On Tuesday, Carrier Global Corp (NYSE: CARR) opened lower -1.51% from the last session, before settling in for the closing price of $81.38. Price fluctuations for CARR have ranged from $45.68 to $83.32 over the past 52 weeks.
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Annual sales at Industrials sector company grew by 3.51% over the past five years. Company’s average yearly earnings per share was noted 4.55% at the time writing. With a float of $842.91 million, this company’s outstanding shares have now reached $902.75 million.
Let’s look at the performance matrix of the company that is accounted for 53000 employees. In terms of profitability, gross margin is 28.88%, operating margin of 10.35%, and the pretax margin is 21.14%.
Carrier Global Corp (CARR) Insider Updates
A key investor’s attitude towards the stock of the Building Products & Equipment industry is another important factor to consider. The insider ownership of Carrier Global Corp is 6.63%, while institutional ownership is 84.98%. The most recent insider transaction that took place on Aug 28 ’24, was worth 7,200. Before that another transaction happened on Aug 08 ’24, when Company’s Senior VP, Strategy & Services sold 62,382 for $64.55, making the entire transaction worth $4,026,758. This insider now owns 103,066 shares in total.
Carrier Global Corp (CARR) Performance Highlights and Predictions
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted 0.89 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 0.79) by 0.1. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.55 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 4.55% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 9.00% during the next five years compared to -12.91% drop over the previous five years of trading.
Carrier Global Corp (NYSE: CARR) Trading Performance Indicators
Check out the current performance indicators for Carrier Global Corp (CARR). In the past quarter, the stock posted a quick ratio of 0.80. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.05. Likewise, its price to free cash flow for the trailing twelve months is 31.97.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.76, a number that is poised to hit 0.81 in the next quarter and is forecasted to reach 3.09 in one year’s time.
Technical Analysis of Carrier Global Corp (CARR)
Carrier Global Corp (NYSE: CARR) saw its 5-day average volume 2.79 million, a negative change from its year-to-date volume of 4.12 million. As of the previous 9 days, the stock’s Stochastic %D was 29.12%. Additionally, its Average True Range was 1.46.
During the past 100 days, Carrier Global Corp’s (CARR) raw stochastic average was set at 85.82%, which indicates a significant increase from 12.67% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 17.34% in the past 14 days, which was lower than the 26.88% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $75.81, while its 200-day Moving Average is $64.13. Nevertheless, the first resistance level for the watch stands at $81.00 in the near term. At $81.84, the stock is likely to face the second major resistance level. The third major resistance level sits at $82.39. If the price goes on to break the first support level at $79.61, it is likely to go to the next support level at $79.06. Assuming the price breaks the second support level, the third support level stands at $78.22.
Carrier Global Corp (NYSE: CARR) Key Stats
There are currently 901,012K shares outstanding in the company with a market cap of 72.36 billion. Presently, the company’s annual sales total 22,098 M according to its annual income of 1,349 M. Last quarter, the company’s sales amounted to 6,689 M and its income totaled 2,337 M.
