Otis Worldwide (OTIS) Stock Forecast, Price & News

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Otis Worldwide in the last twelve months. There are currently 6 hold ratings and 1 buy rating 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.
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7 equities research analysts have issued 12-month price targets for Otis Worldwide's shares. Their OTIS share price forecasts range from $76.00 to $100.00. On average, they anticipate the company's share price to reach $87.86 in the next twelve months. This suggests a possible upside of 9.4% from the stock's current price.
View analysts price targets for OTIS or view top-rated stocks among Wall Street analysts.

Otis Worldwide's stock was trading at $78.31 at the beginning of 2023. Since then, OTIS shares have increased by 2.6% and is now trading at $80.31.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023.
View our OTIS earnings forecast.

Otis Worldwide Co. (NYSE:OTIS) posted its quarterly earnings data on Wednesday, July, 26th. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.86 by $0.06. The business earned $3.72 billion during the quarter, compared to analysts' expectations of $3.59 billion. Otis Worldwide had a negative trailing twelve-month return on equity of 28.62% and a net margin of 9.59%. The firm's revenue was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.86 earnings per share.
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Otis Worldwide announced a quarterly dividend on Thursday, July 27th. Stockholders of record on Friday, August 18th will be given a dividend of $0.34 per share on Friday, September 8th. This represents a $1.36 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date is Thursday, August 17th.
Read our dividend analysis for OTIS.

ETFs with the largest weight of Otis Worldwide (NYSE:OTIS) stock in their portfolio include Invesco S&P Spin-Off ETF (CSD), First Trust US Equity Opportunities ETF (FPX), AdvisorShares Focused Equity ETF (CWS), SmartETFs Dividend Builder ETF (DIVS), ClearBridge Focus Value ESG ETF (CFCV), WisdomTree U.S. AI Enhanced Value Fund (AIVL), First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL) and Tema Monopolies and Oligopolies ETF (TOLL).

Otis Worldwide (NYSE:OTIS) pays an annual dividend of $1.36 per share and currently has a dividend yield of 1.69%. 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 42.90%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, OTIS will have a dividend payout ratio of 35.60% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for OTIS.

Otis Worldwide issued an update on its FY 2023 earnings guidance on Wednesday, July, 26th. The company provided earnings per share (EPS) guidance of $3.45-$3.50 for the period, compared to the consensus earnings per share estimate of $3.48. The company issued revenue guidance of $14.00 billion-$14.30 billion, compared to the consensus revenue estimate of $14.13 billion.

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

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.
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One share of OTIS stock can currently be purchased for approximately $80.31.

Otis Worldwide (NYSE:OTIS) has a market capitalization of $33.07 billion and generates $13.69 billion in revenue each year. The company earns $1.25 billion in net income (profit) each year or $3.17 on an earnings per share basis.

The company employs 69,000 workers across the globe.

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.