The price of Carrier Global Corporation (NYSE: CARR) closed at $41.30 in the last session, down -0.51% from day before closing price of $41.51. In other words, the price has decreased by -$0.21 from its previous closing price. On the day, 6428317 shares were traded. CARR stock price reached its highest trading level at $41.59 during the session, while it also had its lowest trading level at $40.97.
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Ratios:
We take a closer look at CARR’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.42 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 29.95. For the most recent quarter (mrq), Quick Ratio is recorded 1.20 and its Current Ratio is at 1.70. In the meantime, Its Debt-to-Equity ratio is 1.09 whereas as Long-Term Debt/Eq ratio is at 1.07.
Upgrades & Downgrades
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Mar 02 when Villeneuve Nadia sold 20,538 shares for $45.45 per share. The transaction valued at 933,445 led to the insider holds 48,900 shares of the business.
Nelson Christopher John sold 213,353 shares of CARR for $9,665,446 on Feb 13. The President, HVAC now owns 97,285 shares after completing the transaction at $45.30 per share. On Feb 09, another insider, Crockett Kyle, who serves as the Vice President, Controller of the company, sold 10,433 shares for $45.85 each. As a result, the insider received 478,378 and left with 0 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CARR now has a Market Capitalization of 35.56B and an Enterprise Value of 41.57B. As of this moment, Carrier’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.00, and their Forward P/E ratio for the next fiscal year is 14.79. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.16. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.66 while its Price-to-Book (P/B) ratio in mrq is 4.24. Its current Enterprise Value per Revenue stands at 1.98 whereas that against EBITDA is 10.84.
Stock Price History:
Over the past 52 weeks, CARR has reached a high of $49.17, while it has fallen to a 52-week low of $33.10. The 50-Day Moving Average of the stock is 43.27, while the 200-Day Moving Average is calculated to be 42.23.
Shares Statistics:
According to the various share statistics, CARR traded on average about 5.76M shares per day over the past 3-months and 4.73M shares per day over the past 10 days. A total of 835.00M shares are outstanding, with a floating share count of 826.32M. Insiders hold about 0.10% of the company’s shares, while institutions hold 87.90% stake in the company. Shares short for CARR as of Apr 27, 2023 were 16.32M with a Short Ratio of 16.32M, compared to 12.13M on Mar 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 1.96% and a Short% of Float of 2.21%.
Dividends & Splits
The forward annual dividend rate for CARR is 0.74, which was 0.67 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 1.61%, it implies a Forward Annual Dividend Yield of 1.78%.
Earnings Estimates
The company has 18 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.77 for the current quarter, with a high estimate of $0.81 and a low estimate of $0.72, while EPS last year was $0.69. The consensus estimate for the next quarter is $0.79, with high estimates of $0.82 and low estimates of $0.74.
Analysts are recommending an EPS of between $2.65 and $2.48 for the fiscal current year, implying an average EPS of $2.58. EPS for the following year is $2.79, with 20 analysts recommending between $2.9 and $2.62.
Revenue Estimates
According to 16 analysts, the current quarter’s revenue is expected to be $5.83B. It ranges from a high estimate of $5.97B to a low estimate of $5.7B. As of the current estimate, Carrier Global Corporation’s year-ago sales were $5.21B, an estimated increase of 11.80% from the year-ago figure. For the next quarter, 15 analysts are estimating revenue of $5.83B, an increase of 7.20% less than the figure of $11.80% in the same quarter last year. There is a high estimate of $5.97B for the next quarter, whereas the lowest estimate is $5.49B.
A total of 21 analysts have provided revenue estimates for CARR’s current fiscal year. The highest revenue estimate was $22.63B, while the lowest revenue estimate was $21.57B, resulting in an average revenue estimate of $22.24B. In the same quarter a year ago, actual revenue was $20.42B, up 8.90% from the average estimate. Based on 20 analysts’ estimates, the company’s revenue will be $23.08B in the next fiscal year. The high estimate is $23.57B and the low estimate is $21.63B. The average revenue growth estimate for next year is up 3.80% from the average revenue estimate for this year.
