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NYSE:OTIS

Otis Worldwide - OTIS Stock Forecast, Price & News

$65.77
+0.64 (+0.98%)
(As of 09/28/2022 12:00 AM ET)
Add
Compare
Today's Range
$64.90
$66.23
50-Day Range
$65.13
$81.75
52-Week Range
$64.61
$88.22
Volume
2.26 million shs
Average Volume
2.52 million shs
Market Capitalization
$27.64 billion
P/E Ratio
22.60
Dividend Yield
1.78%
Price Target
$77.40

Otis Worldwide MarketRank™ Forecast

Analyst Rating
Hold
2.20 Rating Score
Upside/​Downside
17.7% Upside
$77.40 Price Target
Short Interest
Healthy
1.82% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.89
Upright™ Environmental Score
News Sentiment
0.12mentions of Otis Worldwide in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$1.24 M Sold Last Quarter
Proj. Earnings Growth
9.06%
From $3.20 to $3.49 Per Share

Overall MarketRank

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

2.99 out of 5 stars

Construction Sector

6th out of 106 stocks

Electronic, Electrical Equipment & Components, Except Computer Equipment Industry

2nd 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

Analysts Set Otis Worldwide Co. (NYSE:OTIS) Target Price at $77.40
Students Tackle Climate Change Using STEM Skills
Geography Quizzes
Relative Strength Alert For Otis Worldwide
Otis CEO to Speak at Morgan Stanley Conference
See More Headlines
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OTIS Company Calendar

Last Earnings
7/27/2022
Ex-Dividend for 9/10 Dividend
8/18/2022
Dividend Payable
9/10/2022
Today
9/28/2022
Next Earnings (Estimated)
10/24/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Electronic, electrical equipment & components, except computer equipment
Sub-Industry
N/A
Fax
N/A
Employees
70,000
Year Founded
1853

Price Target and Rating

Average Stock Price Forecast
$77.40
High Stock Price Forecast
$85.00
Low Stock Price Forecast
$62.00
Forecasted Upside/Downside
+17.7%
Consensus Rating
Hold
Rating Score (0-4)
2.20
Research Coverage
10 Analysts

Profitability

Net Income
$1.25 billion
Pretax Margin
13.44%

Debt

Sales & Book Value

Annual Sales
$14.30 billion
Cash Flow
$3.55 per share
Book Value
($7.40) per share

Miscellaneous

Free Float
419,770,000
Market Cap
$27.64 billion
Optionable
Optionable
Beta
0.91

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. 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
  • Ms. Abbe Luersman (Age 55)
    Exec. VP & Chief People Officer













OTIS Stock - Frequently Asked Questions

Should I buy or sell Otis Worldwide stock right now?

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Otis Worldwide in the last year. There are currently 2 sell ratings, 4 hold ratings and 4 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 2022?

10 brokerages have issued twelve-month price objectives for Otis Worldwide's stock. Their OTIS share price forecasts range from $62.00 to $85.00. On average, they expect the company's share price to reach $77.40 in the next twelve months. This suggests a possible upside of 17.7% from the stock's current price.
View analysts price targets for OTIS
or view top-rated stocks among Wall Street analysts.

How have OTIS shares performed in 2022?

Otis Worldwide's stock was trading at $87.07 at the beginning of the year. Since then, OTIS shares have decreased by 24.5% and is now trading at $65.77.
View the best growth stocks for 2022 here
.

When is Otis Worldwide's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, October 24th 2022.
View our OTIS earnings forecast
.

How were Otis Worldwide's earnings last quarter?

Otis Worldwide Co. (NYSE:OTIS) released its quarterly earnings data on Wednesday, July, 27th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.78 by $0.08. The firm had revenue of $3.49 billion for the quarter, compared to analysts' expectations of $3.56 billion. Otis Worldwide had a net margin of 8.83% and a negative trailing twelve-month return on equity of 32.91%. The company's quarterly revenue was down 5.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.79 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 announced a quarterly dividend on Thursday, July 28th. Shareholders of record on Friday, August 19th will be paid a dividend of $0.29 per share on Saturday, September 10th. This represents a $1.16 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend is Thursday, August 18th.
Read our dividend analysis for OTIS
.

Is Otis Worldwide a good dividend stock?

Otis Worldwide (NYSE:OTIS) pays an annual dividend of $1.16 per share and currently has a dividend yield of 1.78%. The company has been increasing its dividend for 29 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 39.86%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, OTIS will have a dividend payout ratio of 33.24% 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 FY 2022 earnings guidance on Thursday, August, 4th. The company provided EPS guidance of $3.17-$3.21 for the period, compared to the consensus earnings per share estimate of $3.23. The company issued revenue guidance of $13.60 billion-$13.80 billion, compared to the consensus revenue estimate of $14.17 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 many different institutional and retail investors. Top institutional shareholders include State Street Corp (3.84%), Fiera Capital Corp (2.47%), Massachusetts Financial Services Co. MA (2.41%), JPMorgan Chase & Co. (1.50%), Northern Trust Corp (1.13%) and FMR LLC (1.04%). Insiders that own company stock include Fernandez Bernardo Calleja, 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 $65.77.

How much money does Otis Worldwide make?

Otis Worldwide (NYSE:OTIS) has a market capitalization of $27.64 billion and generates $14.30 billion in revenue each year. The company earns $1.25 billion in net income (profit) each year or $2.91 on an earnings per share basis.

How many employees does Otis Worldwide have?

The company employs 70,000 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 9/28/2022 by MarketBeat.com Staff

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