Otis Worldwide (NYSE:OTIS) Updates FY 2026 Earnings Guidance

Posted by Stanley Muller on Jul 24th, 2026

Otis Worldwide (NYSE:OTIS – Get Free Report) updated its FY 2026 earnings guidance on Wednesday morning. The company provided EPS guidance of 4.010-4.050 for the period, compared to the consensus EPS estimate of 4.200. The company issued revenue guidance of $15.1 billion-$15.3 billion, compared to the consensus revenue estimate of $15.1 billion.

Otis Worldwide Price Performance

Shares of NYSE:OTIS opened at $70.87 on Friday. Otis Worldwide has a 12 month low of $69.16 and a 12 month high of $94.57. The firm has a market capitalization of $27.20 billion, a P/E ratio of 18.22, a P/E/G ratio of 2.61 and a beta of 0.90. The company’s fifty day moving average price is $71.94 and its 200 day moving average price is $80.02.

Otis Worldwide (NYSE:OTIS – Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The company reported $1.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.01. The company had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.76 billion. Otis Worldwide had a net margin of 10.17% and a negative return on equity of 28.50%. Otis Worldwide’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.05 earnings per share. Otis Worldwide has set its FY 2026 guidance at 4.010-4.050 EPS. On average, sell-side analysts anticipate that Otis Worldwide will post 4.03 EPS for the current year.

Otis Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 14th will be issued a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Friday, August 14th. Otis Worldwide’s payout ratio is presently 46.81%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on OTIS shares. Sanford C. Bernstein dropped their price target on Otis Worldwide from $97.00 to $90.00 and set an “outperform” rating on the stock in a research note on Thursday. Wells Fargo & Company reduced their price objective on Otis Worldwide from $92.00 to $80.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 1st. Barclays decreased their price objective on Otis Worldwide from $80.00 to $77.00 and set an “underweight” rating for the company in a report on Thursday, April 23rd. UBS Group set a $105.00 target price on shares of Otis Worldwide in a research report on Thursday, April 23rd. Finally, Morgan Stanley set a $88.00 target price on shares of Otis Worldwide in a report on Friday, April 24th. Four equities research 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. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $95.45.

Check Out Our Latest Research Report on OTIS

Trending Headlines about Otis Worldwide

Here are the key news stories impacting Otis Worldwide this week:

Positive Sentiment: Otis beat Q2 estimates, with EPS of $1.01 matching consensus and revenue of $3.86 billion coming in above forecasts. Article Title
Positive Sentiment: Service sales remained a bright spot, rising 11% in the quarter, while modernization orders increased and backlog grew 24% year over year, supporting longer-term demand visibility. Article Title
Positive Sentiment: The board declared a quarterly dividend of $0.44 per share, reinforcing shareholder returns. Article Title
Neutral Sentiment: Otis raised its full-year revenue outlook to about $15.1 billion-$15.3 billion, but management’s new EPS guidance of $4.01-$4.05 was below prior expectations, limiting enthusiasm. Article Title
Negative Sentiment: The market is reacting to another guidance cut, which points to margin strain and cost pressures even as sales improved. Article Title
Negative Sentiment: New Equipment weakness and lower adjusted operating profit suggest the turnaround is still incomplete, weighing on investor sentiment. Article Title

Institutional Trading of Otis Worldwide

Hedge funds have recently added to or reduced their stakes in the stock. AQR Capital Management LLC grew its position in Otis Worldwide by 125.7% in the 3rd quarter. AQR Capital Management LLC now owns 2,596,355 shares of the company’s stock valued at $236,891,000 after buying an additional 1,445,904 shares during the last quarter. Scharf Investments LLC purchased a new position in Otis Worldwide during the 3rd quarter worth $73,200,000. Bank of Montreal Can lifted its stake in shares of Otis Worldwide by 252.0% in the 4th quarter. Bank of Montreal Can now owns 1,073,936 shares of the company’s stock worth $93,808,000 after acquiring an additional 768,859 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Otis Worldwide by 141.5% in the 4th quarter. Renaissance Technologies LLC now owns 1,296,600 shares of the company’s stock worth $113,258,000 after acquiring an additional 759,700 shares during the period. Finally, Balyasny Asset Management L.P. purchased a new stake in shares of Otis Worldwide in the third quarter valued at about $59,127,000. 88.03% of the stock is owned by institutional investors and hedge funds.

Otis Worldwide Company Profile

(Get Free Report)

Otis Worldwide Corporation is a manufacturer, installer and servicer of vertical transportation systems, including elevators, escalators and moving walkways. The company designs and supplies new equipment for commercial, residential and industrial buildings, and provides ongoing maintenance and repair services aimed at maximizing equipment availability and safety. Otis also offers modernization solutions to upgrade aging systems and improve performance, accessibility and energy efficiency.

In addition to new equipment sales, a significant portion of Otis’s business derives from long-term service contracts and responsive maintenance work.