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

Carrier Global (NYSE:CARR) updated its FY 2026 earnings guidance on Thursday. The company provided earnings per share guidance of 2.800-2.800 for the period, compared to the consensus earnings per share estimate of 2.870. The company issued revenue guidance of $22.0 billion-$22.0 billion, compared to the consensus revenue estimate of $22.5 billion.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CARR. Robert W. Baird increased their price objective on Carrier Global from $66.00 to $72.00 and gave the company an “outperform” rating in a report on Friday. JPMorgan Chase & Co. boosted their price objective on shares of Carrier Global from $60.00 to $63.00 and gave the stock a “neutral” rating in a research note on Friday, January 16th. Oppenheimer reiterated a “market perform” rating on shares of Carrier Global in a research note on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft dropped their price objective on Carrier Global from $70.00 to $64.00 and set a “hold” rating on the stock in a research note on Wednesday, October 29th. Finally, Morgan Stanley set a $55.00 target price on Carrier Global in a research note on Thursday, January 8th. Ten research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $70.44.

Carrier Global Trading Up 2.6%

Shares of Carrier Global stock opened at $64.72 on Friday. The company has a market capitalization of $54.51 billion, a P/E ratio of 14.53, a price-to-earnings-growth ratio of 2.55 and a beta of 1.33. The stock has a fifty day simple moving average of $55.25 and a 200 day simple moving average of $59.52. Carrier Global has a 12-month low of $50.24 and a 12-month high of $81.09. The company has a current ratio of 1.14, a quick ratio of 0.75 and a debt-to-equity ratio of 0.76.

Carrier Global (NYSE:CARR) last posted its quarterly earnings data on Thursday, February 5th. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). The firm had revenue of $4.84 billion for the quarter, compared to analysts’ expectations of $5.05 billion. Carrier Global had a return on equity of 16.65% and a net margin of 18.05%.Carrier Global’s revenue was down 6.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.54 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, sell-side analysts anticipate that Carrier Global will post 2.99 earnings per share for the current fiscal year.

Carrier Global Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 9th. Stockholders of record on Tuesday, January 20th will be issued a $0.24 dividend. This is a boost from Carrier Global’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Tuesday, January 20th. Carrier Global’s dividend payout ratio is currently 21.48%.

Carrier Global announced that its Board of Directors has approved a share buyback plan on Tuesday, October 28th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the company to repurchase up to 10.1% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

Key Headlines Impacting Carrier Global

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

• Positive Sentiment: Management forecasted very strong data‑center revenue growth (~50% for 2026), highlighting momentum in non‑residential segments that could drive higher margins and aftermarket sales going forward. Carrier outlines 50% data center revenue growth for 2026
• Positive Sentiment: Carrier reported strong cash generation and shareholder returns: ~$1.04B operating cash flow, ~$909M free cash flow in 4Q/2025 and roughly $3.7B returned to shareholders in 2025 (dividends + ~$2.9B in buybacks), supporting EPS through buybacks. Carrier Reports 2025 Results and Announces 2026 Outlook
• Neutral Sentiment: Some analysts urge caution on the residential outlook but argue Carrier remains a buy based on aftermarket and data‑center strength and expected margin expansion — this is a mixed, longer‑term view versus the near‑term miss. Carrier: Don’t Get Carried Away By Gloomy Residential Forecast
• Negative Sentiment: Q4 results missed estimates: GAAP/adjusted EPS of $0.34 vs. consensus ~$0.36 and revenue of ~$4.84B vs. ~$5.05B expected. Revenue and EPS fell year‑over‑year, reflecting weaker North American residential demand. Carrier Global shares slide after Q4 earnings and revenue miss forecasts
• Negative Sentiment: FY‑2026 guidance came in below Street forecasts: EPS guidance of $2.80 (company range 2.80–2.80) vs. consensus ~2.87 and revenue guidance ~$22.0B vs. ~$22.5B expected — Reuters and others flag this as the main driver of the stock weakness. Carrier Global forecasts 2026 profit below estimates on weak residential HVAC demand

Institutional Investors Weigh In On Carrier Global

Several institutional investors have recently bought and sold shares of the stock. Brighton Jones LLC increased its stake in shares of Carrier Global by 30.3% in the 4th quarter. Brighton Jones LLC now owns 7,958 shares of the company’s stock worth $543,000 after acquiring an additional 1,850 shares in the last quarter. AQR Capital Management LLC raised its holdings in Carrier Global by 51.5% in the first quarter. AQR Capital Management LLC now owns 68,225 shares of the company’s stock worth $4,236,000 after buying an additional 23,200 shares during the last quarter. United Bank lifted its stake in shares of Carrier Global by 41.2% in the second quarter. United Bank now owns 16,991 shares of the company’s stock worth $1,244,000 after buying an additional 4,956 shares in the last quarter. Schnieders Capital Management LLC. grew its holdings in shares of Carrier Global by 33.7% during the second quarter. Schnieders Capital Management LLC. now owns 16,967 shares of the company’s stock valued at $1,242,000 after buying an additional 4,277 shares during the last quarter. Finally, Guggenheim Capital LLC increased its position in shares of Carrier Global by 6.0% during the second quarter. Guggenheim Capital LLC now owns 9,903 shares of the company’s stock valued at $725,000 after acquiring an additional 561 shares in the last quarter. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

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.