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Stock market today: Asian stocks follow Wall St up after strong US jobs report
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S&P 500   4,282.37
DOW   33,762.76
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Saudi Arabia is slashing oil supply. It could mean higher gas prices for US drivers
WARNING: Do You Invest with these Banks (Ad)
US, UK navies say they responded to distress call as Iran's Revolutionary Guard 'harassed' ship
Greek authorities rescue 91 migrants from river islet on border with Turkey
“Amazon Loophole” could hand you $28,544 in “royalty” payouts (Ad)
Chuck Todd says he's leaving 'Meet the Press' after a tumultuous near-decade moderating the NBC political panel show
Apple is expected to unveil a sleek, pricey headset. Is it the device VR has been looking for?
Lithium Has Boomed And This American Stock Is Ready.. (Ad)
Stock market today: Asian stocks follow Wall St up after strong US jobs report
Saudi Arabia to reduce oil output by 1 million barrels per day, while rest of OPEC+ extends previous cuts through 2024
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
Saudi Arabia is slashing oil supply. It could mean higher gas prices for US drivers
WARNING: Do You Invest with these Banks (Ad)
US, UK navies say they responded to distress call as Iran's Revolutionary Guard 'harassed' ship
Greek authorities rescue 91 migrants from river islet on border with Turkey
“Amazon Loophole” could hand you $28,544 in “royalty” payouts (Ad)
Chuck Todd says he's leaving 'Meet the Press' after a tumultuous near-decade moderating the NBC political panel show
Apple is expected to unveil a sleek, pricey headset. Is it the device VR has been looking for?
Lithium Has Boomed And This American Stock Is Ready.. (Ad)
Stock market today: Asian stocks follow Wall St up after strong US jobs report
Saudi Arabia to reduce oil output by 1 million barrels per day, while rest of OPEC+ extends previous cuts through 2024
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
Saudi Arabia is slashing oil supply. It could mean higher gas prices for US drivers
WARNING: Do You Invest with these Banks (Ad)
US, UK navies say they responded to distress call as Iran's Revolutionary Guard 'harassed' ship
Greek authorities rescue 91 migrants from river islet on border with Turkey
“Amazon Loophole” could hand you $28,544 in “royalty” payouts (Ad)
Chuck Todd says he's leaving 'Meet the Press' after a tumultuous near-decade moderating the NBC political panel show
Apple is expected to unveil a sleek, pricey headset. Is it the device VR has been looking for?
Lithium Has Boomed And This American Stock Is Ready.. (Ad)
Stock market today: Asian stocks follow Wall St up after strong US jobs report
Saudi Arabia to reduce oil output by 1 million barrels per day, while rest of OPEC+ extends previous cuts through 2024
NYSE:OTIS

Otis Worldwide (OTIS) Stock Forecast, Price & News

$85.60
+4.09 (+5.02%)
(As of 06/2/2023 08:48 PM ET)
Compare
Today's Range
$83.14
$85.95
50-Day Range
$78.49
$86.26
52-Week Range
$62.49
$87.33
Volume
3.16 million shs
Average Volume
1.86 million shs
Market Capitalization
$35.38 billion
P/E Ratio
28.25
Dividend Yield
1.59%
Price Target
$81.10

Otis Worldwide MarketRank™ Forecast

Analyst Rating
Hold
2.18 Rating Score
Upside/​Downside
5.3% Downside
$81.10 Price Target
Short Interest
Healthy
0.99% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-1.67
Upright™ Environmental Score
News Sentiment
0.66mentions of Otis Worldwide in the last 14 days
Based on 10 Articles This Week
Insider Trading
Selling Shares
$61,056 Sold Last Quarter
Proj. Earnings Growth
8.99%
From $3.45 to $3.76 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.27 out of 5 stars

Construction Sector

38th out of 105 stocks

Electronic, Electrical Equipment & Components, Except Computer Equipment Industry

3rd out of 3 stocks


OTIS stock logo

About Otis Worldwide (NYSE:OTIS) Stock

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.

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OTIS Stock News Headlines

It's Electric: Ride Along in an Otis EV
The “Amazon Secret Royalty Program” Can Help Anyone Retire Like Royalty
A unique type of investment could help you make more money than you will need for the rest of your life. It’s what we call the “Amazon secret royalty program.” It’s an income stream that allows you to collect $1,000s… $10,000s… or more every year! Learn how to collect your first payout before June 13th.
Otis Awards Scholarships to 60 Female STEM Students
The “Amazon Secret Royalty Program” Can Help Anyone Retire Like Royalty
A unique type of investment could help you make more money than you will need for the rest of your life. It’s what we call the “Amazon secret royalty program.” It’s an income stream that allows you to collect $1,000s… $10,000s… or more every year! Learn how to collect your first payout before June 13th.
See More Headlines

OTIS Price History

OTIS Company Calendar

Ex-Dividend for 3/10 Dividend
2/16/2023
Dividend Payable
3/10/2023
Last Earnings
4/26/2023
Ex-Dividend for 6/9 Dividend
5/18/2023
Today
6/04/2023
Dividend Payable
6/09/2023
Next Earnings (Estimated)
7/26/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Electronic, electrical equipment & components, except computer equipment
Sub-Industry
N/A
Fax
N/A
Employees
69,000
Year Founded
1853

Price Target and Rating

Average Stock Price Forecast
$81.10
High Stock Price Forecast
$95.00
Low Stock Price Forecast
$62.00
Forecasted Upside/Downside
-5.3%
Consensus Rating
Hold
Rating Score (0-4)
2.18
Research Coverage
11 Analysts

Profitability

Net Income
$1.25 billion
Pretax Margin
13.80%

Debt

Sales & Book Value

Annual Sales
$13.62 billion
Cash Flow
$3.70 per share
Book Value
($11.53) per share

Miscellaneous

Free Float
412,836,000
Market Cap
$35.38 billion
Optionable
Optionable
Beta
0.93

Social Links


Key Executives

  • Ms. Judith F. MarksMs. Judith F. Marks (Age 58)
    Chair, Pres & CEO
    Comp: $5.22M
  • Ms. Nora E. LaFreniereMs. Nora E. LaFreniere (Age 51)
    Exec. VP & Chief Gen. Counsel
    Comp: $1.61M
  • Mr. Peiming ZhengMr. Peiming Zheng (Age 54)
    Pres of China & Chief Customer Product Officer
    Comp: $3.74M
  • Mr. Stephane de Montlivault (Age 62)
    Pres of Otis Asia Pacific
    Comp: $1.68M
  • Mr. Anurag Maheshwari
    Exec. VP & CFO
  • Mr. Todd Glance
    Exec. VP of Operations
  • Mr. Michael Patrick RyanMr. Michael Patrick Ryan (Age 52)
    VP & Chief Accounting Officer
  • Rina Leonard
    VP & Global Chief Information Officer
  • Ms. Randi Tanguay
    VP & Chief Communications Officer
  • Ms. Robin Fiala
    VP of Sales & Marketing













OTIS Stock - Frequently Asked Questions

Should I buy or sell Otis Worldwide stock right now?

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Otis Worldwide in the last year. There are currently 9 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" OTIS shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in OTIS, but not buy additional shares or sell existing shares.
View OTIS analyst ratings
or view top-rated stocks.

What is Otis Worldwide's stock price forecast for 2023?

11 equities research analysts have issued 1 year price targets for Otis Worldwide's shares. Their OTIS share price forecasts range from $62.00 to $95.00. On average, they predict the company's share price to reach $81.10 in the next year. This suggests that the stock has a possible downside of 5.3%.
View analysts price targets for OTIS
or view top-rated stocks among Wall Street analysts.

How have OTIS shares performed in 2023?

Otis Worldwide's stock was trading at $78.31 on January 1st, 2023. Since then, OTIS stock has increased by 9.3% and is now trading at $85.60.
View the best growth stocks for 2023 here
.

When is Otis Worldwide's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
View our OTIS earnings forecast
.

How were Otis Worldwide's earnings last quarter?

Otis Worldwide Co. (NYSE:OTIS) announced its quarterly earnings data on Wednesday, April, 26th. The company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.06. The firm had revenue of $3.35 billion for the quarter, compared to the consensus estimate of $3.26 billion. Otis Worldwide had a net margin of 9.35% and a negative trailing twelve-month return on equity of 28.04%. The firm's quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.77 earnings per share.
Read the conference call transcript
.

How often does Otis Worldwide pay dividends? What is the dividend yield for Otis Worldwide?

Otis Worldwide declared a quarterly dividend on Tuesday, April 25th. Investors of record on Friday, May 19th will be given a dividend of $0.34 per share on Friday, June 9th. This represents a $1.36 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date is Thursday, May 18th. This is a boost from the stock's previous quarterly dividend of $0.29.
Read our dividend analysis for OTIS
.

Is Otis Worldwide a good dividend stock?

Otis Worldwide (NYSE:OTIS) pays an annual dividend of $1.36 per share and currently has a dividend yield of 1.67%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 44.88%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, OTIS will have a dividend payout ratio of 36.17% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for OTIS.

What guidance has Otis Worldwide issued on next quarter's earnings?

Otis Worldwide issued an update on its FY23 earnings guidance on Wednesday, April, 26th. The company provided earnings per share (EPS) guidance of $3.40-$3.50 for the period, compared to the consensus earnings per share estimate of $3.44. The company issued revenue guidance of $13.9-$14.2 billion, compared to the consensus revenue estimate of $14.08 billion.

What is Otis Worldwide's stock symbol?

Otis Worldwide trades on the New York Stock Exchange (NYSE) under the ticker symbol "OTIS."

Who are Otis Worldwide's major shareholders?

Otis Worldwide's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (8.56%), State Street Corp (3.82%), Geode Capital Management LLC (2.38%), Fiera Capital Corp (2.22%), Dodge & Cox (1.26%) and Boston Partners (1.14%). Insiders that own company stock include Fernandez Bernardo Calleja, James F Cramer, Judith Fran Marks, Michael Patrick Ryan, Montlivault Stephane De, Nora E Lafreniere, Peiming Zheng and Rahul Ghai.
View institutional ownership trends
.

How do I buy shares of Otis Worldwide?

Shares of OTIS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Otis Worldwide's stock price today?

One share of OTIS stock can currently be purchased for approximately $85.60.

How much money does Otis Worldwide make?

Otis Worldwide (NYSE:OTIS) has a market capitalization of $35.38 billion and generates $13.62 billion in revenue each year. The company earns $1.25 billion in net income (profit) each year or $3.03 on an earnings per share basis.

How many employees does Otis Worldwide have?

The company employs 69,000 workers across the globe.

How can I contact Otis Worldwide?

Otis Worldwide's mailing address is ONE CARRIER PLACE, FARMINGTON CT, 06032. The official website for the company is www.otis.com. The company can be reached via phone at 860-674-3000 or via email at investorrelations@otis.com.

This page (NYSE:OTIS) was last updated on 6/5/2023 by MarketBeat.com Staff

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