Otis Worldwide Corporation (OTIS)

NYSE: OTIS · IEX Real-Time Price · USD
70.86
+2.27 (3.31%)
Jun 24, 2022 4:00 PM EDT - Market closed
3.31%
Market Cap 29.96B
Revenue (ttm) 14.30B
Net Income (ttm) 1.25B
Shares Out 422.79M
EPS (ttm) 2.91
PE Ratio 24.35
Forward PE 21.37
Dividend $1.01 (1.43%)
Ex-Dividend Date May 19, 2022
Volume 3,453,527
Open 68.95
Previous Close 68.59
Day's Range 68.47 - 70.90
52-Week Range 66.97 - 92.84
Beta 0.70
Analysts Buy
Price Target 87.96 (+24.1%)
Earnings Date Jul 25, 2022

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...]

Industry Machinery
Founded 1853
Employees 70,000
Stock Exchange NYSE
Ticker Symbol OTIS
Full Company Profile

Financial Performance

In 2021, Otis Worldwide's revenue was $14.30 billion, an increase of 12.09% compared to the previous year's $12.76 billion. Earnings were $1.25 billion, an increase of 37.53%.

Financial Statements

Analyst Forecast

According to 22 analysts, the average rating for OTIS stock is "Buy." The 12-month stock price forecast is 87.96, which is an increase of 24.13% from the latest price.

Price Target
$87.96
(24.13% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Otis International Marketing Advisory

FARMINGTON, Conn. , June 12, 2022 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) Chair, CEO & President Judy Marks and CFO Rahul Ghai are meeting with international investors on Monday, June 13...

Otis (OTIS) Rides on Innovation Amid Russia-Ukraine Woes

Digital innovation and strong prospects benefit Otis (OTIS) despite the ongoing crisis in Ukraine.

MS Global Franchise Portfolio's Top 5 1st-Quarter Buys

The MS Global Franchise Portfolio (Trades, Portfolio), part of Morgan Stanley's ( MS , Financial) mutual funds, disclosed in a regulatory filing that its top five buys during the first quarter included ...

Other symbols: DHREFXMSNKE

Why Is Otis Worldwide (OTIS) Up 4.3% Since Last Earnings Report?

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

Zardoya Otis Delisted from Spanish Stock Exchanges

FARMINGTON, Conn. , May 9, 2022 /PRNewswire/ -- Otis Worldwide Corporation ("Otis") (NYSE: OTIS) executed the squeeze out provision to acquire the remaining interest in Zardoya Otis, S.A.

Otis CEO says company expects second quarter to be lighter in China due to Covid lockdowns

CNBC's Jim Cramer spoke with Otis Worldwide CEO Judy Marks on Monday's episode of "Mad Money."

Otis (OTIS) Beats on Earnings in Q1, Increases Dividend

Higher organic sales, margin improvement and a lower effective tax rate boost Otis Worldwide's (OTIS) Q1 earnings.

Elevator maker Otis Worldwide beats on earnings, misses on revenue

Yahoo Finance Live's Julie Hyman and Brian Sozzi discuss first quarter earnings for elevator maker Otis Worldwide.

Otis Worldwide Shares Gain Post Q1 Results

Otis Worldwide Corp (NYSE: OTIS) reported first-quarter FY22 sales growth of 0.2% year-over-year to $3.414 billion, +3.1% on an organic basis, missing the consensus of $3.43 billion. New Equipment sales...

Otis Worldwide (OTIS) Beats Q1 Earnings Estimates

Otis Worldwide (OTIS) delivered earnings and revenue surprises of 2.67% and 0.49%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

OTIS REPORTS FIRST QUARTER 2022 RESULTS

Delivers strong first quarter results including mid-single digit organic Service sales growth and high-single digit adjusted EPS growth 1Q Net sales up 0.2% and organic sales up 3.1% with GAAP EPS up 2....

Otis Announces a 20.8 Percent Increase in Quarterly Dividend to $0.29 per Share

FARMINGTON, Conn. , April 22, 2022 /PRNewswire/ -- The Otis Worldwide Corporation (NYSE: OTIS) Board of Directors today declared a quarterly dividend of $0.29 per share of Otis' common stock, which repr...

Can Otis Worldwide (OTIS) Report Higher Earnings in Q1?

Otis Worldwide (OTIS) is likely to have witnessed higher revenues and earnings in the Q1, given the recovery in end-markets served.

Otis Announces Winners of Made to Move Communities Challenge

- Students proposed creative mobility solutions for older populations - Otis mentors inspired the next generation of innovators across 14 countries and territories FARMINGTON, Conn., April 14, 2022 /PRN...

Otis First Quarter 2022 Earnings Advisory

FARMINGTON, Conn. , April 11, 2022 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) will host a conference call on Monday, April 25, 2022, at 8:30 a.m.

Otis Receives Results of Zardoya Tender Offer

FARMINGTON, Conn. , April 8, 2022 /PRNewswire/ -- Otis Worldwide Corporation ("Otis") (NYSE: OTIS) received the results of its voluntary public tender offer to acquire the remaining 49.98% interest in Z...

Why Investors Should Buy Otis Worldwide (OTIS) Stock Now

Consistent focus on innovative solutions and services as well as R&D to continue driving growth for Otis Worldwide (OTIS).

Otis Releases Inaugural Environmental, Social and Governance Report

- Report's ''Sustaining Connections" theme highlights how Otis builds connections that help people, societies and environments thrive -  FARMINGTON, Conn. , March 31, 2022 /PRNewswire/ -- Otis Worldwide...

Otis Worldwide (OTIS) Upgraded to Buy: What Does It Mean for the Stock?

Otis Worldwide (OTIS) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Otis Worldwide (OTIS) Down 7.1% Since Last Earnings Report: Can It Rebound?

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

Otis Receives CNMV Approval of Voluntary Public Tender Offer for Remaining Interest in Zardoya Otis

FARMINGTON, Conn., March 1, 2022 /PRNewswire/ -- Otis Worldwide Corp. (NYSE: OTIS) today announced it has received approval from the Spanish National Securities Exchange Commission ("CNMV") for the volu...

This ETF Holds Some of the Top Women-Led Companies

Various studies indicate that publicly traded companies having gender diversity in the C-suite and on the board can lead to better outcomes for investors. Along those lines, a strong case can be made th...

Other symbols: SHEYUMCNOC

Otis to Attend Barclays Industrial Select Conference

FARMINGTON, Conn. , Feb. 23, 2022 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) Chair & CEO Judy Marks and CFO Rahul Ghai are meeting with investors at the Barclays 39th Annual Industrial Sele...

Otis CEO discusses company outlook for growth, inflation and, labor agreements

Otis Worldwide Corporation CEO Judy Marks joins Yahoo Finance Live to discuss the building boom, trends driving elevator sales and upgrades, materials inflation, and labor agreements.

Otis Presents Value Creation Strategy at 2022 Investor Day

FARMINGTON, Conn., Feb. 15, 2022 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) is hosting its 2022 Investor Day virtually today, beginning at 9 a.m.