Zacks Research Forecasts Lower Earnings for Otis Worldwide

Otis Worldwide Corporation (NYSE:OTIS) – Analysts at Zacks Research dropped their Q1 2026 EPS estimates for shares of Otis Worldwide in a report released on Wednesday, February 18th. Zacks Research analyst Team now expects that the company will post earnings per share of $0.93 for the quarter, down from their prior estimate of $0.98. 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 Q2 2026 earnings at $1.06 EPS and FY2026 earnings at $4.29 EPS.

Otis Worldwide (NYSE:OTIS) last issued its earnings results on Wednesday, January 28th. The company reported $1.03 EPS for the quarter, hitting analysts’ consensus estimates of $1.03. The firm had revenue of $3.80 billion during the quarter, compared to the consensus estimate of $3.88 billion. Otis Worldwide had a net margin of 9.59% and a negative return on equity of 30.42%. The company’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.93 earnings per share.

Several other research firms have also recently weighed in on OTIS. Weiss Ratings restated a “hold (c)” rating on shares of Otis Worldwide in a research note on Monday, December 29th. New Street Research set a $98.00 price objective on shares of Otis Worldwide in a report on Friday, January 30th. Barclays upped their target price on shares of Otis Worldwide from $90.00 to $92.00 and gave the company an “underweight” rating in a report on Thursday, October 30th. BNP Paribas Exane raised shares of Otis Worldwide from a “neutral” rating to an “outperform” rating and set a $105.00 target price on the stock in a research report on Tuesday, December 9th. Finally, JPMorgan Chase & Co. cut shares of Otis Worldwide from an “overweight” rating to a “neutral” rating and set a $98.00 price target for the company. in a research report on Friday, January 30th. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $101.44.

Otis Worldwide Stock Performance

NYSE:OTIS opened at $92.66 on Monday. Otis Worldwide has a 1 year low of $84.00 and a 1 year high of $106.83. The stock has a market cap of $36.02 billion, a P/E ratio of 26.47, a P/E/G ratio of 2.79 and a beta of 1.01. The stock has a 50-day simple moving average of $89.22 and a 200-day simple moving average of $89.16.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Otis Worldwide in the 4th quarter valued at approximately $770,125,000. Marshall Wace LLP raised 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 acquiring an additional 2,791,765 shares in the last quarter. Millennium Management LLC lifted its holdings in Otis Worldwide by 1,047.0% in the fourth quarter. Millennium Management LLC now owns 2,387,466 shares of the company’s stock valued at $208,545,000 after acquiring an additional 2,179,314 shares during the period. Vanguard Group Inc. boosted its position in shares of 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 purchasing an additional 1,991,860 shares in the last quarter. Finally, Van ECK Associates Corp boosted its position in shares of Otis Worldwide by 97.9% during the 4th quarter. Van ECK Associates Corp now owns 4,002,589 shares of the company’s stock worth $349,626,000 after purchasing an additional 1,979,819 shares in the last quarter. 88.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Otis Worldwide

In other Otis Worldwide news, insider Montlivault Stephane De sold 47,944 shares of Otis Worldwide stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $92.25, for a total value of $4,422,834.00. Following the transaction, the insider directly owned 29,176 shares in the company, valued at approximately $2,691,486. The trade was a 62.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Judith Fran Marks sold 56,107 shares of the stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $90.89, for a total transaction of $5,099,565.23. Following the sale, the chief executive officer owned 231,072 shares of the company’s stock, valued at $21,002,134.08. This trade represents a 19.54% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 158,013 shares of company stock valued at $14,337,635. Company insiders own 0.23% of the company’s stock.

Otis Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 13th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Friday, February 13th. Otis Worldwide’s dividend payout ratio (DPR) is presently 48.00%.

About Otis Worldwide

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.