Otis Worldwide Corp Stock News

Otis Worldwide is a market leader with high-margin recurring revenue and a strong economic moat but faces headwinds in the Chinese market, while trading at a premium valuation. The company's rich history is overshadowed by its short time as a standalone entity, making it less visible to dividend focused retail investors who look at dividend raise streaks. Significant exposure to foreign markets...

FARMINGTON, Conn. , Oct. 31, 2024 /PRNewswire/ -- The Otis Worldwide Corporation (NYSE: OTIS) Board of Directors today declared a quarterly dividend of $0.39 per share of Otis' common stock.

Otis Worldwide Corporation (NYSE:OTIS ) Q3 2024 Earnings Call Transcript October 30, 2024 8:30 AM ET Company Participants Michael Rednor - Senior Vice President of Investor Relations Judy Marks - Chair, Chief Executive Officer and President Cristina Mendez - Executive Vice President & Chief Financial Officer Conference Call Participants Nigel Coe - Wolfe Research Jeffrey Sprague - Vertical Rese...

Otis delivers continued strong Service performance with high single digit Service sales growth GAAP EPS up 47.3% and adjusted EPS up 1.1% Service net sales up 7.2% and Service organic sales up 7.7% Maintenance portfolio units increased 4.2% Mod orders up 3%, backlog up 14%, up 12% at constant currency GAAP cash flow from operations of $394 million; adjusted free cash flow of $381 million Share ...

Otis Worldwide operates in over 200 countries, manufacturing, installing, and servicing elevators and escalators, with a strong physical presence in 70 countries. After rising significantly as revenue surged, the stock is looking quite lofty and this could pose a risk for investors moving forward. Recently, revenue and profits have been mixed, with recent declines in new equipment sales, but co...

Otis Worldwide Corporation's share price increased over 160% since its spin-off. Potential for a further increase due to market tailwinds, including China's $325 billion stimulus and FED's interest rate cuts. Despite a decline in new equipment sales, Otis improved earnings through its service segment, which has higher margins, and more controlled production costs. Weak cash flow and low liquidi...

FARMINGTON, Conn. , Oct. 9, 2024 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) will host a conference call on Wednesday, October 30, 2024, at 8:30 a.m.

On October 8, shares of Otis Worldwide Corp (NYSE: OTIS) fell by 4% in early trading after Wolfe Research downgraded the stock from ‘outperform' to ‘peer perform'. The elevator and escalator manufacturer, which had gained approximately 16% year-to-date, faced investor apprehension following the analyst's cautious outlook.