Carrier Global Stock News

Analysts lower price target on Carrier Global Corp (NYSE: CARR) after Q4 results Wells Fargo analyst Joseph O'Dea lowered the price target to $50 (an upside of 5.3%) from $56 and maintained an

Carrier Global (NYSE: CARR ) has observed the following analyst ratings within the last quarter: Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 2 6 0 0 Last 30D 0 0 3 0 0 1M Ago 0 1 0 0 0 2M Ago 0 1 2 0 0 3M Ago 0 0 1 0 0 These 8 analysts have an average price target of $55.62 versus the current price of Carrier Global at $47.315, implying upside. Below is a summary of how these 8 analysts rated Carrier Global over the past 3 months. The greater the number of bullish ratings, … Full story available on Benzinga.com

Carrier Global Corp (NYSE: CARR ) reported fourth-quarter FY21 sales growth of 11.7% year-over-year to $5.13 billion, 11% on an organic basis, beating the consensus of $4.83 billion. Sales by segments: HVAC $2.73 billion (+16.9% Y/Y), Refrigeration $1.09 billion (+14.9% Y/Y), and Fire & Security $1.43 billion (+2.4% Y/Y). The operating margin for the quarter was 9% compared to 27.1% a year ago. The Full story available on Benzinga.com

Carrier Global (CARR) +1.1% pre-market after beating Wall Street estimates for Q4 earnings and revenues, and issuing upbeat guidance for FY 2022.Q4 GAAP operating profit fell 63% to…

Carrier Global Corporation (CARR) CEO David Gitlin on Q4 2021 Results - Earnings Call Transcript

Carrier's (CARR) fourth-quarter results benefit from solid momentum across HVAC, transport refrigeration, and Fire and Security.

Carrier Global Corp. shares rose 1.3% premarket Tuesday, after the heating and cooling equipment maker beat estimates for the fourth quarter. Palm Beach, Fla.-based Carrier posted net income of $324 million, or 36 cents a share, for the quarter, down from $884 million, or $1.00 a share, in the year-earlier period. Adjusted per-share earnings came to 44 cents, ahead of the 39 cent FactSet consensus. Sales rose to $5.133 billion from $4.594 billion, also ahead the $4.817 billion FactSet consensus. "We are pleased with the divestiture of Chubb and the pending acquisition of Toshiba Carrier Corporation and we will work to proactively improve our portfolio," Chief Executive Dave Gitlin said in a statement. The company, which was spun out of the former United Technologies in April of 2020, said it now expects full-year adjusted EPS of $2.20 to $2.30 and sales of about $20 billion, excluding the Toshiba acquisition. The FactSet consensus is for EPS of $2.37 and sales of $19.3 billion. Shares have gained 15% in the last 12 months, matching the S&P 500''s gains.

David Gitlin, Carrier Global chairman and CEO, joins 'Squawk on the Street' to discuss the company's quarterly earnings results, how Carrier's deal with Toshiba will benefit the company and more.

Carrier Global press release (CARR): Q4 Non-GAAP EPS of $0.44 beats by $0.05.Revenue of $5.1B (+10.9% Y/Y) beats by $280M; including 11% organic growth.Net cash flow from

PALM BEACH GARDENS, Fla. , Feb. 8, 2022 /PRNewswire/ -- Carrier Global Corporation (NYSE: CARR ), the leading global provider of healthy, safe, sustainable and intelligent building and cold chain solutions, today reported strong financial results for the fourth quarter capping a full year 2021 that exceeded expectations. The Company projects solid organic growth and adjusted operating margin expansion in 2022 and is well-positioned with a strong balance sheet with significant capital to deploy towards continued value creation. "Our fourth quarter results, including double-digit sales and adjusted net income growth, as well as adjusted operating margin expansion, served as a great conclusion to a year marked by strong execution and innovation. I am very pleased with the strategic progress we made in 2021, including the launches of our global digital platforms for buildings and cold chain solutions, Abound and Lynx," said Carrier Chairman & CEO Dave Gitlin . "We will work to build on our strong momentum as we enter 2022 with record backlog levels.

Carrier Global (CARR) delivered earnings and revenue surprises of 15.79% and 7.42%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

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Carrier Global Corp  CARR reported fourth-quarter FY21 sales growth of 11.7% year-over-year to $5.13 billion, 11% on an organic basis, beating the consensus of $4.83 billion. Sales by segments: HVA

Carrier Global Corp (NYSE: CARR ) has agreed to acquire Toshiba Corp''s (OTC: TOSBF ) 55% stake in Toshiba Carrier Corporation (TCC), a variable refrigerant flow (VRF) and light commercial HVAC joint venture. The enterprise value for 55% of TCC shares is around ¥100 billion (~$870 million). Toshiba Carrier was established … Full story available on Benzinga.com

Carrier (CARR) says it agreed to acquire nearly all of Toshiba''s ([[TOSBF]], [[TOSYY]]) 60% stake in the Toshiba Carrier air conditioning joint venture for ~¥100B ($869M); the deal