Otis Worldwide Corporation (OTIS)
| Market Cap | 38.87B |
| Revenue (ttm) | 14.30B |
| Net Income (ttm) | 1.43B |
| Shares Out | 404.32M |
| EPS (ttm) | 3.46 |
| PE Ratio | 27.78 |
| Forward PE | 31.34 |
| Dividend | $1.56 (1.62%) |
| Ex-Dividend Date | May 16, 2024 |
| Volume | 1,684,480 |
| Open | 94.57 |
| Previous Close | 94.52 |
| Day's Range | 94.55 - 96.18 |
| 52-Week Range | 73.32 - 100.35 |
| Beta | 0.93 |
| Analysts | Hold |
| Price Target | 97.43 (+1.35%) |
| 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]
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 StatementsAnalyst Forecast
According to 8 analysts, the average rating for OTIS stock is "Hold." The 12-month stock price forecast is $97.43, which is an increase of 1.35% from the latest price.
News
Students Innovate to Improve Access to Urban Green Space
Schools earn grants as part of Made to Move Communities™ Global Student Challenge, sponsored by Otis FARMINGTON, Conn. , May 7, 2024 /PRNewswire/ -- Four student teams from around the world are region...
OTIS REPORTS FIRST QUARTER 2024 RESULTS
Otis continues to deliver mid-single digit organic Service growth and strong margin expansion 1Q Net sales up 2.7% and organic sales up 3.8% driven by Service net sales up 5.8% with organic sales up 6...
Otis Announces 14.7 Percent Increase in Quarterly Dividend to $0.39 per Share
FARMINGTON, Conn. , April 23, 2024 /PRNewswire/ -- The Otis Worldwide Corporation (NYSE: OTIS) Board of Directors today declared a quarterly dividend of $0.39 per share of Otis' common stock, represen...
Science Based Targets initiative Approves Otis Targets for Reducing Greenhouse Gas Emissions
FARMINGTON, Conn. , April 22, 2024 /PRNewswire/ -- Otis (NYSE: OTIS), the world's leading elevator and escalator manufacturing, installation and service company, announced that the Science Based Targe...
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.
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...
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...
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.
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...
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.
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.
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...
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...
OTIS REPORTS THIRD QUARTER 2023 RESULTS
Delivers organic sales and margin growth. Achieves high-teens adjusted EPS growth driven by continued Service momentum.
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...
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.
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.
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...
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.
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...
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.
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 ...
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.
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 ...