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Otis Worldwide (OTIS)

(Delayed Data from NYSE)

$93.37 USD

93.37
1,708,858

+1.17 (1.27%)

Updated Apr 29, 2024 04:00 PM ET

After-Market: $93.39 +0.02 (0.02%) 7:58 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.20%
2Buy18.04%
3Hold9.52%
4Sell5.20%
5Strong Sell2.60%
S&P50011.13%

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3-Hold of 5     3    

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

Zacks Style Scores Education - Learn more about the Zacks Style Scores

C Value C Growth A Momentum B VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank

Top 14% (36 out of 252)

Industry: Building Products - Miscellaneous

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Better trading starts here.

Balance Sheet

Research for OTIS

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

Learn more about Zacks Equity Research reports

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Fiscal Year End for Otis Worldwide Corporation falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 1,274 1,194 3,475 1,782 1,446
Receivables 3,538 3,357 3,232 3,148 2,861
Notes Receivable 0 0 0 0 0
Inventories 612 617 622 659 571
Other Current Assets 976 975 932 904 780
Total Current Assets 6,400 6,143 8,261 6,493 5,658
Net Property & Equipment 727 719 774 774 721
Investments & Advances 0 0 0 0 0
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 323 285 335 334 373
Intangibles 1,923 1,936 2,086 2,257 2,137
Deposits & Other Assets 328 287 297 310 263
Total Assets 10,117 9,819 12,279 10,710 9,687
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 0 0 0 0 0
Accounts Payable 1,878 1,717 1,556 1,453 1,331
Current Portion Long-Term Debt 32 670 24 701 34
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 1,873 1,794 1,993 1,977 1,739
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 2,696 2,662 2,674 2,542 2,270
Total Current Liabilities 6,479 6,843 6,247 6,673 5,374
Mortgages 0 0 0 0 0
Deferred Taxes/Income 245 279 267 321 695
Convertible Debt 0 0 0 0 0
Long-Term Debt 6,866 6,098 7,249 5,262 5
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 955 948 1,164 1,288 901
Minority Interest (Liabilities) 135 135 160 83 95
Total Liabilities 14,972 14,618 15,423 13,994 7,456
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 0 0 0 0 0
Common Stock (Par) 213 162 119 59 0
Capital Surplus 0 0 0 0 0
Retained Earnings -2,005 -2,865 -2,256 -3,076 0
Other Equity -681 -521 -282 -267 2,231
Treasury Stock 2,382 1,575 725 0 0
Total Shareholder's Equity -4,855 -4,799 -3,144 -3,284 2,231
Total Liabilities & Shareholder's Equity 10,117 9,819 12,279 10,710 9,687
Total Common Equity -4,855 -4,799 -3,144 -3,284 2,231
Shares Outstanding 405.40 414.80 424.90 433.20 NA
Book Value Per Share -11.98 -11.57 -7.40 -7.58 -0.02

Fiscal Year End for Otis Worldwide Corporation falls in the month of December.

All items in Millions except Per Share data.

3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Assets          
Cash & Equivalents 884 1,274 1,636 1,219 1,117
Receivables 3,654 3,538 3,455 3,497 3,364
Notes Receivable 0 0 0 0 0
Inventories 593 612 624 640 642
Other Current Assets 1,007 976 1,034 1,061 1,030
Total Current Assets 6,138 6,400 6,749 6,417 6,153
Net Property & Equipment 713 727 708 715 719
Investments & Advances 0 0 0 0 0
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 303 323 290 284 281
Intangibles 1,918 1,923 1,883 1,934 1,930
Deposits & Other Assets 314 328 343 347 294
Total Assets 9,791 10,117 10,390 10,135 9,845
Liabilities & Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Notes Payable 0 0 0 0 0
Accounts Payable 1,641 1,878 1,655 1,744 1,515
Current Portion Long-Term Debt 35 32 585 746 646
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 1,691 1,873 1,725 1,779 1,679
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 2,951 2,696 2,784 2,889 2,983
Total Current Liabilities 6,318 6,479 6,749 7,158 6,823
Mortgages 0 0 0 0 0
Deferred Taxes/Income 255 245 258 278 278
Convertible Debt 0 0 0 0 0
Long-Term Debt 6,846 6,866 6,822 6,117 6,116
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 904 878 899 937
Minority Interest (Liabilities) 124 135 123 126 129
Total Liabilities 14,731 14,972 15,123 14,886 14,612
Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Preferred Stock 0 0 0 0 0
Common Stock (Par) 210 213 198 183 172
Capital Surplus 0 0 0 0 0
Retained Earnings -1,794 -2,005 -2,183 -2,419 -2,653
Other Equity -672 -681 -593 -588 -536
Treasury Stock 2,684 2,382 2,155 1,927 1,750
Total Shareholder's Equity -4,940 -4,855 -4,733 -4,751 -4,767
Total Liabilities & Shareholder's Equity 9,791 10,117 10,390 10,135 9,845
Total Common Equity -4,940 -4,855 -4,733 -4,751 -4,767
Shares Outstanding 404.30 405.40 409.20 411.70 413.20
Book Value Per Share -12.22 -11.98 -11.57 -11.54 -11.54