Zacks Research Lowers Earnings Estimates for Otis Worldwide

Key Points

• Zacks Research has lowered its Q4 2026 earnings estimates for Otis Worldwide from $1.17 to $1.14 per share, maintaining a "Strong Sell" rating on the stock.
• The average analyst rating for Otis Worldwide is currently a "Hold," with a consensus target price of $102.50, while other analysts have adjusted their price targets downward.
• Otis Worldwide recently declared a quarterly dividend of $0.42, representing a 1.9% yield, with a payout ratio of 44.44%.

Otis Worldwide Corporation (NYSE:OTIS - Free Report) - Zacks Research cut their Q4 2026 earnings per share estimates for Otis Worldwide in a report issued on Tuesday, September 16th. Zacks Research analyst Team now anticipates that the company will earn $1.14 per share for the quarter, down from their previous forecast of $1.17. Zacks Research currently 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 research analysts have also recently commented on the company. Morgan Stanley increased their target price on Otis Worldwide from $97.00 to $105.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 8th. Deutsche Bank Aktiengesellschaft began coverage on Otis Worldwide in a research note on Monday, July 14th. They set a "hold" rating and a $109.00 price objective on the stock. Barclays reduced their price objective 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. JPMorgan Chase & Co. raised their target price on Otis Worldwide from $101.00 to $105.00 and gave the stock an "overweight" rating in a research note on Thursday. Finally, Wolfe Research raised Otis Worldwide from an "underperform" rating to a "peer perform" rating in a research note on Friday, July 25th. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $103.00.

Otis Worldwide Trading Up 0.4%

Shares of NYSE OTIS traded up $0.33 during midday trading on Thursday, hitting $89.49. 754,980 shares of the company's stock were exchanged, compared to its average volume of 2,847,862. The company has a market cap of $35.12 billion, a price-to-earnings ratio of 23.67, 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 business's fifty day moving average price is $89.36 and its two-hundred day moving average price is $94.82.

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

Hedge Funds Weigh In On Otis Worldwide

Hedge funds have recently added to or reduced their stakes in the company. NBC Securities Inc. purchased a new position in Otis Worldwide in the 1st quarter worth approximately $25,000. Wayfinding Financial LLC bought a new stake in Otis Worldwide in the 1st quarter worth approximately $31,000. Chilton Capital Management LLC bought a new stake in Otis Worldwide in the 2nd quarter worth approximately $31,000. Nemes Rush Group LLC grew its position in Otis Worldwide by 75.4% in the 2nd quarter. Nemes Rush Group LLC now owns 314 shares of the company's stock worth $31,000 after purchasing an additional 135 shares during the period. Finally, Cheviot Value Management LLC bought a new stake in Otis Worldwide in the 1st quarter worth approximately $31,000. 88.03% of the stock is currently owned by hedge funds and other institutional investors.

Otis Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Friday, August 15th. Otis Worldwide's dividend payout ratio (DPR) is presently 44.44%.

Otis Worldwide Company Profile

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.