Why Carrier Global Stock Is Heading Higher Today [Yahoo! Finance]
Carrier Global Corporation (CARR)
Company Research
Source: Yahoo! Finance
ET after the company showed clear progress in its campaign to improve profitability. Earnings up in a tough sales environment Carrier earned $0.62 per share in the quarter, beating Wall Street's consensus estimate by $0.11, despite revenue that at $6.18 billion was about $100 million short of expectations. Strong cost controls led the way, helping Carrier to boost adjusted operating margins by 280 basis points compared to a year prior. "We continue to perform while transforming," CEO David Gitlin said in a statement. "We are focused on capitalizing on the long-term secular sustainability trends, outperforming the market, and achieving and accelerating revenue and cost synergies." Carrier also completed its deal for Viessmann Climate Solutions and outlined a plan to pay down its debt to a point where the company hopes to resume share repurchases before year's end. Is Carrier a buy after its earnings report? A wide range of industrial companies are reporting sluggish demand
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News
- Ocwen Financial Corporation (NYSE:OCN) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Carrier Global Co. (NYSE: CARR) had its price target raised by analysts at Robert W. Baird from $60.00 to $64.00. They now have a "neutral" rating on the stock.MarketBeat
- Carrier: Lots Of Promising Moving Parts [Seeking Alpha]Seeking Alpha
- Refrigerator & Freezer Market Projected to Reach $269.16 billion by 2030 - Exclusive Report by 360iResearch [Yahoo! Finance]Yahoo! Finance
- Carrier to Present at the Oppenheimer 19th Annual Industrial Growth ConferencePR Newswire
CARR
Earnings
- 4/25/24 - Beat
CARR
Sec Filings
- 5/1/24 - Form 4
- 4/29/24 - Form 144
- 4/25/24 - Form 10-Q
- CARR's page on the SEC website