- Previous Close
98.20 - Open
98.50 - Bid 99.55 x 800
- Ask 99.95 x 800
- Day's Range
98.46 - 100.24 - 52 Week Range
79.44 - 106.33 - Volume
3,059,525 - Avg. Volume
2,133,921 - Market Cap (intraday)
39.831B - Beta (5Y Monthly) 0.93
- PE Ratio (TTM)
24.74 - EPS (TTM)
4.02 - Earnings Date Jan 29, 2025 - Feb 3, 2025
- Forward Dividend & Yield 1.56 (1.59%)
- Ex-Dividend Date Aug 16, 2024
- 1y Target Est
99.26
Otis Worldwide Corporation engages in manufacturing, installation, and servicing of 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. 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.
www.otis.com71,000
Full Time Employees
December 31
Fiscal Year Ends
Sector
Specialty Industrial Machinery
Industry
Recent News: OTIS
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Performance Overview: OTIS
Trailing total returns as of 11/1/2024, which may include dividends or other distributions. Benchmark is
.YTD Return
1-Year Return
3-Year Return
5-Year Return
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Statistics: OTIS
View MoreValuation Measures
Market Cap
39.23B
Enterprise Value
45.95B
Trailing P/E
24.43
Forward P/E
23.26
PEG Ratio (5yr expected)
2.45
Price/Sales (ttm)
2.81
Price/Book (mrq)
--
Enterprise Value/Revenue
3.23
Enterprise Value/EBITDA
21.08
Financial Highlights
Profitability and Income Statement
Profit Margin
11.48%
Return on Assets (ttm)
12.46%
Return on Equity (ttm)
--
Revenue (ttm)
14.21B
Net Income Avi to Common (ttm)
1.63B
Diluted EPS (ttm)
4.02
Balance Sheet and Cash Flow
Total Cash (mrq)
827M
Total Debt/Equity (mrq)
--
Levered Free Cash Flow (ttm)
1.09B
Research Analysis: OTIS
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Research Reports: OTIS
View MoreOtis Earnings: Softened Modernization Orders Come as a Surprise, but Long-Term Outlook Still Bright
Otis is the largest global elevator and escalator supplier by revenue with around 18% global market share. In 1854 Otis’ founder and namesake Elisha Graves Otis, invented a safety mechanism that prevented elevators from falling if the hoisting cable failed. The company's product and service lifecycle begins with installations of elevator units in new buildings, later selling maintenance services on the units, and eventually replacement of the units after the average 15- to 20-year useful life of an elevator. As the largest global OEM, Otis has amassed an installed base under service that exceeds 2 million elevators. Its business model is similar to that of its closest competitors Kone, Schindler, and TK Elevator.
RatingPrice TargetOtis Earnings: Still-Weak Equipment Demand Irks Investors Despite Modernization and Service Strength
Otis is the largest global elevator and escalator supplier by revenue with around 18% global market share. In 1854 Otis’ founder and namesake Elisha Graves Otis, invented a safety mechanism that prevented elevators from falling if the hoisting cable failed. The company's product and service lifecycle begins with installations of elevator units in new buildings, later selling maintenance services on the units, and eventually replacement of the units after the average 15- to 20-year useful life of an elevator. As the largest global OEM, Otis has amassed an installed base under service that exceeds 2 million elevators. Its business model is similar to that of its closest competitors Kone, Schindler, and TK Elevator.
RatingPrice TargetMid Cap U.S. Pick List September 2024
This pick list highlights constituents of the Morningstar US Mid Cap Index that we believe offer investors the best risk-adjusted return prospects. The market capitalization range for U.S. mid-caps typically falls between $1 billion and $8 billion and represents 20% of the total capitalization of the U.S. equity market.
Mid Cap U.S. Pick List August 2024
This pick list highlights constituents of the Morningstar US Mid Cap Index that we believe offer investors the best risk-adjusted return prospects. The market capitalization range for U.S. mid-caps typically falls between $1 billion and $8 billion and represents 20% of the total capitalization of the U.S. equity market.