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Otis Worldwide (OTIS)
NYSE:OTIS
Holding OTIS?
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OTIS Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$82.43 - $106.33
Previous Close$99.73
Volume2.32M
Average Volume (3M)2.11M
Market Cap
$39.84B
Enterprise Value$46.68B
Total Cash (Recent Filing)$827.00M
Total Debt (Recent Filing)$7.55B
Price to Earnings (P/E)24.8
Beta0.82
Next Earnings
Jan 29, 2025EPS Estimate
$0.95Next Dividend Ex-Date
Nov 15, 2024Dividend Yield1.44%
Share Statistics
EPS (TTM)4.01
Shares Outstanding399,460,524
10 Day Avg. Volume2,383,701
30 Day Avg. Volume2,107,152
Standard Deviation0.06
R-Squared0.58
Alpha0.00123
Financial Highlights & Ratios
Price to Book (P/B)-8.13
Price to Sales (P/S)2.85
Price to Cash Flow (P/CF)25.70
P/FCF Ratio25.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue3.29
Enterprise Value/Gross Profit11.13
Enterprise Value/Ebitda20.29
Forecast
1Y Price Target
$107.83Price Target Upside7.41% Upside
Rating ConsensusHold
Number of Analyst Covering6
Otis Worldwide News
PremiumCompany Announcements
Otis Worldwide Corporation Reports Strong Q3 2024 ResultsBulls Say, Bears Say
Bulls Say
Regional PerformanceAmericas is seeing initial positive trends, with new equipment orders up 23% year-over-year in Q3.
Revenue GrowthAn encouraging outlook for approximately 5% maintenance and repair revenue growth and accelerating modernization is anticipated despite challenges.
Service GrowthService growth accelerated, with repair strength expected to continue.
Bears Say
Market ConditionsPersistent China headwinds are weighing on new equipment volume and margin estimates.
Revenue PerformanceCore revenue performance is likely to remain sub-par over the next 2-3 quarters due to continued drag from New Equipment.
Stock ValuationRisk/reward has moved back into balance with the stock at 25x N12M EPS, leading to a downgrade from OP to PP rating.
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Ownership Overview
0.11% Insiders
25.29% Mutual Funds
9.64% Other Institutional Investors
42.22% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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OTIS FAQ
What was Otis Worldwide’s price range in the past 12 months?
Otis Worldwide lowest stock price was $82.43 and its highest was $106.33 in the past 12 months.
What is Otis Worldwide’s market cap?
Currently, no data Available
When is Otis Worldwide’s upcoming earnings report date?
Otis Worldwide’s upcoming earnings report date is Jan 29, 2025 which is in 76 days.
How were Otis Worldwide’s earnings last quarter?
Otis Worldwide released its earnings results on Oct 30, 2024. The company reported $0.96 earnings per share for the quarter, missing the consensus estimate of $0.97 by -$0.01.
Is Otis Worldwide overvalued?
According to Wall Street analysts Otis Worldwide’s price is currently Undervalued.
Does Otis Worldwide pay dividends?
Otis Worldwide pays a Quarterly dividend of $0.39 which represents an annual dividend yield of 1.44%. See more information on Otis Worldwide dividends here
What is Otis Worldwide’s EPS estimate?
Otis Worldwide’s EPS estimate is $0.95.
How many shares outstanding does Otis Worldwide have?
Otis Worldwide has 399,460,500 shares outstanding.
What happened to Otis Worldwide’s price movement after its last earnings report?
Otis Worldwide reported an EPS of $0.96 in its last earnings report, missing expectations of $0.97. Following the earnings report the stock price went down -3.048%.
Which hedge fund is a major shareholder of Otis Worldwide?
Among the largest hedge funds holding Otis Worldwide’s share is PRIMECAP Management Co. It holds Otis Worldwide’s shares valued at 175M.
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Otis Worldwide Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Hold
Average Price Target:
$107.83 (7.41% Upside)
$107.83 (7.41% Upside)
Blogger Sentiment
Bullish
OTIS Sentiment 90%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Decreased
By 53.7K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $1.5M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▼ 1.2%
Last 30 Days ▲ 31.1%
Last 30 Days ▲ 31.1%
Technicals
SMA
Positive
20 days / 200 days
Momentum
23.54%
12-Months-Change
Fundamentals
Return on Equity
―
Trailing 12-Months
Asset Growth
-1.24%
Trailing 12-Months
Company Description
Otis Worldwide
Otis Worldwide Corporation engages in designing, manufacturing, selling and installations of passenger and freight elevators, escalators and moving walkways for infrastructure projects, and residential and commercial buildings. It also provides maintenance and repair services, as well as modernization services for elevators and escalators.
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OTIS Company Deck
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OTIS Earnings Call
Q3 2024
0:00 / 0:00
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OTIS Net sales Breakdown
48.35% Maintenance and Repair
40.90% New Equipment
10.75% Modernization
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OTIS Stock 12 Month Forecast
Average Price Target
$107.83
▲(7.41% Upside)
Technical Analysis
Best Analysts Covering OTIS
1 Year
1 Year Success Rate
18/22 ratings generated profit
1 Year Average Return
+10.45%
reiterated a buy rating 15 days ago
Copying Nicholas Housden's trades and holding each position for 1 Year would result in 81.82% of your transactions generating a profit, with an average return of +10.45% per trade.
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