Otis Worldwide (OTIS) shared its earnings report 30 days ago. What can we expect for the stock moving forward?
Look into Otis Worldwide's (OTIS) global revenue trends and how they affect Wall Street's predictions and the potential future of the stock.
FARMINGTON, Conn., Jan. 30, 2025 /PRNewswire/ -- The Board of Directors of Otis Worldwide Corporation (NYSE: OTIS) has announced a quarterly dividend of $0.39 for each share of its common stock.
OTIS's results for the fourth quarter were negatively affected by poor performance in the New Equipment segment, but they benefited from the Service segment. Read on to understand the details of the quarter.
Otis Worldwide Corporation announced strong results for the fourth quarter and the entire year, with a 1.5% increase in net sales and a 1.9% rise in organic sales, mainly due to a 7.6% growth in Service sales. For 2025, the company expects organic sales to grow by 2 to 4%, with adjusted earnings per share projected between $4.00 and $4.10. Overall, the full year 2024 saw net sales reach $14.3 billion, reflecting a 1.4% organic growth.
Otis Worldwide Corporation (NYSE:OTIS) will hold its Q4 2024 Earnings Conference Call on January 29, 2025, at 8:30 AM ET. The call will feature company leaders, including Rob Quartaro, Judy Marks, and Cristina Mendez, along with various analysts from different financial institutions. Good morning, and thank you for joining us for Otis' Fourth Quarter 2024 Earnings Conference Call, which is being streamed live online and will be available for replay.
While the revenue and earnings per share (EPS) for Otis Worldwide (OTIS) provide insight into its performance for the quarter ending December 2024, it could be helpful to look at how these important figures stack up against Wall Street predictions and last year's results.
Otis Worldwide Corporation is showing strength with expected net sales and earnings per share growth of 1.2% and 9%, even with global challenges. While the company has some difficulties in China, it has a strong financial position, low capital expenditures, and a good history of increasing dividends. With lower interest rates and regular buybacks, Otis is well-positioned for future growth, aiming for a share price of $115 by 2026.
Explore the elements that may affect OTIS' results for the fourth quarter of 2024.
FARMINGTON, Conn., Jan. 16, 2025 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) has revealed that its Board of Directors has approved a plan to buy back $2 billion worth of Common Stock, starting from January 16, 2025.