Otis Worldwide Corporation (OTIS)
| Market Cap | 40.95B |
| Revenue (ttm) | 14.21B |
| Net Income (ttm) | 1.63B |
| Shares Out | 399.46M |
| EPS (ttm) | 4.02 |
| PE Ratio | 25.53 |
| Forward PE | 25.43 |
| Dividend | $1.56 (1.52%) |
| Ex-Dividend Date | Nov 15, 2024 |
| Volume | 1,373,381 |
| Open | 102.08 |
| Previous Close | 101.97 |
| Day's Range | 101.71 - 103.01 |
| 52-Week Range | 83.99 - 106.33 |
| Beta | 0.94 |
| Analysts | Hold |
| Price Target | 105.83 (+3.23%) |
| Earnings Date | Oct 30, 2024 |
About OTIS
Otis Worldwide Corporation engages in manufacturing, installation, and servicing of elevators and escalators in the United States, China, and internationally. The company operates in two segments, New Equipment and Service. The New Equipment segment designs, manufactures, sells, and installs a range of passenger and freight elevators, as well as escalators and moving walkways for residential and commercial buildings, and infrastructure projects. This segment serves real-estate and building developers, and general contractors. It sells its produ... [Read more]
Financial Performance
In 2023, Otis Worldwide's revenue was $14.21 billion, an increase of 3.83% compared to the previous year's $13.69 billion. Earnings were $1.41 billion, an increase of 12.21%.
Financial StatementsAnalyst Forecast
According to 8 analysts, the average rating for OTIS stock is "Hold." The 12-month stock price forecast is $105.83, which is an increase of 3.23% from the latest price.
News
Otis Worldwide: Strong Business And Dividend Growth, But Weak Momentum
Otis Worldwide is a market leader with high-margin recurring revenue and a strong economic moat but faces headwinds in the Chinese market, while trading at a premium valuation. The company's rich hist...
Otis Declares Quarterly Dividend of $0.39 per Share
FARMINGTON, Conn. , Oct. 31, 2024 /PRNewswire/ -- The Otis Worldwide Corporation (NYSE: OTIS) Board of Directors today declared a quarterly dividend of $0.39 per share of Otis' common stock.
Otis Worldwide Corporation (OTIS) Q3 2024 Earnings Call Transcript
Otis Worldwide Corporation (NYSE:OTIS) Q3 2024 Earnings Call Transcript October 30, 2024 8:30 AM ET Company Participants Michael Rednor - Senior Vice President of Investor Relations Judy Marks - Chai...
OTIS REPORTS THIRD QUARTER 2024 RESULTS
Otis delivers continued strong Service performance with high single digit Service sales growth GAAP EPS up 47.3% and adjusted EPS up 1.1% Service net sales up 7.2% and Service organic sales up 7.7% Ma...
Otis Worldwide: Shares Are Rising Too High As Earnings Near
Otis Worldwide operates in over 200 countries, manufacturing, installing, and servicing elevators and escalators, with a strong physical presence in 70 countries. After rising significantly as revenue...
Otis Shares On The Rise As Market Tailwinds Lift New Equipment Prospects
Otis Worldwide Corporation's share price increased over 160% since its spin-off. Potential for a further increase due to market tailwinds, including China's $325 billion stimulus and FED's interest ra...
Otis Third Quarter 2024 Earnings Advisory
FARMINGTON, Conn. , Oct. 9, 2024 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) will host a conference call on Wednesday, October 30, 2024, at 8:30 a.m.
Wolfe Research downgrades Otis: is the elevator stock heading down?
On October 8, shares of Otis Worldwide Corp (NYSE: OTIS) fell by 4% in early trading after Wolfe Research downgraded the stock from ‘outperform' to ‘peer perform'. The elevator and escalator manufactu...
Dividend Stocks With Strong Q4 Seasonality
Entering October is the strongest period of the year for three-month returns, and shorter-term returns are also some of the best. Here we take a look at 30 dividend stocks in the S&P 500 that have bee...
Assessment of Otis Worldwide's Digital Transformation Strategies and Innovation Programs, 2024: Includes Details of Estimated ICT Budgets and Major ICT Contracts
Dublin, Oct. 01, 2024 (GLOBE NEWSWIRE) -- The "Enterprise Tech Ecosystem Series: Otis Worldwide Corp 2024" company profile has been added to ResearchAndMarkets.com's offering.
Students to Develop Urban Mobility Solutions Using AI
In Otis' Made to Move Communities™ global competition, students will apply Artificial Intelligence to enable more inclusive and sustainable mobility solutions. FARMINGTON, Conn.
Otis CEO to Speak at Morgan Stanley Conference
FARMINGTON, Conn. , Sept. 3, 2024 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) Chair, CEO & President Judy Marks will participate in a fireside chat at the 12th annual Laguna conference hos...
Otis Worldwide: Exceptional Business, But We Have To Reinvest Its Cash Flows
Otis Worldwide Corporation is a pure-play elevator and escalator business, with operations in new equipment and service segments. The company enjoys superb economic characteristics even at its large s...
Otis: Calling It Again - Return To All-Time High Likely
Otis is trading at a discount of c.5.1% today, with potential upside of 10.3% in the next 12-18 months. The dip after its Q2 earnings release is unwarranted. The industry is facing New Equipment headw...
Otis Worldwide Corporation (OTIS) Q2 2024 Earnings Call Transcript
Otis Worldwide Corporation (NYSE:OTIS) Q2 2024 Earnings Conference Call July 24, 2024 8:30 AM ET Company Participants Michael Rednor - Senior Director, IR Judith Marks - Chair, CEO & President Anurag...
OTIS REPORTS SECOND QUARTER 2024 RESULTS
Otis delivers continued strong Service performance leading to mid-teens EPS growth GAAP EPS up 13.3% and adjusted EPS up 15.2% with continued margin expansion Service net sales up 3.0% and Service org...
Otis Appoints Cristina Méndez Executive Vice President & Chief Financial Officer
She succeeds Anurag Maheshwari to lead financial activities at Otis FARMINGTON, Conn. , July 19, 2024 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) announces the appointment of Cristina Ménd...
Otis Second Quarter 2024 Earnings Advisory
FARMINGTON, Conn. , July 10, 2024 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) will host a conference call on Wednesday, July 24, 2024, at 8:30 a.m.
Otis Publishes 2023 ESG Report
Reinforces commitment to ESG in support of its business strategy FARMINGTON, Conn. , June 12, 2024 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) published its 2023 ESG Report, describing its...
Students Innovate to Improve Access to Urban Green Space
Schools earn grants as part of Made to Move Communities™ Global Student Challenge, sponsored by Otis FARMINGTON, Conn. , May 7, 2024 /PRNewswire/ -- Four student teams from around the world are region...
Otis Worldwide Corporation (OTIS) Q1 2024 Earnings Call Transcript
Otis Worldwide Corporation (NYSE:OTIS) Q1 2024 Earnings Conference Call April 24, 2024 8:30 AM ET Company Participants Michael Rednor - Senior Director, IR Judy Marks - Chair, CEO and President Anura...
OTIS REPORTS FIRST QUARTER 2024 RESULTS
Otis continues to deliver mid-single digit organic Service growth and strong margin expansion 1Q Net sales up 2.7% and organic sales up 3.8% driven by Service net sales up 5.8% with organic sales up 6...
Otis Announces 14.7 Percent Increase in Quarterly Dividend to $0.39 per Share
FARMINGTON, Conn. , April 23, 2024 /PRNewswire/ -- The Otis Worldwide Corporation (NYSE: OTIS) Board of Directors today declared a quarterly dividend of $0.39 per share of Otis' common stock, represen...
Science Based Targets initiative Approves Otis Targets for Reducing Greenhouse Gas Emissions
FARMINGTON, Conn. , April 22, 2024 /PRNewswire/ -- Otis (NYSE: OTIS), the world's leading elevator and escalator manufacturing, installation and service company, announced that the Science Based Targe...
Otis First Quarter 2024 Earnings Advisory
FARMINGTON, Conn. , April 10, 2024 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) will host a conference call on Wednesday, April 24, 2024, at 8:30 a.m.