Carrier Global Corp (NYSE: CARR) kicked off on Tuesday, down -2.45% from the previous trading day, before settling in for the closing price of $78.87. Over the past 52 weeks, CARR has traded in a range of $51.20-$83.32.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Industrials sector was 3.51%. While this was happening, its average annual earnings per share was recorded -7.48%. With a float of $837.38 million, this company’s outstanding shares have now reached $839.91 million.
Considering the fact that the conglomerate employs 53000 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 28.0%, operating margin of 10.74%, and the pretax margin is 21.66%.
Carrier Global Corp (CARR) Insider Activity
Our next focus will be how large-scale investors are participating in this stock of the Building Products & Equipment Industry. The insider ownership of Carrier Global Corp is 6.67%, while institutional ownership is 85.01%. The most recent insider transaction that took place on Nov 07 ’24, was worth 889,082. In this transaction VP, Controller & CAO of this company sold 11,647 shares at a rate of $76.34, taking the stock ownership to the 2,042 shares. Before that another transaction happened on Nov 06 ’24, when Company’s Senior VP & CLO sold 167,183 for $73.46, making the entire transaction worth $12,281,698. This insider now owns 46,083 shares in total.
Carrier Global Corp (CARR) Earnings and Forecasts
In the latest quarterly report, which was put into the public domain on 9/30/2024, the organization reported 0.53 earnings per share (EPS), higher than consensus estimate (set at 0.51) by 0.02. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.62 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -7.48% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 10.00% 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
Take a look at Carrier Global Corp’s (CARR) current performance indicators. Last quarter, stock had a quick ratio of 0.82. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.88. Likewise, its price to free cash flow for the trailing twelve months is 72.06.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.83, a number that is poised to hit 0.48 in the next quarter and is forecasted to reach 3.03 in one year’s time.
Technical Analysis of Carrier Global Corp (CARR)
Compared to the last year’s volume of 4.23 million, its volume of 6.31 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 84.45%. Additionally, its Average True Range was 1.71.
During the past 100 days, Carrier Global Corp’s (CARR) raw stochastic average was set at 71.14%, which indicates a significant increase from 64.12% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 22.92% in the past 14 days, which was lower than the 30.22% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $77.90, while its 200-day Moving Average is $66.54. Nevertheless, the first resistance level for the watch stands at $78.25 in the near term. At $79.55, the stock is likely to face the second major resistance level. The third major resistance level sits at $80.60. If the price goes on to break the first support level at $75.90, it is likely to go to the next support level at $74.85. Should the price break the second support level, the third support level stands at $73.55.
Carrier Global Corp (NYSE: CARR) Key Stats
The company with the Market Capitalisation of 69.03 billion has total of 897,227K Shares Outstanding. Its annual sales at the moment are 22,098 M in contrast with the sum of 1,349 M annual income. Company’s last quarter sales were recorded 5,984 M and last quarter income was 447,000 K.
