Otis Worldwide Corporation (OTIS)
| Market Cap | 38.46B |
| Revenue (ttm) | 14.17B |
| Net Income (ttm) | 1.54B |
| Shares Out | 394.68M |
| EPS (ttm) | 3.83 |
| PE Ratio | 25.47 |
| Forward PE | 23.67 |
| Dividend | $1.68 (1.72%) |
| Ex-Dividend Date | May 16, 2025 |
| Volume | 1,411,067 |
| Open | 96.58 |
| Previous Close | 97.32 |
| Day's Range | 96.58 - 97.83 |
| 52-Week Range | 89.70 - 106.83 |
| Beta | 1.00 |
| Analysts | Hold |
| Price Target | 101.29 (+3.95%) |
| Earnings Date | Apr 23, 2025 |
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 through 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 ... [Read more]
Financial Performance
In 2024, Otis Worldwide's revenue was $14.26 billion, an increase of 0.37% compared to the previous year's $14.21 billion. Earnings were $1.65 billion, an increase of 17.00%.
Financial StatementsAnalyst Forecast
According to 8 analysts, the average rating for OTIS stock is "Hold." The 12-month stock price forecast is $101.29, which is an increase of 3.95% from the latest price.
News
Otis Worldwide: Valuation Has Reflected The Visible Headwinds
I am neutral on Otis Worldwide Corporation due to visible macro headwinds in China and the Americas impacting near-term revenue and margin trends. OTIS's latest earnings showed a slight decline in org...
Otis Worldwide CEO reveals plans to handling tariffs
Otis Worldwide chair, CEO and president Judy Marks discusses supply side options amid tariff talks on 'The Claman Countdown.'
Otis Worldwide Corporation (OTIS) Q1 2025 Earnings Call Transcript
Otis Worldwide Corporation (NYSE:OTIS) Q1 2025 Earnings Conference Call April 23, 2025 8:30 AM ET Company Participants Rob Quartaro - VP, IR Judy Marks - Chair, CEO and President Cristina Mendez - EV...
OTIS REPORTS FIRST QUARTER 2025 RESULTS
Otis delivers mid-single digit organic Service sales growth and strong Service operating profit margin expansion Service net sales up 1% with organic sales up 4% GAAP operating profit margin down 350 ...
Otis Announces 8 Percent Increase in Quarterly Dividend to $0.42 per Share
FARMINGTON, Conn. , April 22, 2025 /PRNewswire/ -- The Otis Worldwide Corporation (NYSE: OTIS) Board of Directors today declared a quarterly dividend of $0.42 per share of Otis' common stock, represen...
Otis First Quarter 2025 Earnings Advisory
FARMINGTON, Conn. , April 9, 2025 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) will host a conference call on Wednesday, April 23, 2025, at 8:30 a.m.
Otis Worldwide: Cautiously Optimistic Approaching Earnings (Rating Upgrade)
Upgrading Otis Worldwide to a Buy rating due to its defensive qualities and recent outperformance amid market volatility, reflecting investor confidence. Otis's service business, accounting for 85% of...
Trade Tracker: Josh Brown buys Otis Worldwide
Josh Brown, CEO of Ritholtz Wealth Management, joins CNBC's "Halftime Report" to explain why he's buying a stock in a sea of red.
Josh Brown's 'Best Stocks in the Market' list: RTX and Otis Worldwide
Josh Brown, CEO of Ritholtz Wealth Management, joins CNBC's "Halftime Report" to reveal two more names on his "Best Stocks in the Market" list.
Otis Declares Quarterly Dividend of $0.39 per Share
FARMINGTON, Conn. , Jan. 30, 2025 /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) Q4 2024 Earnings Call Transcript
Otis Worldwide Corporation (NYSE:OTIS) Q4 2024 Earnings Conference Call January 29, 2025 8:30 AM ET Company Participants Rob Quartaro - Vice President, Investor Relations Judy Marks - Chair, Chief Ex...
OTIS REPORTS FOURTH QUARTER AND FULL YEAR 2024 RESULTS
Otis delivers solid fourth quarter and full year results; announces 2025 outlook with sustained earnings growth driven by continued Service momentum Fourth quarter 2024 Net sales up 1.5% and organic s...
Otis Worldwide: A Boring Dividend Growth Stock I Just Bought (Rating Upgrade)
Otis Worldwide Corporation, despite international headwinds, shows resilience with projected net sales and EPS growth of 1.2% and 9% respectively, driven by strong financials and buybacks. The company...
Can The Magnificent 7 Maintain An Upbeat Earnings Season?
The Q4 earnings season continued on a positive note after big banks and other financials struck a bullish tone in the first two weeks of reporting. Highly anticipated reports from the Magnificent 7 wi...
U.S. Elevator Manufacturing Industry Market Report 2025, with Coverage of Schindler, Otis Worldwide, One and TK Elevator
Dublin, Jan. 27, 2025 (GLOBE NEWSWIRE) -- The "Elevator Manufacturing in the US - Industry Market Research Report" has been added to ResearchAndMarkets.com's offering.
Otis Authorizes $2 Billion for Share Repurchase
FARMINGTON, Conn. , Jan. 16, 2025 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) today announced that its Board of Directors has authorized the repurchase of $2 Billion of Common Stock under ...
Otis Fourth Quarter 2024 Earnings Advisory
FARMINGTON, Conn. , Jan. 8, 2025 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) will host a conference call on Wednesday, January 29, 2025, at 8:30 a.m.
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 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...