Otis Worldwide Corporation (NYSE:OTIS) will look for mergers and acquisitions. During the second quarter 2022 earnings conference call, Judith Marks, said that 'Lastly, we still expect free cash flow to be robust at about $1.6 billion or approximately 125% conversion of GAAP net income. We will remain disciplined and balanced on capital allocation, advancing our bolt-on M&A strategy where it makes sense and returning cash to shareholders through dividends and share repurchases, which we're now in a position to increase to $700 million versus the $500 million target announced previously'.
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
97.1 USD | +1.01% | +5.81% | +8.53% |
May. 08 | Otis Worldwide Insider Sold Shares Worth $2,844,682, According to a Recent SEC Filing | MT |
May. 03 | ANALYST RECOMMENDATIONS : Alphabet, Amgen, Starbucks, PayPal, Moderna... |
EPS Revisions
1st Jan change | Capi. | |
---|---|---|
+8.53% | 38.87B | |
+15.54% | 27.62B | |
+9.19% | 26.77B | |
+17.79% | 7.96B | |
+10.49% | 2.59B | |
+13.99% | 2.07B | |
+10.10% | 1.96B | |
+14.32% | 1.71B | |
+72.11% | 1.45B | |
-99.92% | 1.24B |
- Stock Market
- Equities
- OTIS Stock
- News Otis Worldwide Corporation
- Otis Worldwide to Look for Mergers and Acquisitions