Otis Worldwide (OTIS) Expected to Release Quarterly Earnings on Wednesday

Otis Worldwide (NYSE:OTIS) is expected to be releasing its Q3 2026 results before the market opens on Wednesday, October 28th. Analysts expect Otis Worldwide to announce earnings of $1.01 per share and revenue of $3.85 billion for the quarter. Investors can check the company’s upcoming Q3 2026 earnings summary page for the latest details on the call scheduled for Wednesday, October 28, 2026 at 8:30 AM ET.

Otis Worldwide (NYSE:OTIS) last released its earnings results on Wednesday, July 22nd. The company reported $1.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.01. Otis Worldwide had a negative return on equity of 28.50% and a net margin of 10.17%. The firm had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same period in the prior year, the firm earned $1.05 EPS. The firm’s revenue was up 7.3% on a year-over-year basis. On average, analysts expect Otis Worldwide to post $4.03 EPS for the current fiscal year and $4.47 EPS for the next fiscal year.

Otis Worldwide Price Performance

NYSE OTIS opened at $72.06 on Wednesday. The company has a market cap of $27.43 billion, a price-to-earnings ratio of 18.52, a PEG ratio of 2.49 and a beta of 0.87. The stock’s fifty day moving average price is $69.27 and its 200 day moving average price is $72.33. Otis Worldwide has a 1 year low of $63.58 and a 1 year high of $94.57.

Otis Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 11th. Shareholders of record on Friday, August 14th were given a dividend of $0.44 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $1.76 dividend on an annualized basis and a yield of 2.4%. Otis Worldwide’s payout ratio is currently 45.24%.

Analysts Set New Price Targets

Several research firms have weighed in on OTIS. Morgan Stanley set a $75.00 price target on Otis Worldwide in a research note on Monday, August 10th. Wells Fargo & Company started coverage on Otis Worldwide in a report on Thursday, September 24th. They issued an “underweight” rating and a $77.00 price objective on the stock. Royal Bank Of Canada set a $90.00 price objective on Otis Worldwide in a research note on Tuesday, July 28th. Evercore reaffirmed an “outperform” rating and set a $95.00 target price on shares of Otis Worldwide in a report on Thursday, July 23rd. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Otis Worldwide in a report on Wednesday, August 12th. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Otis Worldwide has a consensus rating of “Hold” and an average target price of $91.00.

About Otis Worldwide

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.