Carrier Global Corp (NYSE: CARR) Could Achieve Gains In The Near Future

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Earlier, Yahoo Finance discussed this stock as it revealed Carrier First Quarter 2024 Earnings Advisory.

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Stocks Info

CARR belongs to the Industrials sector of the NYSE while operating in the Building Products & Equipment industry. The current market capitalization of Carrier Global Corp is $52.30B. A total of 2.95 million shares were traded on the day, compared to an average of 4.98M shares.

In the most recent transaction, Gitlin David L. sold 354,539 shares of CARR for 54.16 per share on Feb 08 ’24. After the transaction, the Chairman and CEO now owns 422,808 company shares. In a previous transaction on Feb 08 ’24, O’Connor Kevin J. sold 26,551 shares at 53.77 per share. CARR shares that Senior VP & CLO owns now total 66,083.

Among the insiders who sold shares, Crockett Kyle disposed of 12,170 shares on Feb 08 ’24 at a per-share price of $53.96. This resulted in the Vice President, Controller holding 2,042 shares of CARR after the transaction. In another insider transaction, Agrawal Ajay sold 16,500 shares at $57.99 per share on Dec 15 ’23. Company shares held by the Senior VP, Strategy & Services now total 89,920.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Carrier Global Corp pays an annual dividend of $0.75, resulting in a dividend yield of 1.28%, and it has a price to earnings (P/E) ratio of 36.76. CARR’s most recent ex-dividend date was 12/20/2023 when it declared a $0.19 quarterly dividend that was paid in cash on 2/9/2024. Previously, the company paid the dividend on 11/20/2023 with an ex-dividend date of 10/26/2023. The CARR stock dividend was $0.1850 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, CARR has a high of $60.87 and a low of $40.28.

As of this writing, CARR has an earnings estimate of $0.51 per share for the current quarter. EPS was calculated based on a consensus of 16 estimates, with a high estimate of $0.6 per share and a lower estimate of $0.49. The company reported an EPS of $0.89 in the last quarter, which was 12.70% higher than expectations of $0.79.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. CARR’s latest balance sheet shows that the firm has $2.99B in Cash & Short Term Investments as of fiscal 2021. There were $10.22B in debt and $6.63B in liabilities at the time. Its Book Value Per Share was $10.33, while its Total Shareholder’s Equity was $7.09B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CARR is Buy with a score of 3.78.

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