After Hours
There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Earlier, Yahoo Finance discussed this stock as it revealed Otis Brazil Joins U.N. Companies With Refugees Forum.
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Stocks Info
This NYSE-listed company operates within the Specialty Industrial Machinery industry segment, falling under the Industrials sector. At the end of the last regular session, the stock closed at $99.12 and fluctuated between $99.16 as its day high and $97.27 as its day low. The current market capitalization of Otis Worldwide Corp is $40.19B. A total of 1.72 million shares were traded on the day, compared to an average of 2.03M shares.
In the most recent transaction, de Montlivault Stephane sold 18,393 shares of OTIS for 91.10 per share on Feb 21 ’24. After the transaction, the President, Otis Asia Pacific now owns 67,274 company shares. In a previous transaction on Feb 20 ’24, LaFreniere Nora E. sold 22,106 shares at 90.87 per share. OTIS shares that EVP, General Counsel owns now total 24,927.
Among the insiders who sold shares, Ryan Michael Patrick disposed of 3,522 shares on Feb 20 ’24 at a per-share price of $90.77. This resulted in the SVP, CAO & Controller holding 756 shares of OTIS after the transaction. In another insider transaction, Marks Judith Fran sold 37,312 shares at $91.83 per share on Feb 07 ’24. Company shares held by the Chair, CEO & President now total 192,319.
Dividend
The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Otis Worldwide Corp pays an annual dividend of $1.36, resulting in a dividend yield of 1.37%, and it has a price to earnings (P/E) ratio of 29.23. OTIS’s most recent ex-dividend date was 2/15/2024 when it declared a $0.34 quarterly dividend that was paid in cash on 3/8/2024. Previously, the company paid the dividend on 12/8/2023 with an ex-dividend date of 11/16/2023. The OTIS stock dividend was $0.34 per share in cash.
Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, OTIS has a high of $100.35 and a low of $73.32.
As of this writing, OTIS has an earnings estimate of $0.87 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $0.87 per share and a lower estimate of $0.86. The company reported an EPS of $0.95 in the last quarter, which was 9.20% higher than expectations of $0.87.
Balance Sheet Annually/Quarterly
In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. 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 -$12.11, while its Total Shareholder’s Equity was -$2.98B.
Analysts Opinion
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. 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 3.78.
