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

Otis Worldwide (NYSE:OTIS) updated its FY 2026 earnings guidance on Wednesday. The company provided earnings per share 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 Trading Down 2.2%

Shares of OTIS stock opened at $71.89 on Wednesday. The firm’s fifty day moving average price is $72.03 and its two-hundred day moving average price is $80.27. Otis Worldwide has a 1 year low of $69.16 and a 1 year high of $101.14. The firm has a market capitalization of $27.59 billion, a P/E ratio of 19.12, a PEG ratio of 2.64 and a beta of 0.90.

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

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Sanford C. Bernstein initiated coverage on Otis Worldwide in a report on Tuesday, June 9th. They set an “outperform” rating and a $97.00 target price on the stock. UBS Group set a $105.00 price target on Otis Worldwide in a research note on Thursday, April 23rd. Weiss Ratings lowered Otis Worldwide from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 15th. Barclays dropped their price objective on Otis Worldwide from $80.00 to $77.00 and set an “underweight” rating on the stock in a research note on Thursday, April 23rd. Finally, Wells Fargo & Company cut their price objective on Otis Worldwide from $92.00 to $80.00 and set an “equal weight” rating for the company in a report on Wednesday, April 1st. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $96.55.

Hedge Funds Weigh In On Otis Worldwide

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

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.