Zacks Research Raises Earnings Estimates for Otis Worldwide

Otis Worldwide Corporation (NYSE:OTIS) – Equities researchers at Zacks Research upped their FY2025 EPS estimates for Otis Worldwide in a research note issued on Wednesday, November 19th. Zacks Research analyst Team now forecasts that the company will earn $4.05 per share for the year, up from their previous estimate of $4.03. Zacks Research currently 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 Q4 2025 earnings at $1.03 EPS, Q2 2026 earnings at $1.07 EPS, Q3 2026 earnings at $1.11 EPS, Q4 2026 earnings at $1.17 EPS, FY2026 earnings at $4.33 EPS, Q2 2027 earnings at $1.18 EPS, Q3 2027 earnings at $1.19 EPS and FY2027 earnings at $4.69 EPS.

Otis Worldwide (NYSE:OTIS) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.05. Otis Worldwide had a net margin of 9.41% and a negative return on equity of 30.67%. The company had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.65 billion. During the same quarter last year, the firm earned $0.96 earnings per share. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. Otis Worldwide has set its FY 2025 guidance at 4.040-4.080 EPS.

OTIS has been the subject of several other reports. Wolfe Research set a $109.00 price objective on Otis Worldwide and gave the stock an “outperform” rating in a report on Wednesday, October 8th. Royal Bank Of Canada dropped their price target on shares of Otis Worldwide from $108.00 to $105.00 and set an “outperform” rating on the stock in a report on Monday, July 28th. JPMorgan Chase & Co. boosted their price objective on shares of Otis Worldwide from $105.00 to $111.00 and gave the company an “overweight” rating in a report on Wednesday, October 15th. Wells Fargo & Company increased 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 report on Monday, October 6th. Finally, Barclays lifted their target price on shares of Otis Worldwide from $90.00 to $92.00 and gave the stock an “underweight” rating in a research report on Thursday, October 30th. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $103.71.

Otis Worldwide Price Performance

OTIS stock opened at $86.55 on Thursday. Otis Worldwide has a 1-year low of $84.25 and a 1-year high of $106.83. The business has a fifty day moving average price of $90.55 and a 200-day moving average price of $92.47. The stock has a market capitalization of $33.73 billion, a P/E ratio of 25.53, a P/E/G ratio of 3.34 and a beta of 1.00.

Otis Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 14th will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Friday, November 14th. Otis Worldwide’s dividend payout ratio is 49.56%.

Insider Activity

In related news, CAO Michael Patrick Ryan sold 3,028 shares of the business’s stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $91.69, for a total transaction of $277,637.32. Following the completion of the sale, the chief accounting officer directly owned 2,628 shares in the company, valued at approximately $240,961.32. The trade was a 53.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.23% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in shares of Otis Worldwide during the 2nd quarter worth approximately $721,614,000. Marshall Wace LLP increased its position in Otis Worldwide by 5,291.5% in the second quarter. Marshall Wace LLP now owns 2,844,524 shares of the company’s stock worth $281,665,000 after purchasing an additional 2,791,765 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Otis Worldwide by 6.7% during the first quarter. JPMorgan Chase & Co. now owns 37,920,025 shares of the company’s stock valued at $3,913,347,000 after purchasing an additional 2,396,134 shares in the last quarter. Vanguard Group Inc. raised its stake in Otis Worldwide by 4.3% during the second quarter. Vanguard Group Inc. now owns 48,587,153 shares of the company’s stock valued at $4,811,100,000 after purchasing an additional 1,991,860 shares in the last quarter. Finally, Van ECK Associates Corp lifted its position in Otis Worldwide by 3,464.3% during the third quarter. Van ECK Associates Corp now owns 2,022,770 shares of the company’s stock valued at $184,942,000 after purchasing an additional 1,966,019 shares during the last quarter. 88.03% of the stock is currently owned by institutional investors.

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.