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

Carrier Global (NYSE:CARR) issued an update on 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 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.

Analysts Set New Price Targets

Several brokerages recently issued reports on CARR. Zacks Research upgraded Carrier Global from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 7th. Morgan Stanley upped their target price on shares of Carrier Global from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 28th. Mizuho increased their target price on shares of Carrier Global from $67.00 to $75.00 in a report on Friday, May 1st. Rothschild & Co Redburn raised their price target on shares of Carrier Global from $61.00 to $73.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Carrier Global from $63.00 to $67.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Twelve analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $73.51.

Carrier Global Price Performance

Carrier Global stock opened at $60.83 on Wednesday. The company has a market cap of $50.52 billion, a price-to-earnings ratio of 40.14, a PEG ratio of 2.78 and a beta of 1.31. The business’s 50 day simple moving average is $68.63 and its 200 day simple moving average is $63.41. 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 $76.76.

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

Carrier Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Tuesday, July 21st will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Tuesday, July 21st. Carrier Global’s dividend payout ratio is 63.16%.

Key Carrier Global News

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

• Positive Sentiment: Second-quarter results exceeded expectations. Carrier reported adjusted EPS of $0.86, above the roughly $0.82–$0.83 consensus, while revenue rose 3.9% year over year to $6.35 billion, surpassing the $6.02 billion estimate. Carrier Reports Second Quarter 2026 Results
• Positive Sentiment: Management raised its 2026 outlook. Carrier now expects approximately $23 billion in sales and adjusted EPS of about $2.90, ahead of analyst expectations of roughly $22.2 billion in revenue and $2.80 EPS. The company also increased its outlook for adjusted operating profit. Carrier 2026 Forecast
• Positive Sentiment: Data-center demand is becoming a larger growth driver. Carrier lifted its 2026 data-center revenue outlook to approximately $2 billion, while stronger HVAC orders and commercial demand supported the quarter. Carrier Q2 Earnings and HVAC Orders
• Neutral Sentiment: Carrier agreed to sell its Noresco business to LS Power. The transaction supports Carrier’s portfolio simplification and could generate proceeds, although the financial terms and closing details were not provided. Carrier to Sell Noresco Business
• Negative Sentiment: Profitability remains a concern. Quarterly EPS declined from $0.92 a year earlier to $0.86, and commentary pointed to margin pressure despite stronger sales and orders. With CARR trading at a relatively high forward valuation, investors may have expected an even stronger outlook, helping explain the weaker share performance after the announcement.

Institutional Trading of Carrier Global

Large investors have recently modified their holdings of the business. Garton & Associates Financial Advisors LLC bought a new stake in shares of Carrier Global during the 4th quarter valued at $33,000. Kelleher Financial Advisors bought a new stake in shares of Carrier Global during the 3rd quarter valued at about $49,000. Transamerica Financial Advisors LLC grew its position in Carrier Global by 862.9% during the fourth quarter. Transamerica Financial Advisors LLC now owns 1,011 shares of the company’s stock valued at $53,000 after buying an additional 906 shares during the period. DV Equities LLC bought a new position in shares of Carrier Global in the fourth quarter worth about $58,000. Finally, EFG International AG purchased a new position in shares of Carrier Global in the fourth quarter valued at about $70,000. Institutional investors own 91.00% of the company’s stock.

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.