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'.
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5-day change | 1st Jan Change | ||
98.83 USD | -0.37% | +3.76% | +10.46% |
31/05 | Wolfe Adjusts Price Target on Otis Worldwide to $109 From $104 | MT |
23/05 | Some of the biggest splits in Corporate America | RE |
EPS Revisions
1st Jan change | Capi. | |
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+10.46% | 40.11B | |
+15.04% | 27.39B | |
+4.81% | 26.26B | |
-1.61% | 6.47B | |
+2.06% | 2.53B | |
+15.60% | 2.13B | |
+13.98% | 2.05B | |
+8.93% | 1.68B | |
+85.58% | 1.63B | |
-99.92% | 1.24B |
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