Q3 EPS Estimates for Otis Worldwide Cut by Zacks Research
Zacks Research has lowered its Q3 2025 EPS estimate for Otis Worldwide from $1.06 to $1.00. The consensus for the full year remains at $4.04 per share. Analysts have varied opinions on the stock, with price targets ranging from $90 to $109. Otis Worldwide's stock opened at $87.63, with a market cap of $34.39 billion. The company recently announced a quarterly dividend of $0.42, payable on September 5th. Hedge funds have shown increased interest in the stock, with several raising their positions in the second quarter.
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Otis Worldwide Corporation (NYSE:OTIS - Free Report) - Research analysts at Zacks Research decreased their Q3 2025 EPS estimates for shares of Otis Worldwide in a research note issued on Wednesday, August 13th. Zacks Research analyst S. Mukherjee now expects that the company will post earnings of $1.00 per share for the quarter, down from their prior estimate of $1.06. 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 $1.06 EPS and Q3 2026 earnings at $1.10 EPS.
Several other analysts have also recently commented on OTIS. Morgan Stanley boosted their price target on shares of Otis Worldwide from $97.00 to $105.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 8th. Deutsche Bank Aktiengesellschaft assumed coverage on Otis Worldwide in a research report on Monday, July 14th. They set a "hold" rating and a $109.00 target price for the company. JPMorgan Chase & Co. reduced their price target on shares of Otis Worldwide from $109.00 to $101.00 and set an "overweight" rating on the stock in a research report on Thursday, July 24th. Barclays decreased their price target on shares of Otis Worldwide from $92.00 to $90.00 and set an "underweight" rating on the stock in a research note on Thursday, July 24th. Finally, Royal Bank Of Canada dropped their price objective on shares of Otis Worldwide from $108.00 to $105.00 and set an "outperform" rating for the company in a research note on Monday, July 28th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $102.50.
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Otis Worldwide Trading Down 1.8%
Shares of OTIS opened at $87.63 on Friday. The business's 50 day moving average is $94.34 and its 200 day moving average is $96.58. Otis Worldwide has a 12-month low of $84.25 and a 12-month high of $106.83. The company has a market capitalization of $34.39 billion, a PE ratio of 23.18, a price-to-earnings-growth ratio of 4.29 and a beta of 0.95.
Otis Worldwide (NYSE:OTIS - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $1.05 EPS for the quarter, beating analysts' consensus estimates of $1.03 by $0.02. The business had revenue of $3.60 billion for the quarter, compared to analysts' expectations of $3.73 billion. Otis Worldwide had a negative return on equity of 30.95% and a net margin of 10.68%. The business's quarterly revenue was down .2% on a year-over-year basis. During the same period last year, the firm earned $1.06 earnings per share.
Otis Worldwide Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 15th will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Friday, August 15th. Otis Worldwide's dividend payout ratio (DPR) is presently 44.44%.
Hedge Funds Weigh In On Otis Worldwide
Hedge funds and other institutional investors have recently bought and sold shares of the business. Berkshire Money Management Inc. raised its position in Otis Worldwide by 5.0% during the second quarter. Berkshire Money Management Inc. now owns 2,100 shares of the company's stock valued at $208,000 after acquiring an additional 100 shares in the last quarter. Park Avenue Securities LLC grew its holdings in Otis Worldwide by 0.8% in the second quarter. Park Avenue Securities LLC now owns 13,876 shares of the company's stock valued at $1,374,000 after purchasing an additional 104 shares during the period. Coldstream Capital Management Inc. increased its position in shares of Otis Worldwide by 4.2% in the fourth quarter. Coldstream Capital Management Inc. now owns 2,689 shares of the company's stock valued at $249,000 after buying an additional 109 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its position in Otis Worldwide by 15.3% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 828 shares of the company's stock worth $85,000 after acquiring an additional 110 shares during the period. Finally, AlTi Global Inc. lifted its holdings in Otis Worldwide by 4.9% during the fourth quarter. AlTi Global Inc. now owns 2,404 shares of the company's stock valued at $223,000 after purchasing an additional 113 shares in the last quarter. Institutional investors and hedge funds own 88.03% of the company's stock.
About Otis Worldwide
(Get Free Report)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.
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