Zacks Research Expects Increased Earnings for Otis Worldwide

Key Points

• Zacks Research has raised its Q2 2026 earnings per share (EPS) estimate for Otis Worldwide from $1.01 to $1.04, while also providing future earnings estimates for subsequent quarters, including $1.09 for Q3 2026 and $4.25 for FY2026.
• Wells Fargo increased its price objective on Otis Worldwide shares from $93.00 to $95.00, while Barclays and Royal Bank of Canada set their respective targets at $90.00 and $105.00 with varying ratings.
• Otis Worldwide's recent quarterly earnings report showed a profit of $1.05 per share, exceeding analysts' expectations, but revenue fell short of estimates at $3.60 billion.

Otis Worldwide Corporation (NYSE:OTIS - Free Report) - Investment analysts at Zacks Research increased their Q2 2026 earnings per share (EPS) estimates for Otis Worldwide in a research note issued on Wednesday, October 15th. Zacks Research analyst Team now expects that the company will post earnings of $1.04 per share for the quarter, up from their previous forecast of $1.01. Zacks Research has a "Hold" 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 Q3 2026 earnings at $1.09 EPS, Q4 2026 earnings at $1.15 EPS, FY2026 earnings at $4.25 EPS, Q2 2027 earnings at $1.17 EPS, Q3 2027 earnings at $1.18 EPS and FY2027 earnings at $4.67 EPS.

Several other research firms also recently issued reports on OTIS. Wells Fargo & Company upped their price objective on shares of Otis Worldwide from $93.00 to $95.00 and gave the company an "equal weight" rating in a research note on Monday, October 6th. Barclays decreased their target price on Otis Worldwide from $92.00 to $90.00 and set an "underweight" rating for the company in a research report on Thursday, July 24th. Royal Bank Of Canada cut their price target on Otis Worldwide from $108.00 to $105.00 and set an "outperform" rating on the stock in a research report on Monday, July 28th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Otis Worldwide in a research note on Wednesday, October 8th. Finally, Wolfe Research set a $109.00 target price on shares of Otis Worldwide and gave the stock an "outperform" rating in a research report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Otis Worldwide has an average rating of "Hold" and an average price target of $104.63.

Otis Worldwide Price Performance

NYSE OTIS opened at $90.64 on Friday. The firm's fifty day moving average price is $88.85 and its 200 day moving average price is $93.42. Otis Worldwide has a 12 month low of $84.25 and a 12 month high of $106.83. The company has a market capitalization of $35.57 billion, a price-to-earnings ratio of 23.98, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00.

Otis Worldwide (NYSE:OTIS - Get Free Report) 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.

Otis Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 15th were paid a $0.42 dividend. 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 44.44%.

Institutional Investors Weigh In On Otis Worldwide

Several large investors have recently modified their holdings of OTIS. Vanguard Group Inc. raised its position in Otis Worldwide by 4.3% during the 2nd quarter. Vanguard Group Inc. now owns 48,587,153 shares of the company's stock worth $4,811,100,000 after buying an additional 1,991,860 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Otis Worldwide by 6.7% in the first quarter. JPMorgan Chase & Co. now owns 37,920,025 shares of the company's stock valued at $3,913,347,000 after acquiring an additional 2,396,134 shares in the last quarter. Alliancebernstein L.P. increased its stake in shares of Otis Worldwide by 3.2% during the second quarter. Alliancebernstein L.P. now owns 19,378,760 shares of the company's stock worth $1,918,885,000 after acquiring an additional 603,860 shares during the period. Geode Capital Management LLC raised its holdings in Otis Worldwide by 1.2% during the second quarter. Geode Capital Management LLC now owns 10,673,127 shares of the company's stock worth $1,057,594,000 after purchasing an additional 129,458 shares in the last quarter. Finally, Norges Bank acquired a new stake in Otis Worldwide in the second quarter valued at about $721,614,000. Hedge funds and other institutional investors own 88.03% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.