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

Otis Worldwide (NYSE:OTIS) updated its FY 2026 earnings guidance on Wednesday. The company provided EPS guidance of 4.200-4.240 for the period, compared to the consensus EPS estimate of 4.240. The company issued revenue guidance of $15.1 billion-$15.3 billion, compared to the consensus revenue estimate of $15.1 billion.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Evercore assumed coverage on Otis Worldwide in a research note on Monday, April 13th. They set an “outperform” rating and a $100.00 target price on the stock. Wall Street Zen downgraded Otis Worldwide from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. New Street Research set a $98.00 target price on Otis Worldwide in a research note on Friday, January 30th. Wells Fargo & Company dropped their price objective on Otis Worldwide from $92.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 1st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Otis Worldwide in a report on Friday, March 27th. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Otis Worldwide presently has an average rating of “Hold” and an average target price of $98.90.

Otis Worldwide Stock Down 2.3%

Shares of Otis Worldwide stock opened at $78.90 on Wednesday. The firm has a market cap of $30.67 billion, a price-to-earnings ratio of 22.54, a price-to-earnings-growth ratio of 2.47 and a beta of 1.05. The business has a fifty day simple moving average of $84.21 and a 200-day simple moving average of $87.49. Otis Worldwide has a fifty-two week low of $75.27 and a fifty-two week high of $101.42.

Otis Worldwide (NYSE:OTIS) last announced its quarterly earnings data on Wednesday, April 22nd. The company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.19). The firm had revenue of $3.57 billion during the quarter, compared to analyst estimates of $3.77 billion. Otis Worldwide had a net margin of 9.59% and a negative return on equity of 30.42%. Otis Worldwide has set its FY 2026 guidance at 4.200-4.240 EPS. Analysts anticipate that Otis Worldwide will post 4.23 earnings per share for the current fiscal year.

Otis Worldwide Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 15th will be issued a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 2.2%. This is a positive change from Otis Worldwide’s previous quarterly dividend of $0.42. The ex-dividend date is Friday, May 15th. Otis Worldwide’s payout ratio is currently 48.00%.

Insider Transactions at Otis Worldwide

In other news, CEO Judith Fran Marks sold 56,107 shares of the business’s stock in a transaction on 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 directly owned 231,072 shares of the company’s stock, valued at $21,002,134.08. The trade was a 19.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Michael Patrick Ryan sold 1,182 shares of the business’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $90.06, for a total value of $106,450.92. Following the sale, the chief accounting officer directly owned 3,504 shares in the company, valued at $315,570.24. This trade represents a 25.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 158,013 shares of company stock worth $14,337,635. Corporate insiders own 0.23% of the company’s stock.

Institutional Investors Weigh In On Otis Worldwide

A number of institutional investors and hedge funds have recently modified their holdings of OTIS. Jones Financial Companies Lllp raised its position in shares of Otis Worldwide by 3.4% during the first quarter. Jones Financial Companies Lllp now owns 9,199 shares of the company’s stock worth $949,000 after purchasing an additional 304 shares during the period. Empowered Funds LLC raised its position in shares of Otis Worldwide by 10.5% during the first quarter. Empowered Funds LLC now owns 8,988 shares of the company’s stock worth $928,000 after purchasing an additional 857 shares during the period. Acadian Asset Management LLC raised its position in shares of Otis Worldwide by 63.7% during the first quarter. Acadian Asset Management LLC now owns 4,045 shares of the company’s stock worth $417,000 after purchasing an additional 1,574 shares during the period. Baird Financial Group Inc. raised its position in shares of Otis Worldwide by 7.1% during the second quarter. Baird Financial Group Inc. now owns 32,245 shares of the company’s stock worth $3,193,000 after purchasing an additional 2,132 shares during the period. Finally, NewEdge Advisors LLC raised its position in shares of Otis Worldwide by 13.3% during the second quarter. NewEdge Advisors LLC now owns 10,222 shares of the company’s stock worth $1,012,000 after purchasing an additional 1,196 shares during the period. 88.03% of the stock is owned by institutional investors and hedge funds.

Otis Worldwide Company Profile

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.