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

Otis Worldwide (NYSE:OTIS) updated its FY 2026 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 4.010-4.050 for the period, compared to the consensus earnings per share 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 OTIS stock opened at $71.89 on Wednesday. The stock has a market cap of $27.59 billion, a PE ratio of 19.12, a price-to-earnings-growth ratio of 2.64 and a beta of 0.90. The stock has a 50-day moving average of $72.03 and a 200-day moving average of $80.27. Otis Worldwide has a one year low of $69.16 and a one year high of $101.14.

Otis Worldwide (NYSE:OTIS) last released its quarterly earnings data on Wednesday, July 22nd. The company reported $1.01 earnings per share for the quarter, hitting the consensus estimate of $1.01. Otis Worldwide had a net margin of 10.11% and a negative return on equity of 29.39%. The business had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.75 billion. Otis Worldwide has set its FY 2026 guidance at 4.010-4.050 EPS. As a group, research analysts anticipate that Otis Worldwide will post 4.16 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on OTIS shares. Sanford C. Bernstein initiated coverage on Otis Worldwide in a research note on Tuesday, June 9th. They set an “outperform” rating and a $97.00 price objective on the stock. Evercore began coverage on Otis Worldwide in a report on Monday, April 13th. They issued an “outperform” rating and a $100.00 price target for the company. Barclays dropped their price target on Otis Worldwide from $80.00 to $77.00 and set an “underweight” rating on the stock in a research report on Thursday, April 23rd. UBS Group set a $105.00 price objective on Otis Worldwide in a research report on Thursday, April 23rd. Finally, Morgan Stanley set a $88.00 target price on Otis Worldwide in a research note on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $96.55.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Garton & Associates Financial Advisors LLC bought a new position in Otis Worldwide in the 4th quarter valued at about $27,000. DV Equities LLC acquired a new stake in Otis Worldwide during the 4th quarter worth approximately $48,000. Zions Bancorporation National Association UT boosted its stake in Otis Worldwide by 70.3% in the 4th quarter. Zions Bancorporation National Association UT now owns 712 shares of the company’s stock valued at $62,000 after purchasing an additional 294 shares during the period. MUFG Securities EMEA plc acquired a new position in shares of Otis Worldwide during the 2nd quarter worth approximately $116,000. Finally, Parkside Financial Bank & Trust raised its position in shares of Otis Worldwide by 12.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,468 shares of the company’s stock valued at $128,000 after buying an additional 159 shares in the last quarter. Institutional investors own 88.03% of the company’s stock.

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.