After Hours
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Yahoo Finance discussed the stock recently as it posted Otis Fourth Quarter 2023 Earnings Advisory.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Stocks Info
The company is listed on the NYSE and operates within the Specialty Industrial Machinery industry segment. At the end of the last regular session, the stock closed at $87.78 and fluctuated between $88.01 as its day high and $86.40 as its day low. The current market capitalization of Otis Worldwide Corp is $35.92B. A total of 2.01 million shares were traded on the day, compared to an average of 2.14M shares.
Insider Activity
Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. 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 dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Otis Worldwide Corp pays an annual dividend of $1.31, resulting in a dividend yield of 1.49%, and it has a price to earnings (P/E) ratio of 26.49. 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.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. 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
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s 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
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. 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.
