Otis Worldwide (NYSE:OTIS) Releases FY 2026 Earnings Guidance

Otis Worldwide (NYSE:OTIS) issued an update on its FY 2026 earnings guidance on Friday morning. The company provided EPS guidance of 4.010-4.050 for the period, compared to the consensus EPS estimate of 4.040. The company issued revenue guidance of $15.1 billion-$15.3 billion, compared to the consensus revenue estimate of $15.3 billion.

Otis Worldwide Stock Up 1.1%

Shares of NYSE:OTIS traded up $0.84 during midday trading on Friday, reaching $75.45. The company’s stock had a trading volume of 302,883 shares, compared to its average volume of 3,924,463. The firm has a market cap of $28.72 billion, a price-to-earnings ratio of 18.75, a price-to-earnings-growth ratio of 2.56 and a beta of 0.87. Otis Worldwide has a 1 year low of $63.58 and a 1 year high of $94.57. The business has a 50 day moving average price of $69.60 and a 200 day moving average price of $76.50.

Otis Worldwide (NYSE:OTIS) last released its quarterly earnings data on Wednesday, October 28th. The company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.04. Otis Worldwide had a negative return on equity of 28.45% and a net margin of 10.28%. The company had revenue of $3.91 billion for the quarter, compared to the consensus estimate of $3.85 billion. During the same period last year, the business posted $1.05 EPS. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. Sell-side analysts anticipate that Otis Worldwide will post 4.03 earnings per share for the current fiscal year.

Otis Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 11th. Shareholders of record on Friday, November 13th will be paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Friday, November 13th. Otis Worldwide’s payout ratio is currently 45.24%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on OTIS shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Otis Worldwide in a report on Wednesday, August 12th. Sanford C. Bernstein boosted their price objective on shares of Otis Worldwide from $90.00 to $94.00 and gave the stock an “outperform” rating in a report on Thursday. Royal Bank Of Canada set a $90.00 target price on Otis Worldwide in a research note on Tuesday, July 28th. Wells Fargo & Company cut their price target on Otis Worldwide from $77.00 to $75.00 and set an “underweight” rating on the stock in a research note on Thursday. Finally, Evercore restated an “outperform” rating and set a $95.00 price objective on shares of Otis Worldwide in a research note on Thursday, July 23rd. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Otis Worldwide presently has an average rating of “Hold” and a consensus price target of $91.20.

Key Headlines Impacting Otis Worldwide

Here are the key news stories impacting Otis Worldwide this week:

• Positive Sentiment: Third-quarter results exceeded expectations. Otis reported adjusted EPS of $1.05 versus the $1.01 consensus and revenue of $3.91 billion versus $3.85 billion. Service and modernization growth helped offset weakness in China and lower New Equipment margins. OTIS Q3 Earnings and Revenues Beat Estimates on Strong Service Growth
• Positive Sentiment: Otis declared its quarterly dividend of $0.44 per share. The payment is scheduled for December 11 for shareholders of record on November 13, representing an annualized dividend of $1.76 and an indicated yield of approximately 2.4%. Otis Declares Quarterly Dividend of $0.44 per Share
• Positive Sentiment: BNP Paribas raised its price target to $90 from $86, indicating improved expectations despite the quarter’s operational challenges. BNP Paribas Adjusts Price Target on Otis Worldwide
• Neutral Sentiment: Analysts continue to assess Otis against industrial peers. A comparison with Albany International provides context on valuation, profitability and business quality but does not represent a direct change to Otis’s outlook. Head-to-Head Contrast: Otis Worldwide and Albany International
• Negative Sentiment: Fiscal 2026 guidance is cautious. EPS guidance of $4.01-$4.05 brackets the $4.04 consensus, but revenue guidance of $15.1-$15.3 billion has a midpoint below the $15.3 billion consensus. Investors may view this as limited growth momentum.
• Negative Sentiment: Margin pressure remains a concern. New Equipment margins contracted, while China weakness persists, creating risk that service growth will not fully offset weaker lower-margin operations. Otis Beats Estimates as Elevator Service Growth Offsets China Weakness
• Negative Sentiment: Some analysts reduced their outlook. Evercore ISI cut its target to $95 from $100, while Wells Fargo lowered its target to $75 from $77 and maintained an Underweight rating. Evercore ISI Adjusts Price Target on Otis Worldwide

Otis Worldwide Company Profile

Otis Worldwide Corporation (NYSE: OTIS) is a global manufacturer and service provider for the elevator and escalator industry. The company designs, manufactures, installs, modernizes and maintains elevators, escalators and moving walkways for commercial buildings, residential developments, transportation hubs and other infrastructure projects.

Otis provides equipment for new construction as well as maintenance, repair and modernization services for existing systems. Its service operations support equipment from Otis and other manufacturers, helping building owners and operators manage the safety, performance and lifecycle of vertical transportation systems.

The company traces its history to 1853, when Elisha Otis demonstrated a safety device for elevators.