Q3 EPS Estimates for Otis Worldwide Cut by Zacks Research

Key Points

• Zacks Research has cut its Q3 2025 EPS estimate for Otis Worldwide from $1.06 to $1.00, impacting the consensus estimate for the company's full-year earnings to $4.04 per share.
• Otis Worldwide's stock has a current average target price of $102.50, with various analysts adjusting their price targets in recent months.
• The company recently announced a $0.42 quarterly dividend, which will be paid on September 5th, reflecting an annualized yield of 1.9%.

Otis Worldwide Corporation (NYSE:OTIS - Free Report) - Research analysts at Zacks Research decreased their Q3 2025 earnings per share estimates for shares of Otis Worldwide in a note issued to investors on Wednesday, August 13th. Zacks Research analyst S. Mukherjee now forecasts that the company will post earnings per share of $1.00 for the quarter, down from their prior estimate of $1.06. 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 Q4 2025 earnings at $1.06 EPS and Q3 2026 earnings at $1.10 EPS.

A number of other equities analysts have also recently weighed in on OTIS. JPMorgan Chase & Co. decreased their price objective on Otis Worldwide from $109.00 to $101.00 and set an "overweight" rating on the stock in a report on Thursday, July 24th. Royal Bank Of Canada decreased their price objective on Otis Worldwide from $108.00 to $105.00 and set an "outperform" rating on the stock in a report on Monday, July 28th. Barclays decreased their price target on Otis Worldwide from $92.00 to $90.00 and set an "underweight" rating on the stock in a research note on Thursday, July 24th. Wolfe Research raised Otis Worldwide from an "underperform" rating to a "peer perform" rating in a research note on Friday, July 25th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Otis Worldwide in a research note on Monday, July 14th. They issued a "hold" rating and a $109.00 price target on the stock. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $102.50.

Otis Worldwide Stock Up 1.1%

Shares of NYSE OTIS traded up $0.9280 during trading hours on Friday, reaching $88.5380. 5,698,908 shares of the stock traded hands, compared to its average volume of 2,770,646. The company has a market capitalization of $34.75 billion, a P/E ratio of 23.42, a price-to-earnings-growth ratio of 4.21 and a beta of 0.95. Otis Worldwide has a 52-week low of $84.25 and a 52-week high of $106.83. The company's 50-day simple moving average is $94.02 and its two-hundred day simple moving average is $96.49.

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

Otis Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 15th will be given a dividend of $0.42 per share. The ex-dividend date is Friday, August 15th. This represents a $1.68 annualized dividend and a dividend yield of 1.9%. Otis Worldwide's payout ratio is currently 44.44%.

Institutional Investors Weigh In On Otis Worldwide

Several hedge funds have recently added to or reduced their stakes in OTIS. Renaissance Technologies LLC bought a new stake in Otis Worldwide in the fourth quarter worth $10,409,000. Raymond James Financial Inc. bought a new stake in Otis Worldwide in the fourth quarter worth $24,451,000. Townsquare Capital LLC boosted its holdings in Otis Worldwide by 34.5% in the fourth quarter. Townsquare Capital LLC now owns 7,026 shares of the company's stock worth $651,000 after acquiring an additional 1,801 shares in the last quarter. Mariner LLC boosted its holdings in Otis Worldwide by 4.0% in the fourth quarter. Mariner LLC now owns 72,339 shares of the company's stock worth $6,699,000 after acquiring an additional 2,785 shares in the last quarter. Finally, CreativeOne Wealth LLC boosted its holdings in Otis Worldwide by 32.0% in the fourth quarter. CreativeOne Wealth LLC now owns 2,917 shares of the company's stock worth $270,000 after acquiring an additional 707 shares in the last quarter. 88.03% of the stock is 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.