Otis Worldwide Corporation (OTIS)

NYSE: OTIS · IEX Real-Time Price · USD
83.84
+0.71 (0.85%)
Mar 31, 2023, 1:00 PM EDT - Market open
0.85%
Market Cap 34.78B
Revenue (ttm) 13.69B
Net Income (ttm) 1.25B
Shares Out 414.87M
EPS (ttm) 2.96
PE Ratio 28.36
Forward PE 22.99
Dividend $1.16 (1.38%)
Ex-Dividend Date Feb 16, 2023
Volume 360,825
Open 83.59
Previous Close 83.13
Day's Range 83.40 - 84.07
52-Week Range 62.49 - 87.33
Beta 0.82
Analysts Buy
Price Target 86.19 (+2.8%)
Earnings Date Apr 24, 2023

About OTIS

Otis Worldwide Corporation manufactures, installs, and services 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. The Service segment performs maintenance and repair services, as well as modernization services to upgrade elevators and... [Read more]

Sector Industrials
Founded 1853
Employees 68,000
Stock Exchange NYSE
Ticker Symbol OTIS
Full Company Profile

Financial Performance

In 2022, Otis Worldwide's revenue was $13.69 billion, a decrease of -4.29% compared to the previous year's $14.30 billion. Earnings were $1.25 billion, an increase of 0.56%.

Financial Statements

Analyst Forecast

According to 22 analysts, the average rating for OTIS stock is "Buy." The 12-month stock price forecast is $86.19, which is an increase of 2.80% from the latest price.

Price Target
$86.19
(2.80% upside)
Analyst Consensus: Buy
Stock Forecasts

News

2 Stocks to Buy with Strong Economic Moats

Moats function to protect long term profits

Other symbols: DIS
2 weeks ago - Zacks Investment Research

Why Is Otis Worldwide (OTIS) Up 2.2% Since Last Earnings Report?

Otis Worldwide (OTIS) reported earnings 30 days ago. What's next for the stock?

3 weeks ago - Zacks Investment Research

Otis Appoints Sally Loh President, Otis China

She succeeds Perry Zheng who will assume a new executive leadership role at Otis World Headquarters FARMINGTON, Conn. , Feb. 27, 2023 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) announces ...

1 month ago - PRNewsWire

Our 7 Top Stock Picks From Crossing Wall Street's 2023 Buy List

Many investors may not have heard of Eddy Elfenbein, but he's worth paying attention to. Elfenbein runs an exchange-traded fund called Crossing Wall Street (NYSEARCA: CWS).Two things are interesting ...

Other symbols: BRCARRHEIHSYSLGNTREX
1 month ago - InvestorPlace

Otis Declares Quarterly Dividend of $0.29 per Share

FARMINGTON, Conn. , Feb. 2, 2023 /PRNewswire/ -- The Otis Worldwide Corporation (NYSE: OTIS) Board of Directors today declared a quarterly dividend of $0.29 per share of Otis' common stock.

2 months ago - PRNewsWire

Otis Worldwide CEO says the company doesn't see a recession in Europe

Cramer spoke with Otis Worldwide CEO Judy Marks on Wednesday.

2 months ago - CNBC Television

Otis (OTIS) Q4 Earnings & Sales Beat Estimates, Backlog Solid

Solid operational improvement and a lower share count boost Otis Worldwide's (OTIS) Q4 earnings.

2 months ago - Zacks Investment Research

Otis Worldwide (OTIS) Beats Q4 Earnings and Revenue Estimates

Otis Worldwide (OTIS) delivered earnings and revenue surprises of 2.74% and 3.77%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

2 months ago - Zacks Investment Research

Otis Worldwide Q4 profit and sales top estimates, offers upbeat guidance for 2023

Otis Worldwide Corp. OTIS, +1.57% posted stronger-than-expected fourth-quarter earnings on Wednesday, despite macro challenges it says are pressuring its business. The elevator and escalator manufactu...

2 months ago - Market Watch

OTIS REPORTS FOURTH QUARTER AND FULL YEAR 2022 RESULTS

Delivers MSD fourth quarter organic growth and strong Service operating profit margin expansion; announces 2023 outlook supported by solid New Equipment backlog and 4.1% maintenance portfolio growth 4...

2 months ago - PRNewsWire

Will Otis Worldwide (OTIS) Beat Estimates Again in Its Next Earnings Report?

Otis Worldwide (OTIS) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

2 months ago - Zacks Investment Research

Factors Setting the Tone for Otis Worldwide (OTIS) Q4 Earnings

Otis Worldwide's (OTIS) Q4 results are expected to reflect a solid backlog level, strong Service performance and cost containment despite the adverse impacts of inflation and currency headwinds.

2 months ago - Zacks Investment Research

Otis Worldwide (OTIS) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Otis Worldwide (OTIS) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

2 months ago - Zacks Investment Research

Here is How Otis (OTIS) is Poised for 2023 Amid Industry Woes

Digital innovation and operational improvement benefits Otis (OTIS) despite the headwind from foreign exchange translation.

2 months ago - Zacks Investment Research

Otis Fourth Quarter 2022 Earnings Advisory

FARMINGTON, Conn. , Jan. 11, 2023 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) will host a conference call on Wednesday, February 1, 2023, at 8:30 a.m.

2 months ago - PRNewsWire

Tesla is not alone: 18 (and a half) other big stocks are headed for their worst year on record

In the worst year for stocks since the Great Recession, several big names are headed for their worst year on record with just one trading day left in 2022.

3 months ago - Market Watch

Otis Florence Factory Receives Zero Waste to Landfill Certification

South Carolina factory becomes first in elevator industry to achieve milestone in TRUE program. FLORENCE, S.C.

3 months ago - PRNewsWire

Why Is Otis Worldwide (OTIS) Up 11.6% Since Last Earnings Report?

Otis Worldwide (OTIS) reported earnings 30 days ago. What's next for the stock?

4 months ago - Zacks Investment Research

Otis (OTIS) Q3 Earnings Beat, Increases Y/Y on Strong Margins

Solid operational improvement, a lower share count and the Zardoya transaction boost Otis Worldwide's (OTIS) Q3 earnings.

5 months ago - Zacks Investment Research

Otis Worldwide (OTIS) Q3 Earnings Surpass Estimates

Otis Worldwide (OTIS) delivered earnings and revenue surprises of 2.56% and 2.76%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

5 months ago - Zacks Investment Research

OTIS REPORTS THIRD QUARTER 2022 RESULTS

Delivers solid third quarter results driven by mid-single digit organic Service growth 3Q Net sales down 7.6% and organic sales up 0.8%. GAAP EPS ~flat and adjusted EPS up 5.3% 3Q New Equipment orders...

5 months ago - PRNewsWire

Nelda Connors Appointed to Otis Worldwide Board of Directors

FARMINGTON, Conn. , Oct. 24, 2022 /PRNewswire/ -- Otis Worldwide (NYSE: OTIS), the world's leading company for elevator and escalator manufacturing, installation and service, has appointed Nelda Conno...

5 months ago - PRNewsWire

Factors Setting the Tone for Otis Worldwide (OTIS) Q3 Earnings

Otis Worldwide's (OTIS) third-quarter results are expected to reflect the adverse impacts of inflation.

5 months ago - Zacks Investment Research

Otis Third Quarter 2022 Earnings Advisory

FARMINGTON, Conn. , Oct. 6, 2022 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) will host a conference call on Wednesday, October 26, 2022, at 8:30 a.m.

6 months ago - PRNewsWire

Students Tackle Climate Change Using STEM Skills

Made to Move Communities™ global challenge pairs local students with Otis volunteers to address one of the most significant issues of our time. FARMINGTON, Conn.

6 months ago - PRNewsWire