Previous close | 96.29 |
Open | 96.63 |
Bid | 0.00 x 800 |
Ask | 98.00 x 800 |
Day's range | 96.45 - 97.72 |
52-week range | 73.32 - 100.35 |
Volume | |
Avg. volume | 1,903,809 |
Market cap | 39.396B |
Beta (5Y monthly) | 0.91 |
PE ratio (TTM) | 28.75 |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | 1.36 (1.40%) |
Ex-dividend date | 15 Feb 2024 |
1y target est | N/A |
Performance Aligns with Analyst Projections Amidst Challenges in New Equipment Sales
Otis Worldwide (OTIS) delivered earnings and revenue surprises of 1.15% and 0.18%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
Elevator and escalator maker Otis Worldwide Corp beat quarterly profit estimates on Wednesday on higher demand for maintenance and repair services on its elevators. The Farmington Connecticut-based company operates globally through two segments - new equipment which manufactures and installs passenger and freight elevators, escalators and moving walkways, and service segment which offers maintenance, repair and upgradation services. Its maintenance and repair portfolio grew more than 4% year-on-year.