Otis Worldwide (NYSE:OTIS – Get Rating) updated its FY 2022 earnings guidance on Monday. The company provided earnings per share guidance of $3.220-$3.270 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.280. The company issued revenue guidance of $14.10 billion-$14.30 billion, compared to the consensus revenue estimate of $14.62 billion.
NYSE OTIS opened at $73.42 on Monday. Otis Worldwide has a 52-week low of $70.74 and a 52-week high of $92.84. The company has a 50-day simple moving average of $76.29 and a 200 day simple moving average of $81.09. The company has a market capitalization of $31.04 billion, a PE ratio of 25.40 and a beta of 0.94.
Otis Worldwide (NYSE:OTIS – Get Rating) last posted its earnings results on Monday, January 31st. The company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.04. Otis Worldwide had a net margin of 8.71% and a negative return on equity of 39.58%. The firm had revenue of $3.57 billion during the quarter, compared to the consensus estimate of $3.59 billion. During the same quarter last year, the company earned $0.66 earnings per share. The company’s revenue was up 2.2% on a year-over-year basis. On average, research analysts predict that Otis Worldwide will post 3.28 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. KB Financial Partners LLC purchased a new stake in Otis Worldwide in the fourth quarter worth about $33,000. First Community Trust NA bought a new stake in shares of Otis Worldwide during the 4th quarter valued at $78,000. Ulland Investment Advisors LLC purchased a new stake in Otis Worldwide in the 4th quarter worth $89,000. EverSource Wealth Advisors LLC bought a new stake in Otis Worldwide during the 4th quarter valued at approximately $134,000. Finally, Penserra Capital Management LLC raised its stake in Otis Worldwide by 22.6% during the 4th quarter. Penserra Capital Management LLC now owns 1,914 shares of the company’s stock valued at $166,000 after purchasing an additional 353 shares during the period. 81.27% of the stock is currently owned by institutional investors.
About Otis Worldwide (Get Rating)
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.
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