Zacks Research Reduces Earnings Estimates for Otis Worldwide

Otis Worldwide Corporation (NYSE:OTIS) – Research analysts at Zacks Research cut their FY2026 earnings per share (EPS) estimates for Otis Worldwide in a report released on Wednesday, August 12th. Zacks Research analyst Team now expects that the company will post earnings of $4.04 per share for the year, down from their prior estimate of $4.22. The consensus estimate for Otis Worldwide’s current full-year earnings is $4.02 per share. Zacks Research also issued estimates for Otis Worldwide’s Q1 2027 earnings at $1.02 EPS, Q2 2027 earnings at $1.12 EPS, Q3 2027 earnings at $1.12 EPS, Q4 2027 earnings at $1.15 EPS, FY2027 earnings at $4.41 EPS, Q1 2028 earnings at $1.12 EPS, Q2 2028 earnings at $1.26 EPS and FY2028 earnings at $4.89 EPS.

Otis Worldwide (NYSE:OTIS) last announced its quarterly earnings results on Wednesday, July 22nd. The company reported $1.01 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.01. The business had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $3.76 billion. Otis Worldwide had a negative return on equity of 28.50% and a net margin of 10.17%.The business’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter last year, the business posted $1.05 earnings per share. Otis Worldwide has set its FY 2026 guidance at 4.010-4.050 EPS.

Several other equities analysts also recently weighed in on OTIS. Sanford C. Bernstein dropped their target price on shares of Otis Worldwide from $97.00 to $90.00 and set an “outperform” rating for the company in a report on Thursday, July 23rd. Royal Bank Of Canada set a $90.00 price target on shares of Otis Worldwide in a report on Tuesday, July 28th. Morgan Stanley set a $75.00 price target on shares of Otis Worldwide in a research report on Monday. Evercore reissued an “outperform” rating and set a $95.00 price objective on shares of Otis Worldwide in a research note on Thursday, July 23rd. Finally, UBS Group set a $105.00 price objective on shares of Otis Worldwide in a research note on Thursday, April 23rd. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $92.91.

Otis Worldwide Stock Up 1.1%

Otis Worldwide stock opened at $73.84 on Thursday. Otis Worldwide has a 52 week low of $69.16 and a 52 week high of $94.57. The firm’s 50-day simple moving average is $72.43 and its 200 day simple moving average is $78.38. The firm has a market capitalization of $28.11 billion, a PE ratio of 18.98, a P/E/G ratio of 2.58 and a beta of 0.89.

Otis Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 14th will be paid a dividend of $0.44 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.4%. Otis Worldwide’s dividend payout ratio (DPR) is presently 45.24%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in OTIS. BlackRock Inc. purchased a new position in Otis Worldwide in the 2nd quarter valued at about $2,264,017,000. State Street Corp grew its holdings in shares of Otis Worldwide by 0.8% during the fourth quarter. State Street Corp now owns 16,128,197 shares of the company’s stock worth $1,408,798,000 after buying an additional 121,207 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Otis Worldwide by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 10,788,225 shares of the company’s stock valued at $945,020,000 after buying an additional 29,636 shares during the last quarter. Norges Bank acquired a new position in shares of Otis Worldwide in the fourth quarter valued at approximately $770,125,000. Finally, Franklin Resources Inc. raised its position in shares of Otis Worldwide by 5.7% in the fourth quarter. Franklin Resources Inc. now owns 7,842,153 shares of the company’s stock valued at $685,012,000 after buying an additional 422,519 shares during the last quarter. Institutional investors and hedge funds own 88.03% of the company’s stock.

Otis Worldwide Company Profile

Otis Worldwide Corporation is a manufacturer, installer and servicer of vertical transportation systems, including elevators, escalators and moving walkways. The company designs and supplies new equipment for commercial, residential and industrial buildings, and provides ongoing maintenance and repair services aimed at maximizing equipment availability and safety. Otis also offers modernization solutions to upgrade aging systems and improve performance, accessibility and energy efficiency.

In addition to new equipment sales, a significant portion of Otis’s business derives from long-term service contracts and responsive maintenance work.