FY2025 EPS Estimate for Otis Worldwide Increased by Analyst

Otis Worldwide Corporation (NYSE:OTIS) – Equities researchers at Zacks Research lifted their FY2025 earnings per share (EPS) estimates for shares of Otis Worldwide in a report released on Wednesday, November 19th. Zacks Research analyst Team now anticipates that the company will post earnings per share of $4.05 for the year, up from their previous estimate of $4.03. Zacks Research 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 released its quarterly earnings data on Wednesday, October 29th. The company reported $1.05 EPS for the quarter, beating the consensus estimate of $1.00 by $0.05. The business had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.65 billion. Otis Worldwide had a net margin of 9.41% and a negative return on equity of 30.67%. The company’s revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.96 earnings per share. Otis Worldwide has set its FY 2025 guidance at 4.040-4.080 EPS.

OTIS has been the topic of a number of other research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Otis Worldwide in a report on Thursday, November 13th. Wolfe Research set a $109.00 price objective on Otis Worldwide and gave the company an “outperform” rating in a research note on Wednesday, October 8th. JPMorgan Chase & Co. increased their price objective on Otis Worldwide from $105.00 to $111.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. Royal Bank Of Canada reduced their target price on Otis Worldwide from $108.00 to $105.00 and set an “outperform” rating for the company in a report on Monday, July 28th. Finally, Wells Fargo & Company upped their price target on Otis Worldwide from $93.00 to $95.00 and gave the company an “equal weight” rating in a research report on Monday, October 6th. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $103.71.

Otis Worldwide Trading Down 1.3%

Shares of OTIS stock opened at $86.55 on Thursday. The stock has a market capitalization of $33.73 billion, a P/E ratio of 25.53, a PEG ratio of 3.34 and a beta of 1.00. The firm’s 50 day moving average is $90.55 and its 200 day moving average is $92.47. Otis Worldwide has a 12 month low of $84.25 and a 12 month high of $106.83.

Otis Worldwide Dividend Announcement

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

Insiders Place Their Bets

In other Otis Worldwide news, CAO Michael Patrick Ryan sold 3,028 shares of the firm’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $91.69, for a total value of $277,637.32. Following the sale, the chief accounting officer owned 2,628 shares of the company’s stock, valued at $240,961.32. This trade represents a 53.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.23% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its holdings in shares of 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 during the last quarter. Lifeworks Advisors LLC increased its position in Otis Worldwide by 5.9% during the 1st quarter. Lifeworks Advisors LLC now owns 56,115 shares of the company’s stock valued at $5,791,000 after buying an additional 3,105 shares in the last quarter. T. Rowe Price Investment Management Inc. bought a new position in Otis Worldwide during the 1st quarter valued at approximately $612,000. State of Wyoming raised its stake in Otis Worldwide by 278.6% during the first quarter. State of Wyoming now owns 7,406 shares of the company’s stock valued at $764,000 after buying an additional 5,450 shares during the last quarter. Finally, Groupe la Francaise boosted its holdings in Otis Worldwide by 14.2% in the first quarter. Groupe la Francaise now owns 43,418 shares of the company’s stock worth $4,472,000 after acquiring an additional 5,391 shares in 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.