Zacks Research Cuts Earnings Estimates for Otis Worldwide

Otis Worldwide Corporation (NYSE:OTIS) – Investment analysts at Zacks Research decreased their Q4 2026 EPS estimates for Otis Worldwide in a report issued on Tuesday, September 16th. Zacks Research analyst Team now expects that the company will earn $1.14 per share for the quarter, down from their prior forecast of $1.17. Zacks Research has a “Strong Sell” rating on the stock. The consensus estimate for Otis Worldwide’s current full-year earnings is $4.04 per share.

A number of other equities research analysts also recently issued reports on OTIS. Wells Fargo & Company reduced their price objective on shares of Otis Worldwide from $100.00 to $93.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 24th. Barclays reduced their price target on shares of Otis Worldwide from $92.00 to $90.00 and set an “underweight” rating on the stock in a research note on Thursday, July 24th. JPMorgan Chase & Co. reduced their price target on shares of Otis Worldwide from $109.00 to $101.00 and set an “overweight” rating on the stock in a research note on Thursday, July 24th. Morgan Stanley raised their price target on shares of Otis Worldwide from $97.00 to $105.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 8th. Finally, Wolfe Research upgraded shares of Otis Worldwide from an “underperform” rating to a “peer perform” rating in a research note on Friday, July 25th. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Otis Worldwide has an average rating of “Hold” and an average price target of $102.50.

Otis Worldwide Stock Up 0.4%

Shares of Otis Worldwide stock opened at $89.60 on Thursday. The company has a market capitalization of $35.17 billion, a price-to-earnings ratio of 23.70, a PEG ratio of 4.29 and a beta of 0.98. Otis Worldwide has a 12-month low of $84.25 and a 12-month high of $106.83. The firm’s 50-day moving average price is $89.76 and its two-hundred day moving average price is $95.06.

Otis Worldwide (NYSE:OTIS) last announced its quarterly earnings data on Wednesday, July 23rd. The company reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.02. The firm had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.73 billion. Otis Worldwide had a net margin of 10.68% and a negative return on equity of 30.95%. The business’s revenue for the quarter was down .2% on a year-over-year basis. During the same period in the prior year, the company posted $1.06 earnings per share. Otis Worldwide has set its FY 2025 guidance at 4.000-4.10 EPS.

Otis Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 15th were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Friday, August 15th. Otis Worldwide’s payout ratio is currently 44.44%.

Institutional Investors Weigh In On Otis Worldwide

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tidal Investments LLC increased its position in shares of Otis Worldwide by 6.4% during the fourth quarter. Tidal Investments LLC now owns 34,524 shares of the company’s stock valued at $3,197,000 after buying an additional 2,079 shares during the period. Vident Advisory LLC increased its position in shares of Otis Worldwide by 14.4% during the fourth quarter. Vident Advisory LLC now owns 8,096 shares of the company’s stock valued at $750,000 after buying an additional 1,022 shares during the period. Waverly Advisors LLC bought a new stake in shares of Otis Worldwide during the fourth quarter valued at about $404,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Otis Worldwide by 9.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,602,727 shares of the company’s stock valued at $333,649,000 after buying an additional 316,890 shares during the period. Finally, Orion Capital Management LLC bought a new stake in shares of Otis Worldwide during the fourth quarter valued at about $35,000. 88.03% of the stock is currently owned by institutional investors.

About Otis Worldwide

Otis Worldwide Corporation engages in manufacturing, installation, and servicing of elevators and escalators in the United States, China, and internationally. The company operates in two segments, New Equipment and Service. The New Equipment segment designs, manufactures, sells, and installs a range of passenger and freight elevators, as well as escalators and moving walkways for residential and commercial buildings, and infrastructure projects.