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) - Stock analysts at Zacks Research decreased their Q4 2026 earnings estimates for Otis Worldwide in a research report issued to clients and investors on Tuesday, September 16th. Zacks Research analyst Team now anticipates that the company will post earnings per share of $1.14 for the quarter, down from their previous estimate 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.

Otis Worldwide (NYSE:OTIS - Get Free Report) last announced its earnings results 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 business had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.73 billion. During the same quarter last year, the firm earned $1.06 earnings per share. Otis Worldwide'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.

A number of other brokerages also recently weighed in on OTIS. Wells Fargo & Company lowered their target price on shares of Otis Worldwide from $100.00 to $93.00 and set an "equal weight" rating for the company in a research note on Thursday, July 24th. JPMorgan Chase & Co. raised their price target on shares of Otis Worldwide from $101.00 to $105.00 and gave the stock an "overweight" rating in a report on Thursday. Royal Bank Of Canada reduced their price target on shares of Otis Worldwide from $108.00 to $105.00 and set an "outperform" rating for the company in a report on Monday, July 28th. Morgan Stanley raised their price target on shares of Otis Worldwide from $97.00 to $105.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 8th. Finally, Wolfe Research upgraded shares of Otis Worldwide from an "underperform" rating to a "peer perform" rating in a report on Friday, July 25th. Two investment 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. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $103.00.

Otis Worldwide Price Performance

NYSE OTIS traded down $1.10 during mid-day trading on Thursday, reaching $89.25. 6,993,916 shares of the stock were exchanged, compared to its average volume of 2,976,025. Otis Worldwide has a one year low of $84.25 and a one year high of $106.83. The stock has a 50 day simple moving average of $89.36 and a 200-day simple moving average of $94.87. The stock has a market cap of $35.03 billion, a P/E ratio of 23.61, a P/E/G ratio of 4.29 and a beta of 0.98.

Institutional Trading of Otis Worldwide

Hedge funds and other institutional investors have recently modified their holdings of the business. NBC Securities Inc. purchased a new position in Otis Worldwide during the first quarter valued at approximately $25,000. Wayfinding Financial LLC purchased a new position in Otis Worldwide during the first quarter valued at approximately $31,000. Cheviot Value Management LLC purchased a new position in Otis Worldwide during the first quarter valued at approximately $31,000. Chilton Capital Management LLC purchased a new position in Otis Worldwide during the second quarter valued at approximately $31,000. Finally, Nemes Rush Group LLC grew its stake in Otis Worldwide by 75.4% during the second quarter. Nemes Rush Group LLC now owns 314 shares of the company's stock valued at $31,000 after acquiring an additional 135 shares in the last quarter. Institutional investors own 88.03% of the company's stock.

Otis Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were given a $0.42 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.68 annualized dividend and a dividend yield of 1.9%. Otis Worldwide's payout ratio is 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.