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'.
Real-time Estimate
Other stock markets
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5-day change | 1st Jan Change | ||
97.11 USD | -0.02% | +0.32% | +8.53% |
05-23 | Some of the biggest splits in Corporate America | RE |
05-13 | Argus Adjusts Otis Worldwide's Price Target to $108 From $102 | MT |
EPS Revisions
1st Jan change | Capi. | |
---|---|---|
+8.53% | 39.27B | |
+18.30% | 27.8B | |
+8.08% | 27.15B | |
+0.56% | 6.87B | |
+18.12% | 2.19B | |
+18.37% | 2.11B | |
+9.86% | 1.65B | |
+78.10% | 1.55B | |
-99.92% | 1.24B | |
-9.92% | 1.06B |
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