After Hours
It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Yahoo Finance discussed the stock recently as it posted Otis Fourth Quarter 2023 Earnings Advisory.
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Stocks Info
Otis Worldwide Corp is listed on the NYSE in the Industrials sector while operating in the Specialty Industrial Machinery industry. The current market capitalization of Otis Worldwide Corp is $34.97B. A total of 1.84 million shares were traded on the day, compared to an average of 2.13M shares.
Insider Activity
Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, OTIS has seen 1 BUY and 1 SELL insider trades, representing the acquisition of 116 and the disposition of 116 shares. Over the last 12 months, there were 54 BUYs and 63 SELLs from insiders. Insiders purchased 421,097 shares during that period but sold 258,251.
In the most recent transaction, Ryan Michael Patrick sold 6,372 shares of OTIS for 90.50 per share on Jul 28. After the transaction, the VP, CAO & Controller now owns 0 company shares. In a previous transaction on Jul 28, Calleja Fernandez Bernardo sold 3,992 shares at 90.70 per share. OTIS shares that President, Otis EMEA owns now total 42,097.
Among the insiders who sold shares, Calleja Fernandez Bernardo disposed of 703 shares on Mar 06 at a per-share price of $86.85. This resulted in the President, Otis EMEA holding 22,215 shares of OTIS after the transaction. In another insider transaction, Calleja Fernandez Bernardo sold 837 shares at $84.67 per share on Feb 14. Company shares held by the President, Otis EMEA now total 19,998.
Dividend
The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Otis Worldwide Corp pays an annual dividend of $1.31, resulting in a dividend yield of 1.54%, and it has a price to earnings (P/E) ratio of 25.78. OTIS’s most recent ex-dividend date was 11/16/2023 when it declared a $0.34 quarterly dividend that was paid in cash on 12/8/2023. Previously, the company paid the dividend on 9/8/2023 with an ex-dividend date of 8/17/2023. The OTIS stock dividend was $0.34 per share in cash.
Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, OTIS has a high of $91.33 and a low of $73.32.
As of this writing, OTIS has an earnings estimate of $0.86 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $0.88 per share and a lower estimate of $0.84. The company reported an EPS of $0.92 in the last quarter, which was 7.00% higher than expectations of $0.86.
Balance Sheet Annually/Quarterly
As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. OTIS’s latest balance sheet shows that the firm has $1.56B in Cash & Short Term Investments as of fiscal 2021. There were $7.79B in debt and $6.25B in liabilities at the time. Its Book Value Per Share was -$11.70, while its Total Shareholder’s Equity was -$2.98B.
Analysts Opinion
After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for OTIS is Buy with a score of 3.57.
