Otis Worldwide Corporation (OTIS)

NYSE: OTIS · IEX Real-Time Price · USD
94.96
-1.02 (-1.06%)
At close: Apr 17, 2024, 4:00 PM
95.34
+0.38 (0.40%)
Pre-market: Apr 18, 2024, 7:31 AM EDT
-1.06%
Market Cap 38.50B
Revenue (ttm) 14.21B
Net Income (ttm) 1.41B
Shares Out 405.46M
EPS (ttm) 3.39
PE Ratio 28.01
Forward PE 24.04
Dividend $1.36 (1.43%)
Ex-Dividend Date Feb 15, 2024
Volume 2,030,158
Open 96.62
Previous Close 95.98
Day's Range 94.46 - 96.36
52-Week Range 73.32 - 100.35
Beta 0.91
Analysts Hold
Price Target 92.50 (-2.59%)
Earnings Date Apr 24, 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]

Sector Industrials
Founded 1853
Employees 71,000
Stock Exchange NYSE
Ticker Symbol OTIS
Full Company Profile

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 Statements

Analyst Forecast

According to 9 analysts, the average rating for OTIS stock is "Hold." The 12-month stock price forecast is $92.5, which is a decrease of -2.59% from the latest price.

Price Target
$92.5
(-2.59% downside)
Analyst Consensus: Hold
Stock Forecasts

News

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.

8 days ago - PRNewsWire

Otis Wins Modernization Project and 10-Year Service Contract Extension for Burj Khalifa

Otis will modernize 34 elevators and eight escalators and maintain all units in the world-famous landmark   Otis installed the iconic building's original elevators and escalators in 2010 The Burj Khal...

6 weeks ago - PRNewsWire

Otis presents medium-term outlook driven by Service momentum at 2024 Investor Day; Expects to deliver >10% annualized EPS growth

Highlights accelerating portfolio growth with Service sales growing mid-single digits or higher, while gaining share in New Equipment Outlines medium-term outlook* with low to mid-single digit organic...

2 months ago - PRNewsWire

Otis Declares Quarterly Dividend of $0.34 per Share

FARMINGTON, Conn. , Feb. 1, 2024 /PRNewswire/ -- The Otis Worldwide Corporation (NYSE: OTIS) Board of Directors today declared a quarterly dividend of $0.34 per share of Otis' common stock.

2 months ago - PRNewsWire

OTIS REPORTS FOURTH QUARTER AND FULL YEAR 2023 RESULTS

Delivers strong fourth quarter and full year results; announces 2024 outlook with solid sales and earnings growth with continued Service momentum 4Q Net sales up 5.3% and organic sales up 3.8%; GAAP E...

2 months ago - PRNewsWire

Otis Fourth Quarter 2023 Earnings Advisory

FARMINGTON, Conn. , Jan. 10, 2024 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) will host a conference call on Wednesday, January 31, 2024, at 8:30 a.m.

3 months ago - PRNewsWire

Otis to Host 2024 Investor Day

FARMINGTON, Conn. , Nov. 29, 2023 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) will host its 2024 Investor Day on Thursday, February 15, 2024, in New York City.

5 months ago - PRNewsWire

Otis Commits to Setting Science-Based Targets to Reduce Greenhouse Gas Emissions

Submits Proposed Near-Term Targets to SBTi FARMINGTON, Conn. , Nov. 9, 2023 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) today announced its commitment to setting near-term science-based gr...

5 months ago - PRNewsWire

Otis CEO on interest rates: 'We've hit a level where people are questioning investment'

Otis Worldwide Corp (OTIS) posted its third-quarter earnings on Wednesday, reporting net sales of $3.5 billion, showing 5.2% organic growth. The company says it has remained resilient despite economic...

6 months ago - Yahoo Finance

OTIS REPORTS THIRD QUARTER 2023 RESULTS

Delivers organic sales and margin growth. Achieves high-teens adjusted EPS growth driven by continued Service momentum.

6 months ago - PRNewsWire

Tom Bartlett and Jill Brannon Appointed to Otis Worldwide Corporation Board of Directors

McGraw to Depart Otis Worldwide Corporation Board FARMINGTON, Conn. , Oct. 24, 2023 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS), the world's leading company for elevator and escalator manu...

6 months ago - PRNewsWire

Otis Third Quarter 2023 Earnings Advisory

FARMINGTON, Conn. , Oct. 11, 2023 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) will host a conference call on Wednesday, October 25, 2023, at 8:30 a.m.

6 months ago - PRNewsWire

Otis Earns EcoVadis Gold Sustainability Rating for Second Consecutive Year

FARMINGTON, Conn. , Oct. 5, 2023 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) earned a gold rating this year from EcoVadis, a global sustainability rating platform.

6 months ago - PRNewsWire

Otis Appoints Tracy Embree President, Otis Americas and Enrique Miñarro Viseras as President, Otis Europe, Middle East and Africa

Jim Cramer and Bernardo Calleja to retire in early 2024 FARMINGTON, Conn. , Sept. 28, 2023 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) announces the appointment of Tracy Embree as Presiden...

7 months ago - PRNewsWire

Here are the 13 stocks Jim Cramer is watching, including Eli Lilly, McDonald's

Here are some of the tickers on my radar for Thursday, Sept. 7, taken directly from my reporter's notebook.

7 months ago - CNBC

Students Set to Develop Ideas for Improved Access to Green Space

Otis' Made to Move Communities™ global competition brings much-needed attention to the health and wellbeing benefits of open spaces. FARMINGTON, Conn.

8 months ago - PRNewsWire

Otis CEO to Speak at Morgan Stanley Conference

FARMINGTON, Conn. , Sept. 1, 2023 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) Chair, CEO & President Judy Marks will participate in a fireside chat at the 11th annual Laguna conference hos...

8 months ago - PRNewsWire

Otis CEO Judy Marks goes one-on-one with Jim Cramer

Otis CEO Judy Marks sit down with 'Mad Money' host Jim Cramer to talk the company's service growth, lowering new equipment outlook and hitting a new 52-week high post earnings.

9 months ago - CNBC Television

OTIS REPORTS SECOND QUARTER 2023 RESULTS

Delivers high-single digit organic sales growth in both segments and mid-single digit adjusted EPS growth 2Q Net sales up 6.7% and organic sales up 9.5%. GAAP EPS up 18.4% and adjusted EPS up 7.0% 2Q ...

9 months ago - PRNewsWire

Otis Second Quarter 2023 Earnings Advisory

FARMINGTON, Conn. , July 12, 2023 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) will host a conference call on Wednesday, July 26, 2023, at 8:30 a.m.

10 months ago - PRNewsWire

Otis Unveils Connected Gen3 Core™ Elevator for North America

- Platform brings IoT connectivity, sustainability and passenger comfort to growing market segment FARMINGTON, Conn. , June 8, 2023 /PRNewswire/ -- Otis Worldwide Corp. (NYSE: OTIS), today introduces ...

11 months ago - PRNewsWire

Otis earnings: Despite choppy markets, we're ‘pleased with the results,' CEO says

Otis CEO Judy Marks joins Yahoo Finance Live to discuss quarterly earnings, declining Chinese orders, inflation, global economic development, and the outlook for Otis.

1 year ago - Yahoo Finance

OTIS REPORTS FIRST QUARTER 2023 RESULTS

Delivers solid first quarter results driven by mid-single digit organic Service growth and strong New Equipment orders performance 1Q Net sales down 2.0% and organic sales up 3.6%. GAAP EPS up 8.2% an...

1 year ago - PRNewsWire

Otis Announces 17.2 Percent Increase in Quarterly Dividend to $0.34 per Share

FARMINGTON, Conn. , April 25, 2023 /PRNewswire/ -- The Otis Worldwide Corporation (NYSE: OTIS) Board of Directors today declared a quarterly dividend of $0.34 per share of Otis' common stock, which re...

1 year ago - PRNewsWire

Climate Change Brings Students Together to Focus on Mobility Solutions for the Future

Winning schools earn grants as part of Made to Move Communities™  Global Student Challenge sponsored by Otis Worldwide. FARMINGTON, Conn.

1 year ago - PRNewsWire