Otis Worldwide is hosting its 2024 Investor Day at the New York Stock Exchange, beginning at 9 a.m. ET. During the event, Otis leadership will provide updates on the industry and the company’s medium-term outlook, including its long-term growth strategy, operating profit drivers and capital allocation plans. Otis is announcing its medium-term outlook: organic sales up low to mid-single digits; organic new equipment sales flat to up low-single digits; organic service sales up mid-single digits+; average adjusted operating profit growth of mid-to-high single digits; adjusted EPS CAGR of 10%+ and adjusted free cash flow CAGR up high single digits.
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Read More on OTIS:
- Otis Worldwide price target raised to $104 from $95 at JPMorgan
- Otis Declares Quarterly Dividend of $0.34 per Share
- Otis Worldwide price target lowered to $95 from $97 at Wells Fargo
- Otis Worldwide price target raised to $85 from $80 at Barclays
- Otis Worldwide sees FY24 adjusted EPS $3.80-$3.90, consensus $3.85
