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.
infoOtis Worldwide is a large cap stock with a total market cap of 34.52B.
infoThey trade on the NYSE and had their IPO 3 years and 5 months ago.
infoOtis Worldwide currently employs 69000 people.
infoAs of Wednesday, Aug 23 2023, Otis Worldwide’s share price is $83.85.
News Relating to Otis Worldwide
Zacks Investment Research
OTIS Benefits From R&D Investments Despite China Market Woes
Friday Aug 18 2023 at 14:49
OTIS benefits from robust R&D investments and operational improvements, reflecting solid backlog and order volume. Chinese markets ail.
Seeking Alpha
Otis: When Manufacturing Couples With Recurring Revenue
Wednesday Aug 02 2023 at 23:25
The elevator and escalator manufacturing industry is highly concentrated and sees only a few big players. Otis is the largest among them and, since its recent spin-off, it has been able to deliver improving results. Although orders are in decline, the service segment needs to be considered carefully as it reaches numbers worthy to look at.
Seeking Alpha
Otis: Reaching New Heights On Core Business, Dividend Growth And Share Repurchases
Wednesday Aug 02 2023 at 03:26
Otis is a leading global elevator and escalator manufacturer. I believe the stock is undervalued with a potential upside of 5-20%, offering a favorable risk/reward opportunity. The company’s 1H 2023 results outperformed the same period in 2022, with strong growth in its Service business; however, challenges remain, particularly in the China market and global wage inflation. I believe Otis’s future success will depend on its capital allocation strategy, and its ability to secure new installation projects and convert them into Service Business customers.
Zacks Investment Research
MDC’s Q2 Earnings & Revenues Beat, Net New Orders Increase
Friday Jul 28 2023 at 14:00
MDC’s second-quarter 2023 result reflects growth in net new orders, backed by low existing house supply. However, persisting inflation and economic uncertainties are major concerns.
Zacks Investment Research
KBR Q2 Earnings Beat Estimates, Revenues Miss, EBITDA View Up
Friday Jul 28 2023 at 12:33
KBR’s second-quarter earnings reflect its solid segmental growth and strong execution across the business.
Zacks Investment Research
Otis (OTIS) Q2 Earnings & Revenues Top Estimates, ’23 View Up
Wednesday Jul 26 2023 at 13:55
Solid operational improvement, organic sales growth and a lower share count boost Otis’s (OTIS) Q2 earnings.
Zacks Investment Research
Otis Worldwide (OTIS) Reports Q2 Earnings: What Key Metrics Have to Say
Wednesday Jul 26 2023 at 10:55
Although the revenue and EPS for Otis Worldwide (OTIS) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Zacks Investment Research
Otis Worldwide (OTIS) Surpasses Q2 Earnings and Revenue Estimates
Wednesday Jul 26 2023 at 08:40
Otis Worldwide (OTIS) came out with quarterly earnings of $0.92 per share, beating the Zacks Consensus Estimate of $0.86 per share. This compares to earnings of $0.86 per share a year ago.
Zacks Investment Research
Otis Worldwide (OTIS) to Post Q2 Earnings: Factors to Note
Monday Jul 24 2023 at 13:50
Otis Worldwide’s (OTIS) second-quarter results are expected to reflect the fluctuations in foreign currency exchange rates.
Seeking Alpha
Our Dividend Growth Portfolio Continues To Outpace The S&P 500
Wednesday Jul 19 2023 at 22:56
In 2015, I purchased 15 of the largest cap U.S. dividend achievers, which have continued to outpace the S&P 500. The portfolio was designed to provide greater protection during recessions and severe bear markets, and began to pull away from the S&P 500 after the world changed in 2020. The portfolio is 55% U.S. stocks and 45% Canadian stocks, with modest allocations to bonds, cash, gold and bitcoin, and a few thematic plays in the electric vehicle and battery space.
Seeking Alpha
The Retirees’ Dividend Portfolio: John And Jane’s June 2023 Taxable Account Update
Saturday Jul 08 2023 at 09:00
The Taxable Account generated $2,111.31 of dividend income for June 2023 compared with $1,825.40 of dividend income for June 2022. The Taxable Account had a balance of $533.9K as of June 30, 2023, vs. $493.5K on June 30, 2022. The annualized cost basis yield is 5.44%. Five companies in the Taxable portfolio paid increased dividends or paid a special dividend during the month of June.
Zacks Investment Research
OTIS Launches the Digitally Connected Gen3 Core Elevator
Friday Jun 09 2023 at 12:27
OTIS introduces the Gen3 Core elevator under the Gen3 umbrella to support North America’s growing demand for two-to-six-story buildings.
Zacks Investment Research
Otis Worldwide Corporation (OTIS) Hit a 52 Week High, Can the Run Continue?
Thursday Jun 08 2023 at 10:22
Otis Worldwide (OTIS) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company’s fundamentals for clues.
Zacks Investment Research
OTIS Benefits From Solid R&D Investments, Orders & Backlog
Thursday May 25 2023 at 14:02
OTIS benefits from robust R&D investments and operational improvements, reflecting solid backlog and order volume.
Seeking Alpha
Otis: The Stock Could Be Heading For The Top Floor
Friday May 19 2023 at 18:01
Otis became a publicly traded company in 2020 after spinning off from United Technologies. Since becoming a separate entity, management has been focused on growth with great success.
Seeking Alpha
Otis Worldwide: Shareholder Value Is Eventually Going To The Top Floor
Sunday Apr 30 2023 at 23:12
Otis Worldwide has an impressive 13.8% average quarterly return on capital. Net margins have been slowly rising, and have reached 9.89% in the most recent quarter.
Yahoo Finance
Otis earnings: Despite choppy markets, we’re ‘pleased with the results,’ CEO says
Wednesday Apr 26 2023 at 13:16
Otis CEO Judy Marks joins Yahoo Finance Live to discuss quarterly earnings, declining Chinese orders, inflation, global economic development, and the outlook for Otis.
Seeking Alpha
Otis Worldwide Corporation (OTIS) Q1 2023 Earnings Call Transcript
Wednesday Apr 26 2023 at 12:26
Otis Worldwide Corporation (OTIS) Q1 2023 Earnings Call Transcript.
Zacks Investment Research
Otis (OTIS) Q1 Earnings & Sales Beat Estimates, View Solid
Wednesday Apr 26 2023 at 12:11
Solid operational improvement, organic sales growth and a lower share count boost Otis Worldwide’s (OTIS) Q1 earnings.
Zacks Investment Research
Otis Worldwide (OTIS) Beats Q1 Earnings and Revenue Estimates
Wednesday Apr 26 2023 at 09:08
Otis Worldwide (OTIS) came out with quarterly earnings of $0.80 per share, beating the Zacks Consensus Estimate of $0.74 per share. This compares to earnings of $0.77 per share a year ago.
Zacks Investment Research
Otis Worldwide (OTIS) to Post Tepid Q1 Earnings: Here’s Why
Monday Apr 24 2023 at 15:11
Otis Worldwide’s (OTIS) first-quarter results are expected to reflect the adverse impacts of inflation.
Zacks Investment Research
OTIS’ Product Innovation & Services Business to Drive Growth
Friday Apr 14 2023 at 14:25
OTIS benefits from digital innovations and operational improvements despite headwinds.
Zacks Investment Research
KBR’s K-Green Technology Selected for Atlas Agro’s Plants
Friday Apr 14 2023 at 13:42
KBR boosts its backlog with a new contract from Atlas Agro for the green ammonia project in multiple green nitrate plants.
Zacks Investment Research
4 Stocks to Buy From a Thriving Building Products Industry
Tuesday Apr 04 2023 at 13:42
Although supply-chain issues and rising input prices are concerns for the Zacks Building Products – Miscellaneous industry, focus on operational efficiencies and higher government spending raise hopes for OTIS, URI, SSD and IBP.
Seeking Alpha
Otis Worldwide: Good Growth Prospects At Reasonable Valuation
Monday Mar 27 2023 at 17:08
A high backlog level and pricing in FY2023 should drive the topline growth in the New Equipment segment. The accelerated maintenance portfolio growth, pricing increases, and a high backlog for modernization business should increase the revenue in the Service segment.
Zacks Investment Research
2 Stocks to Buy with Strong Economic Moats
Wednesday Mar 15 2023 at 16:47
Moats function to protect long term profits
Investors Business Daily
12 Stocks Up Big This Year Are Due For A Nasty Fall, Analysts Say
Friday Mar 10 2023 at 08:00
Hope you enjoyed the rally in S&P 500 stocks this year while it lasted. Analysts are already calling for some of the biggest gainers to fall.
Zacks Investment Research
Why Is Otis Worldwide (OTIS) Up 2.2% Since Last Earnings Report?
Friday Mar 03 2023 at 12:48
Otis Worldwide (OTIS) reported earnings 30 days ago. What’s next for the stock?
CNBC Television
Otis Worldwide CEO says the company doesn’t see a recession in Europe
Wednesday Feb 01 2023 at 19:26
Cramer spoke with Otis Worldwide CEO Judy Marks on Wednesday.
Zacks Investment Research
Otis (OTIS) Q4 Earnings & Sales Beat Estimates, Backlog Solid
Wednesday Feb 01 2023 at 13:32
Solid operational improvement and a lower share count boost Otis Worldwide’s (OTIS) Q4 earnings.
Otis Worldwide Bankruptcy Risk
The Altman Z-score is a formula that measures a company’s financial health and bankruptcy risk. It assigns a numerical score based on various financial ratios. The Z-score is divided into different zones. If the Z-score is above 2.99, it indicates a lower bankruptcy risk, classifying the company as ‘safe’ or ‘non-distressed’. If the score falls below 1.81, it suggests a higher risk, indicating potential financial distress or bankruptcy. The range between 1.81 and 2.99 is called the ‘gray zone’ or zone of ambiguity.
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Otis Worldwide’s Altman Z-score is 3.09 which is in the safe zone. This indicates the company is financially stable and less likely to experience financial distress or bankruptcy.
Derived from SEC.GOV filing dataopen_in_new
Otis Worldwide Insider Trading
Insider trading is when individuals employed by a company buy or sell its securities following legal procedures and regulations. Company executives, directors, and employees may be permitted to buy or sell shares if they follow specific rules, such as filing a Form 4 with the SEC within two business days.
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Over the last 3 months, 2 insiders have sold $938.74K of common stock in Otis Worldwide on the stock market with no insider buying.
Derived from SEC.GOV filing dataopen_in_new
Debt & Income Analysis
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Value Analysis
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Efficiency Analysis
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