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Otis Worldwide Corporation (OTIS)

NYSE: OTIS · IEX Real-Time Price · USD
84.10 0.69 (0.83%)
Oct 15, 2021 4:00 PM EDT - Market closed
Market Cap35.89B
Revenue (ttm)13.87B
Net Income (ttm)1.15B
Shares Out427.90M
EPS (ttm)2.65
PE Ratio31.76
Forward PE25.32
Dividend$0.84 (1.00%)
Ex-Dividend DateAug 19, 2021
Volume1,681,440
Open83.92
Previous Close83.41
Day's Range83.39 - 84.69
52-Week Range58.08 - 92.84
Betan/a
AnalystsBuy
Price Target94.00 (+11.8%)
Est. Earnings DateOct 25, 2021

About OTIS

Otis Worldwide Corporation manufactures, installs, and services 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. The Service segment performs maintenance and repair services, as well as modernization services to upgrade elevator...

IndustryMachinery
Founded1853
Employees69,000
Stock ExchangeNYSE
Ticker SymbolOTIS
Full Company Profile

Financial Performance

In 2020, Otis Worldwide's revenue was $12.76 billion, a decrease of -2.76% compared to the previous year's $13.12 billion. Earnings were $906.00 million, a decrease of -18.82%.

Financial Statements

Analyst Forecast

According to 12 analysts, the average rating for Otis Worldwide stock is "Buy." The 12-month stock price forecast is 94.00, which is an increase of 11.77% from the latest price.

Price Target
$94.00
(11.77% upside)
Analyst Consensus: Buy

News

My 3 Biggest Stock Market Predictions for October

What to look out for in a potentially tricky month for investors.

Other symbols:CATFDXMMMSHW
2 days ago - The Motley Fool

Otis Third Quarter 2021 Earnings Advisory

FARMINGTON, Conn., Oct. 8, 2021 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) will host a conference call on Monday, October 25, 2021, at 8:30 a.m.

1 week ago - PRNewsWire

Otis (OTIS) to Buy Remaining 49.99% Share in Zardoya Otis

Otis Worldwide (OTIS) announces a cash tender offer for acquiring the remaining interest in a Spain-based premier elevator business.

3 weeks ago - Zacks Investment Research

September Sell-Off: How to Navigate the Market

The slowdown in China's property markets might be good news for companies suffering soaring costs of raw materials in 2021.

Other symbols:CATITWMMMRIO
3 weeks ago - The Motley Fool

Otis To Buyout Interest In Zardoya Otis

Otis Worldwide Corp (NYSE: OTIS) announced a tender off for all of the shares it does not currently own in Zardoya Otis, S.A. for an offer price of €7.00 in cash.

3 weeks ago - Benzinga

Otis Announces Cash Tender Offer for Remaining 49.99% Interest in Zardoya Otis

FARMINGTON, Conn., Sept. 23, 2021 /PRNewswire/ -- Otis Worldwide Corporation ("Otis") (NYSE: OTIS), the world's leading elevator and escalator manufacturing, installation and service company, today anno...

3 weeks ago - PRNewsWire

Otis Worldwide: A Resilient, Market-Leading Blue Chip

The demand for vertical transportation systems such as lifts and escalators is rapidly increasing due to the growing population and increasing industrialization across the globe. As per Research & Marke...

1 month ago - GuruFocus

Otis CEO to speak at Morgan Stanley Virtual Conference

FARMINGTON, Conn., Aug. 30, 2021 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) President & CEO Judy Marks will participate in the virtual 9th annual Laguna conference hosted by Morgan Stanley ...

1 month ago - PRNewsWire

Why You Should Add Otis (OTIS) Stock to Your Portfolio

Solid 2021 view, focus on innovation and business combinations to aid Otis Worldwide (OTIS).

1 month ago - Zacks Investment Research

Otis Worldwide (OTIS) Up 2.4% Since Last Earnings Report: Can It Continue?

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

1 month ago - Zacks Investment Research

3 Reasons to Buy Otis Stock

The leading elevator company is firing on all cylinders right now.

1 month ago - The Motley Fool

Otis Worldwide (OTIS) Soars to 52-Week High, Time to Cash Out?

Otis Worldwide (OTIS) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

2 months ago - Zacks Investment Research

Otis Declares Quarterly Dividend of $0.24 per Share

FARMINGTON, Conn., July 29, 2021 /PRNewswire/ -- The Otis Worldwide Corporation (NYSE: OTIS) Board of Directors today declared a quarterly dividend of $0.24 per share of Otis' common stock.

2 months ago - PRNewsWire

Construction Stocks' Q2 Earnings on Jul 29: MLM, MAS & ASPN

The sector's Q2 results are likely to reflect the benefits from solid housing and R&R markets. High labor/material costs and tight supply might have been risks.

Other symbols:ASPNDHIMASMLMPHMUFPI
2 months ago - Zacks Investment Research

Elevator company Otis Worldwide CEO on Covid concerns: 'Elevators are safe'

Otis Worldwide CEO Judy Marks discussed Covid safety on elevators and how the company mitigates the spread of contagion on its products.

2 months ago - CNBC Television

Otis raises full-year outlook amid earnings beat

Myles Udland, Brian Sozzi, and Julie Hyman discuss Otis Worldwide Corp. beating on Q2 estimates due to a boost from new equipment orders and the company raising its full-year outlook.

2 months ago - Yahoo Finance

Otis Worldwide (OTIS) Q2 Earnings & Net Sales Beat, View Up

Higher sales growth and solid margin expansion in both the segments help Otis Worldwide (OTIS) to post better-than-expected Q2 results.

2 months ago - Zacks Investment Research

Otis Worldwide Beats Q2 Earnings Estimates, Raises FY21 Outlook

Otis Worldwide Corp (NYSE: OTIS) reported second-quarter net sales growth of 15.7% year-over-year to $3.70 billion, beating the consensus of $3.45 billion. Adjusted EPS of $0.79 topped the consensus of ...

2 months ago - Benzinga

Otis Worldwide (OTIS) Tops Q2 Earnings and Revenue Estimates

Otis Worldwide (OTIS) delivered earnings and revenue surprises of 11.27% and 7.08%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

2 months ago - Zacks Investment Research

Otis Worldwide: Q2 Earnings Insights

Shares of Otis Worldwide (NYSE:OTIS) remained unaffected after the company reported Q2 results. Quarterly Results Earnings per share increased 41.07% over the past year to $0.79, which beat the estimate...

2 months ago - Benzinga

Otis Reports Second Quarter 2021 Results

FARMINGTON, Conn., July 26, 2021 /PRNewswire/ -- Otis Worldwide Corporation (NYSE:OTIS) reported second quarter 2021 net sales of $3.7 billion with 15.4% organic growth.

2 months ago - PRNewsWire

Earnings Previews: Lockheed Martin, Otis Worldwide and More

Another week of June-quarter earnings results wraps up Friday morning, when we hear from American Express, Honeywell and Schlumberger.

Other symbols:LMTARLP
2 months ago - 24/7 Wall Street

7 Great Momentum Stocks to Buy Before July Ends

Momentum stocks turn the idea of "buy low, sell high" on its head. These seven stocks are on the rise and don't show signs of stopping.

Other symbols:CARRDUKEQRMRNARVISLI
2 months ago - InvestorPlace

Can Otis Worldwide (OTIS) Report Higher Earnings in Q2?

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

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) doesn't possess 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