Zacks Research Lowers Earnings Estimates for Otis Worldwide

Key Points

• Zacks Research has lowered its FY2025 earnings estimate for Otis Worldwide to $4.03 per share from a previous forecast of $4.06.
• Despite a decrease in earnings estimates, Otis Worldwide reported Q2 earnings of $1.05 per share, which exceeded the consensus estimate of $1.03.
• Otis Worldwide recently announced a quarterly dividend of $0.42 per share, representing an annualized dividend yield of 1.9%.

Otis Worldwide Corporation (NYSE:OTIS - Free Report) - Analysts at Zacks Research cut their FY2025 earnings estimates for Otis Worldwide in a research report issued on Wednesday, August 13th. Zacks Research analyst S. Mukherjee now expects that the company will post earnings per share of $4.03 for the year, down from their prior forecast of $4.06. 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 Q1 2026 earnings at $0.98 EPS, Q2 2026 earnings at $1.06 EPS, Q4 2026 earnings at $1.17 EPS, FY2026 earnings at $4.31 EPS, Q1 2027 earnings at $1.10 EPS and FY2027 earnings at $4.76 EPS.

Otis Worldwide (NYSE:OTIS - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $3.73 billion. During the same quarter last year, the company posted $1.06 earnings per share. Otis Worldwide's quarterly revenue was down .2% on a year-over-year basis.

A number of other research analysts have also recently issued reports on the company. Royal Bank Of Canada cut their price target on Otis Worldwide from $108.00 to $105.00 and set an "outperform" rating for the company in a report on Monday, July 28th. JPMorgan Chase & Co. cut their price target on Otis Worldwide from $109.00 to $101.00 and set an "overweight" rating for the company in a report on Thursday, July 24th. Deutsche Bank Aktiengesellschaft assumed coverage on Otis Worldwide in a report on Monday, July 14th. They set a "hold" rating and a $109.00 price objective for the company. Morgan Stanley upped their target price on shares of Otis Worldwide from $97.00 to $105.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 8th. Finally, Wells Fargo & Company cut their target price on shares of Otis Worldwide from $100.00 to $93.00 and set an "equal weight" rating on the stock in a research report on Thursday, July 24th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $102.50.

Otis Worldwide Stock Performance

Shares of NYSE:OTIS opened at $88.25 on Thursday. Otis Worldwide has a 52 week low of $84.25 and a 52 week high of $106.83. The company's fifty day moving average is $94.49 and its 200-day moving average is $96.65. The company has a market capitalization of $34.64 billion, a PE ratio of 23.39, a P/E/G ratio of 4.23 and a beta of 0.95.

Institutional Trading of Otis Worldwide

Several large investors have recently modified their holdings of OTIS. Simon Quick Advisors LLC acquired a new stake in shares of Otis Worldwide during the first quarter valued at about $443,000. SG Americas Securities LLC acquired a new stake in shares of Otis Worldwide during the first quarter valued at about $2,533,000. Quintet Private Bank Europe S.A. boosted its stake in shares of Otis Worldwide by 3.4% during the first quarter. Quintet Private Bank Europe S.A. now owns 289,936 shares of the company's stock valued at $29,921,000 after purchasing an additional 9,467 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Otis Worldwide by 362.4% during the first quarter. Assenagon Asset Management S.A. now owns 438,896 shares of the company's stock valued at $45,294,000 after purchasing an additional 343,987 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC acquired a new stake in shares of Otis Worldwide during the first quarter valued at about $225,000. 88.03% of the stock is owned by institutional investors and hedge funds.

Otis Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 15th will be 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 of this dividend is Friday, August 15th. Otis Worldwide's dividend payout ratio is 44.44%.

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.

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