Otis Worldwide Corporation
(OTIS)
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96.79 USD +0.24
Closed: 17 May, 3:55 pm
Symbol OTIS
Market Cap 39.1B
Price 96.79
Open 96.80
52-wk High 100.35
50 Day Avg 96.53
Earnings Announcement 2024-07-24
Website https://www.otis.com
Name Otis Worldwide Corporation
Shares Outstanding 404,323,000
Change % 0.2382%
Low 96.15
52-wk Low 73.32
200 Day Avg 88.29
Last Dividend 1.56
Exchange NYSE
Volume 1,559,371
Previous Close 96.56
High 96.83
EPS 3.46
PE 27.97
Avg Volume 1,886,182
CUSIP 68902V107
Otis Worldwide Corporation Outlook
Description 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 escalators. It had a network of approximately 34,000 service mechanics operating approximately 1,400 branches and offices. The company was founded in 1853 and is headquartered in Farmington, Connecticut.
Currency USD
ISIN US68902V1070
Industry Industrial - Machinery
Changes 0.23
CUSIP 68902V107
Range 73.32 - 100.35
Beta 0.93
CIK 0001781335

Otis Worldwide Corporation News

07-May-2024 11:30 AM

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 regional winners in Otis' Made to Move Communities student challenge.

29-Apr-2024 12:26 PM

A Dive into Otis Worldwide (OTIS) International Revenue Trends and Forecasts

Examine Otis Worldwide's (OTIS) international revenue patterns and their implications on Wall Street's forecasts and the prospective trajectory of the stock.

24-Apr-2024 2:45 PM

OTIS Q1 Earnings Beat, Organic Sales Up, '24 View Raised

OTIS' first-quarter 2024 results reflect growth in organic sales, thanks to solid improvement trends in Service, accompanied by enhanced operational performance. This was partially offset by soft contributions from New Equipment.

24-Apr-2024 11:25 AM

Otis Worldwide Corporation (OTIS) Q1 2024 Earnings Call Transcript

Otis Worldwide Corporation (NYSE:OTIS ) Q1 2024 Earnings Conference Call April 24, 2024 8:30 AM ET Company Participants Michael Rednor - Senior Director, IR Judy Marks - Chair, CEO and President Anurag Maheshwari - EVP and CFO Conference Call Participants Rob Wertheimer - Melius Research Julian Mitchell - Barclays Nigel Coe - Wolfe Research Steve Tusa - JPMorgan Joseph O'Dea - Wells Fargo Nick Housden - RBC Capital Markets Miguel Borrega - Exane BNP Paribas Gautam Khanna - TD Cowen Operator Good morning and welcome to Otis' First Quarter 2024 Earnings Conference Call. This call is being carried live on the internet and recorded for replay.

24-Apr-2024 10:36 AM

Otis Worldwide (OTIS) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates

The headline numbers for Otis Worldwide (OTIS) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

24-Apr-2024 8:16 AM

Otis Worldwide (OTIS) Beats Q1 Earnings Estimates

Otis Worldwide (OTIS) came out with quarterly earnings of $0.88 per share, beating the Zacks Consensus Estimate of $0.87 per share. This compares to earnings of $0.80 per share a year ago.

24-Apr-2024 8:03 AM

A Repeat of 2022? 7 Defensive Stocks to Buy Before the Correction.

Are we headed for a repeat of 2022's brutal selloff? While no one can predict the future with certainty, current market trends are raising some ominous red flags.

24-Apr-2024 6:04 AM

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 6.5% 1Q GAAP EPS up 8.9% and adjusted EPS up 10.0% with GAAP operating profit margin expansion of 50 basis points and adjusted operating profit margin expansion of 80 basis points 1Q New Equipment orders down 10%, backlog down 2%, ~flat at constant currency 1Q Mod orders up 13%, backlog up 14%, up 15% at constant currency Maintenance portfolio units increased 4.1% 1Q GAAP cash flow from operations of $171 million; adjusted free cash flow of $155 million 1Q share repurchases of $300 million Updated full-year outlook1; increasing adjusted EPS to $3.83 to $3.90 and full year share repurchase target to $1 billion FARMINGTON, Conn. , April 24, 2024 /PRNewswire/ -- Otis Worldwide Corporation (NYSE:OTIS) reported first quarter 2024 net sales of $3.4 billion with 3.8% organic growth.

23-Apr-2024 4:15 PM

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, representing a 14.7% increase.

22-Apr-2024 2:01 PM

Otis Worldwide (OTIS) to Post Q1 Earnings: Factors to Note

Otis Worldwide's (OTIS) first-quarter 2024 performance is likely to have benefited from strong volume and favorable pricing. Yet, currency fluctuations are a concern.

22-Apr-2024 7:02 AM

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 Targets initiative (SBTi) has approved its near-term science-based greenhouse gas (GHG) emissions reduction targets.