Zacks Research Expects Reduced Earnings for Otis Worldwide

Otis Worldwide Corporation (NYSE:OTIS) – Equities researchers at Zacks Research dropped their Q1 2026 earnings estimates for Otis Worldwide in a note issued to investors on Tuesday, September 16th. Zacks Research analyst Team now anticipates that the company will post earnings per share of $0.96 for the quarter, down from their prior estimate of $0.98. 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. Zacks Research also issued estimates for Otis Worldwide’s Q2 2026 earnings at $1.01 EPS, Q3 2026 earnings at $1.08 EPS, FY2026 earnings at $4.19 EPS, Q1 2027 earnings at $1.07 EPS, Q2 2027 earnings at $1.15 EPS and FY2027 earnings at $4.63 EPS.

A number of other brokerages have also issued reports on OTIS. JPMorgan Chase & Co. lowered their target price on shares of Otis Worldwide from $109.00 to $101.00 and set an “overweight” rating on the stock in a research report on Thursday, July 24th. Morgan Stanley lifted their price objective on shares of Otis Worldwide from $97.00 to $105.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 8th. Royal Bank Of Canada lowered their price objective on shares of Otis Worldwide from $108.00 to $105.00 and set an “outperform” rating on the stock in a research report on Monday, July 28th. Wells Fargo & Company lowered 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 report on Thursday, July 24th. Finally, Barclays lowered their price objective on shares of Otis Worldwide from $92.00 to $90.00 and set an “underweight” rating on the stock in a research report on Thursday, July 24th. Two equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Otis Worldwide currently has a consensus rating of “Hold” and an average target price of $102.50.

Otis Worldwide Trading Down 0.4%

Shares of OTIS opened at $89.23 on Wednesday. The firm has a market cap of $35.02 billion, a PE ratio of 23.61, a price-to-earnings-growth ratio of 4.31 and a beta of 0.98. The company’s 50 day simple moving average is $89.95 and its 200-day simple moving average is $95.10. Otis Worldwide has a 12-month low of $84.25 and a 12-month high of $106.83.

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Berkshire Money Management Inc. raised its stake in Otis Worldwide by 5.0% in the 2nd quarter. Berkshire Money Management Inc. now owns 2,100 shares of the company’s stock valued at $208,000 after purchasing an additional 100 shares during the last quarter. Park Avenue Securities LLC increased its stake in shares of Otis Worldwide by 0.8% during the 2nd quarter. Park Avenue Securities LLC now owns 13,876 shares of the company’s stock valued at $1,374,000 after acquiring an additional 104 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Otis Worldwide by 15.3% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 828 shares of the company’s stock valued at $85,000 after acquiring an additional 110 shares during the last quarter. PFG Investments LLC increased its stake in shares of Otis Worldwide by 3.7% during the 2nd quarter. PFG Investments LLC now owns 3,428 shares of the company’s stock valued at $339,000 after acquiring an additional 121 shares during the last quarter. Finally, PKS Advisory Services LLC increased its stake in shares of Otis Worldwide by 4.9% during the 2nd quarter. PKS Advisory Services LLC now owns 2,575 shares of the company’s stock valued at $255,000 after acquiring an additional 121 shares during the last quarter. Institutional investors and hedge funds own 88.03% of the company’s stock.

Otis Worldwide Dividend Announcement

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

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.