Otis Worldwide Corp (OTIS)

NYSE
Currency in USD
94.83
-1.22(-1.27%)
Closed
After Hours
94.830.00(0.00%)
OTIS Scorecard
Full Analysis
Has raised its dividend for 5 consecutive years
Fair Value
Day's Range
94.5396.39
52 wk Range
89.37106.33
Key Statistics
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Prev. Close
96.05
Open
96.37
Day's Range
94.53-96.39
52 wk Range
89.37-106.33
Volume
2.28M
Average Volume (3m)
1.89M
1-Year Change
4.12%
Book Value / Share
-12.14
Fair Value
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Fair Value Upside
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OTIS Scorecardpro icon
Company’s Health
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Fair Value
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Fair Pricepro lock
Upsidepro lock
Price Target
100.04
Upside
+5.49%
Members' Sentiments
Bearish
Bullish
ProTips
3 analysts have revised their earnings downwards for the upcoming period
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Otis Worldwide Corp Company Profile

Otis Worldwide Corporation engages in manufacturing, installation, and servicing of elevators and escalators in the United States, China, and internationally. The company operates through 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. This segment serves real-estate and building developers, and general contractors. It sells its products directly to customers, as well as through agents and distributors. The Service segment performs maintenance and repair services, as well as modernization services to upgrade elevators and escalators. Otis Worldwide Corporation was founded in 1853 and is headquartered in Farmington, Connecticut.

Otis Worldwide Corp SWOT Analysis


Market Dynamics
Otis faces challenges in China's construction downturn while leveraging its strong global service sector to maintain growth and profitability
Financial Resilience
Despite headwinds, Otis demonstrates financial health with a robust installed base driving recurring revenue and consistent dividend growth
Strategic Pivot
Explore Otis's transition towards a more defensive business model, focusing on high-margin service operations and digital connectivity
Future Trajectory
Analyst price targets range from $90 to $110, reflecting varied outlooks on Otis's ability to navigate market challenges and capitalize on service sector opportunities
Read full SWOT analysis

Otis Worldwide Corp Earnings Call Summary for Q3/2024

  • Net sales reached $3.5B with 1% organic growth; Service segment showed high single-digit growth while New Equipment orders declined 3%
  • Adjusted EPS grew 1% to $0.01; company projects $14.2B sales and $3.85 adjusted EPS for 2024 with 1.5% organic sales growth
  • China's New Equipment market faces challenges; global unit sales expected to decrease high single digits, offset by mid-single digit Service growth
  • Modernization backlog up 12%; Service margins improved to 24.8% in Q4; Uplift program on track to enhance New Equipment margins
  • Management anticipates market improvement in 2025, projecting low single-digit growth outside China in New Equipment sector
Last Updated: 2024-10-30, 03:54 p/m
Read Full Transcript

Compare OTIS to Peers and Sector

Metrics to compare
OTIS
Peers
Sector
Relationship
P/E Ratio
22.9x28.9x11.9x
PEG Ratio
1.140.450.03
Price/Book
−7.8x6.2x1.4x
Price / LTM Sales
2.6x4.2x1.2x
Upside (Analyst Target)
7.6%29.8%23.4%
Fair Value Upside
Unlock−9.7%6.4%Unlock

Analyst Ratings

5 Buy
9 Hold
2 Sell
Ratings:
16 analysts
Overall Consensus
Neutral

Analysts 12-Month Price Target:

Average 100.04
(+5.49% Upside)

Dividends

Payout Ratio
Payout ratio (TTM)
Earnings retained
EPS 4.1
Dividend Yield
1.65%
Industry Median 1.15%
Annualized payout
1.5600
Paid quarterly
5-Years Growth
-
Growth Streak

Earnings

Latest Release
Jan 29, 2025
EPS / Forecast
0.93 / 0.95
Revenue / Forecast
3.68B / 3.67B
EPS Revisions
Last 90 days

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FAQ

What Is the Otis Worldwide (OTIS) Stock Price Today?

The Otis Worldwide stock price today is 94.83

What Stock Exchange Does Otis Worldwide Trade On?

Otis Worldwide is listed and trades on the NYSE stock exchange.

What Is the Stock Symbol for Otis Worldwide?

The stock symbol for Otis Worldwide is "OTIS."

Does Otis Worldwide Pay Dividends? What’s The Current Dividend Yield?

The Otis Worldwide dividend yield is 1.65%.

What Is the Otis Worldwide Market Cap?

As of today, Otis Worldwide market cap is 37.60B.

What is Otis Worldwide Earnings Per Share?

The Otis Worldwide EPS is 4.10.

What Is the Next Otis Worldwide Earnings Date?

Otis Worldwide will release its next earnings report on Apr 23, 2025.

From a Technical Analysis Perspective, Is OTIS a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Neutral.
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