Latest news with #CarrierGlobal
Yahoo
20 hours ago
- Business
- Yahoo
Is Wall Street Bullish or Bearish on Carrier Global Stock?
With a market cap of $56.2 billion, Carrier Global Corporation (CARR) is a leading global provider of innovative heating, ventilation, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies. Headquartered in Florida, the company offers a broad portfolio of products, services, and digital solutions designed to enhance energy efficiency, safety, and sustainability in residential, commercial, and industrial applications worldwide. Shares of the company have struggled to keep up with the broader market over the past 52 weeks, rising 2.4%, while the broader S&P 500 Index ($SPX) has rallied 20.1%. Additionally, shares of Carrier Global are down 3.3% on a YTD basis, compared to the SPX's 8.6% rise. More News from Barchart 'It Will Be the Biggest Product Ever': Elon Musk Says Tesla's Optimus Robots Will Be Bigger Than Even Robotaxi Dear Archer Aviation Stock Fans, Mark Your Calendars for August 11 This Hidden-Gem AI Stock Has a Major Catalyst Coming on August 11 Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. Focusing more closely, Carrier Global has also underperformed the Industrial Select Sector SPDR Fund's (XLI) 21.4% return over the past 52 weeks and 14.5% rise in 2025. On Jul. 29, Carrier Global posted its Q2 2025 earnings, and its shares tumbled 10.6%. It delivered $6.11 billion in net sales, reflecting a 3% increase year-over-year and 6% organic growth. Its adjusted EPS rose 26% to $0.92, and adjusted operating margin climbed 130 basis points to 19.1%. The company generated $649 million in operating cash flow and $568 million in free cash flow, For the fiscal year ending in December 2025, analysts expect CARR's EPS to grow nearly 18.4% year-over-year to $3.03. The company's earnings surprise history is promising. It topped the consensus estimates in the last four quarters. Among the 23 analysts covering the stock, the consensus rating is a 'Moderate Buy.' That's based on 13 'Strong Buy' ratings, one 'Moderate Buy,' and nine 'Holds.' This configuration is more bearish than a month ago, with 14 'Strong Buy' ratings on the stock. On Aug. 8, Morgan Stanley (MS) analyst Chris Snyder maintained an 'Equal-Weight' rating on Carrier Global but lowered the price target from $78 to $75. The mean price target of $84.19 implies a premium of 27.5% from CARR's current price levels. Also, the Street-high target of $100 indicates a potential upside of 51.4% from the prevailing market prices. On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Yahoo
03-08-2025
- Business
- Yahoo
Carrier Global Corporation (CARR) Delivered A Good Quarter, Says Jim Cramer
We recently published . Carrier Global Corporation (NYSE:CARR) is one of the stocks Jim Cramer recently discussed. Carrier Global Corporation (NYSE:CARR) is a building products company whose shares are up by 1.3% year-to-date after a massive 14.9% drop in July after its second quarter earnings report. Even though the firm met analyst revenue and EPS estimates for the quarter, the stock fell with weakness in the US residential market and H2 guidance being potential factors. Cramer discussed Carrier Global Corporation (NYSE:CARR)'s earnings: 'Just to tell you how hard it is when you're trying to figure out these quarters. Dave Gitlin, who has done a remarkable job at Carrier, which is a spinoff, the RTX spinoff, I thought delivered a very good quarter. Sales up 6%, earnings up 26%, aftermarket up 13%. Data center on track to double this year to one billion. Free cash flow is strong. They raised their first quarter but they kept their full year guidance unchanged. And that's the kiss of death in this market so you see what's happening there.' Moon Light PhotoStudio/ Here's what the CNBC TV host previously said about Carrier Global Corporation (NYSE:CARR): 'See that behind me? Carrier, that was good. . . it had Carrier a second ago. Yeah, David Gitlin did a really good job, a lot of people were doubting. Forget that, it's the doubters are being silenced today.' While we acknowledge the potential of CARR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
31-07-2025
- Business
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Top Stock Movers Now: Carrier, Whirlpool, Corning, and More
Key Takeaways U.S. equities were lower at midday with some corporate earnings reports missing estimates and ahead of tomorrow's Fed decision on interest rates. Concerns about residential HVAC demand sent shares of Carrier Global down. Waste Management beat profit and sales forecasts, with the results boosted by the waste hauler's acquisition of Stericycle.U.S. equities were lower at midday on some soft corporate earnings reports and expectations about this week's decision on interest rates from the Federal Reserve. The Dow Jones Industrial Average, S&P 500, and Nasdaq were all down. Shares of air conditioner and heating systems giant Carrier Global (CARR) dropped on concerns about soft residential HVAC demand. Whirlpool (WHR) shares slid when the major appliances manufacturer missed profit and sales estimates, reduced its guidance, and recommended cutting its dividend on falling consumer sentiment. Shares sank for Royal Caribbean Group (RCL) after the cruise line operator's current-quarter guidance missed estimates because of higher costs for its newest ship. Corning (GLW) was the best-performing stock in the S&P 500 when the manufacturer of fiber optic glass posted better-than-expected results on soaring demand for products for use in artificial intelligence (AI) applications. Demand for AI chips helped boost revenue at electronic automation toolmaker Cadence Design Systems (CDNS). The firm also raised its guidance, and shares rose. Waste Management (WM) shares advanced when the garbage and recycling hauler beat earnings and revenue forecasts, as it benefited from the acquisition of Stericycle. Oil and gold futures gained. The yield on the 10-year Treasury note fell. The U.S. dollar was up on the euro, pound, and yen. Prices for most major cryptocurrencies were lower. Read the original article on Investopedia Sign in to access your portfolio
Yahoo
30-07-2025
- Business
- Yahoo
Carrier Global (CARR) Declines 10.6% on Earnings Drop
We recently published . Carrier Global Corporation (NYSE:CARR) is one of the worst-performing stocks on Tuesday. Carrier Global declined by 10.61 percent on Tuesday to close at $71.67 apiece as investors soured on the company's dismal earnings performance in the second quarter of the year. During the period, Carrier Global Corporation (NYSE:CARR) said net income attributable to shareholders fell by 75 percent to $591 million from $2.337 billion in the same period last year, while total net sales inched up by 3 percent to $6.113 billion from $5.934 billion in the same period last year. Copyright: alexmit / 123RF Stock Photo In the first six months of the year, net income attributable to shareholders declined by 61 percent to $1 billion from $2.6 billion year-on-year. Total net sales ended flat at $11.3 billion. Despite the figures, Carrier Global Corporation (NYSE:CARR) maintained its full-year guidance of around $23 billion in sales, adjusted operating margin of 16.5-17 percent, as well as adjusted earnings per share of $3 to $3.10, or a year-on-year growth of 17-21 percent. While we acknowledge the potential of CARR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
30-07-2025
- Business
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"AI Won't Stop Your Water Heater From Leaking" : Lowe's CEO Says Skilled Trades Are Gen Z's Job Security Hack
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Lowe's Companies (NYSE:LOW) CEO Marvin Ellison says generative AI won't eliminate all jobs — especially those in skilled trades and customer-facing roles. He recently argued at a business gathering that "manual and customer-facing less likely to be replaced by AI." He emphasized frontline resilience: "AI won't stop your water heater from leaking. It isn't going to respond to an electrical issue in your home," illustrating the limits of automation. Skilled Trades Beat The Robots "It's not going to respond to an electrical issue in your home," Ellison said in June at the Business Roundtable CEO Workforce Forum. He urged early-career workers to "stay as close to the cash register as you can — stay close to the customers." The point was clear: When a pipe bursts, human skill still matters more than artificial intelligence. Don't Miss: 7,000+ investors have joined Timeplast's mission to eliminate microplastics—now it's your turn to $100k+ in investable assets? – no cost, no obligation. To address that challenge, the Business Roundtable named Ellison and Carrier Global (NYSE:CARR) CEO David Gitlin as co-chairs of a skilled trades initiative unveiled in June. The plan shares training playbooks and K-12 outreach across 150 companies, tackling a talent gap that leaves about 20 openings for each qualified welder, plumber, or line worker. Numbers Signal A Shortfall Federal data backs him up. The Bureau of Labor Statistics projects employment for electricians to jump 11% between 2023 and 2033. Plumbers and roofers each log 6% growth, while construction laborers rise 7%. The agency estimates about 80,200 electrician openings each year, driven largely by retirements — proof that machines still need power and pipes. Trending: Accredited Investors: Grab Pre-IPO Shares of the AI Company Powering Hasbro, Sephora & MGM— Demand is already spilling into entry-level hiring. LinkedIn's "Grad Guide 2025: The Jobs, Industries and Cities on the Rise for New Grads," shows construction, utilities, and oil, gas and mining leading growth for new bachelor's graduates. Between 2022 to 2032, a McKinsey analysis finds that annual hiring for essential skilled roles will need to be more than 20 times the projected annual increase in net new jobs — a churn rate no chatbot can solve alone. New Money, New Pipeline Corporate checks are arriving. The Lowe's Foundation earmarked $50 million in Gable Grants to prepare 50,000 tradespeople by 2027, saying the funding "is vital to address America's workforce shortage." Business Roundtable firms plan to pair that cash with shared curricula and community college partnerships to match supply with demand, in an update to its 2018 Workforce Partnership AI's trajectory remains contested. Anthropic CEO Dario Amodei in May that the technology could erase 50% of entry‑level office roles and push unemployment to between 10% and 20%. "We have yet to see any evidence of mass replacement," Brad Lightcap, chief operating officer of OpenAI, said on the "Hard Fork" podcast. Meanwhile, BlackRock Inc. (NYSE:BLK) CEO Larry Fink said at CERAWeek in March that the U.S. could "run out of electricians," underscoring a gap robots cannot fill. Read Next: Many are using retirement income calculators to check if they're on pace — Image: Shutterstock This article "AI Won't Stop Your Water Heater From Leaking" : Lowe's CEO Says Skilled Trades Are Gen Z's Job Security Hack originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
