|Bid||52.34 x 800|
|Ask||0.00 x 900|
|Day's Range||50.77 - 52.65|
|52 Week Range||38.00 - 54.70|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 07, 2020|
|Forward Dividend & Yield||0.80 (1.57%)|
|Ex-Dividend Date||May 21, 2020|
|1y Target Est||54.75|
Otis Worldwide Corporation (NYSE: OTIS) President and Chief Executive Officer Judy Marks will speak at the Bernstein 36th Annual Strategic Decisions Conference on Thursday, May 28, 2020 at 8:00 a.m. EDT. The presentation will be broadcast live at www.otis.com.
CEO Judy Marks says the newly independent elevator company will seek to expand its lucrative services business.
Otis Worldwide Corporation (NYSE: OTIS) reported first quarter 2020 net sales of $3.0 billion, a decrease of 2.1% organically versus the prior year. GAAP operating profit decreased 20.7% to $329 million with margin contraction of 230 basis points (bps) to 11.1%. Adjusted operating profit increased 3.9% to $450 million with margin expansion of 120 basis points to 15.2%. GAAP earnings per share (EPS) decreased 39.7% to $0.38 and adjusted EPS decreased 3.2% to $0.60.
Otis Worldwide Corporation (NYSE: OTIS) Board of Directors today declared a quarterly dividend of $0.20 per share of Otis' common stock. The dividend will be payable on June 10, 2020, to shareholders of record at the close of business on May 22, 2020.
The merged Raytheon Technologies offers a stable defense business, while Otis is a leader in elevators and Carrier is a deep value play.