Otis Worldwide Corporation (OTIS) is currently priced at $77.6, marking a 0.155% increase from the previous close. Trading volume stands at $1.25 million, 31.56% above the average.
In its latest quarterly earnings report on April 21st, OTIS met the consensus estimate with earnings per share (EPS) of 0.92.
OTIS offers a forward dividend yield of 2.16%, with a dividend per share of 42 cents in the most recent quarter, showing a year-over-year increase.
Barclays maintained a hold position on OTIS with an "Underweight" grade, keeping the price stable at $77.88 since April 23rd.
OTIS generated a free cash flow of $380 million, repaid $106 million in debt, and ended the period with $844 million in cash.
OTIS reported a revenue of $3.57 billion and a net income of $340 million, translating to an EPS of 88 cents. The company's EBITDA stands at $580 million.
Key ratios include a gross profit margin of 30.34%, a return on assets of 3.23, and a price-to-earnings ratio of 22 for OTIS.
OTIS holds $834 million in cash and cash equivalents, with total assets amounting to $10.54 billion and total liabilities at $15.98 billion.
This financial snapshot provides insights into OTIS's performance and financial health, reflecting a stable position in the market.
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. 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. The Service segment performs maintenance and repair services, as well as modernization services to upgrade elevators and escalators. It had a network of approximately 34,000 service mechanics operating approximately 1,400 branches and offices. The company was founded in 1853 and is headquartered in Farmington, Connecticut.