Carrier Global during the 3rd quarter worth about $17,567,000. Hancock Whitney Corp raised its position in shares of Carrier Global by 2.8% during the 3rd quarter. Hancock Whitney Corp now owns 43,707 shares of the company’s stock worth $2,609,000 after purchasing an additional 1,180 shares during the last quarter. Financial Engines Advisors L.L.C. boosted its holdings in Carrier Global by 5.7% in the 3rd quarter. Financial Engines Advisors L.L.C. now owns 4,973 shares of the company’s stock worth $297,000 after buying an additional 270 shares during the last quarter. Finally, Palisade Asset Management LLC acquired a new stake in Carrier Global in the 3rd quarter worth about $84,000. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Carrier Global Company Profile

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.