Otis Worldwide (NYSE:OTIS) Issues FY 2026 Earnings Guidance
by Jessica Moore · The Cerbat GemOtis Worldwide (NYSE:OTIS – Get Free Report) issued an update on its FY 2026 earnings guidance on Wednesday morning. 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.
Otis Worldwide Stock Up 2.2%
Shares of Otis Worldwide stock opened at $79.57 on Friday. The stock’s fifty day moving average is $83.73 and its 200-day moving average is $87.37. The firm has a market capitalization of $30.69 billion, a PE ratio of 21.16, a price-to-earnings-growth ratio of 2.48 and a beta of 1.05. Otis Worldwide has a 12-month low of $75.27 and a 12-month high of $101.42.
Otis Worldwide (NYSE:OTIS – Get Free Report) last announced its earnings results on Wednesday, April 22nd. The company reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.02). The company had revenue of $3.57 billion for the quarter, compared to analyst estimates of $3.77 billion. Otis Worldwide had a negative return on equity of 29.39% and a net margin of 10.11%.The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period last year, the firm earned $0.92 earnings per share. Otis Worldwide has set its FY 2026 guidance at 4.200-4.240 EPS. Analysts expect that Otis Worldwide will post 4.06 EPS for the current year.
Otis Worldwide Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 15th will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.2%. This is a boost from Otis Worldwide’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Friday, May 15th. Otis Worldwide’s payout ratio is presently 48.00%.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on OTIS shares. Royal Bank Of Canada cut their target price on Otis Worldwide from $110.00 to $105.00 and set an “outperform” rating on the stock in a research report on Thursday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Otis Worldwide in a research report on Friday, March 27th. Wells Fargo & Company cut their target price on Otis Worldwide from $92.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 1st. Wolfe Research lowered Otis Worldwide from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, April 8th. Finally, Evercore started coverage on Otis Worldwide in a research report on Monday, April 13th. They set an “outperform” rating and a $100.00 target price on the stock. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $99.18.
Get Our Latest Analysis on Otis Worldwide
Insiders Place Their Bets
In related news, CEO Judith Fran Marks sold 56,107 shares of the company’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 transaction, the chief executive officer directly owned 231,072 shares of the company’s stock, valued at approximately $21,002,134.08. The trade was a 19.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Michael Patrick Ryan sold 1,182 shares of the company’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $90.06, for a total value of $106,450.92. Following the transaction, the chief accounting officer directly owned 3,504 shares in the company, valued at $315,570.24. The trade was a 25.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 158,013 shares of company stock valued at $14,337,635 over the last ninety days. Corporate insiders own 0.23% of the company’s stock.
Key Headlines Impacting Otis Worldwide
Here are the key news stories impacting Otis Worldwide this week:
- Positive Sentiment: Service-led revenue and cash returns: Q1 net sales rose ~6% with Service up 11% (repair +16%), modernization orders and backlog grew strongly; operating cash flow was $413M, adjusted free cash flow $272M, and Otis repurchased about $400M of stock. The company also raised its quarterly dividend 5% to $0.44. OTIS REPORTS FIRST QUARTER 2026 RESULTS
- Positive Sentiment: Management commentary lifted the sales outlook / investor expectations on top-line strength, which helped sentiment despite mixed margin news. Otis tops revenue view, lifts sales outlook as shares rise
- Neutral Sentiment: FY‑2026 guidance: Otis set EPS guidance of $4.20–4.24 (roughly in line with consensus) and revenue guidance around $15.1–15.3B — guidance is not materially above consensus, so it stabilizes expectations but is not a catalyst by itself. Q1 Slide Deck / Press Release
- Negative Sentiment: EPS and revenue miss: Q1 EPS of $0.89 missed the $0.91 consensus and reported revenue of ~$3.57B was below some analyst estimates; margins were pressured by higher labor and material costs. Otis Worldwide Q1 Earnings Fall Short of Estimates, Sales Beat
- Negative Sentiment: Geopolitical and tariff risks: Management flagged tariff impacts and shipment delays related to Middle East conflict, which could pressure near-term margins and delivery timelines. Elevator maker Otis flags tariff hit, shipment delays amid Middle East conflict
- Negative Sentiment: Analyst revision: RBC lowered its price target from $110 to $105 while keeping an Outperform rating — a modest negative signal for near-term upside expectations despite the still-elevated target vs. current levels. RBC lowers price target on Otis
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the business. State Street Corp raised its position in Otis Worldwide by 0.8% during the fourth quarter. State Street Corp now owns 16,128,197 shares of the company’s stock valued at $1,408,798,000 after buying an additional 121,207 shares during the period. Wellington Management Group LLP increased its position in Otis Worldwide by 2.4% in the 4th quarter. Wellington Management Group LLP now owns 3,612,811 shares of the company’s stock worth $315,579,000 after purchasing an additional 83,626 shares during the last quarter. Marshall Wace LLP increased its position in Otis Worldwide by 6.0% in the 4th quarter. Marshall Wace LLP now owns 3,252,137 shares of the company’s stock worth $284,074,000 after purchasing an additional 183,856 shares during the last quarter. Bank of America Corp DE increased its position in Otis Worldwide by 0.8% in the 3rd quarter. Bank of America Corp DE now owns 2,996,214 shares of the company’s stock worth $273,944,000 after purchasing an additional 24,301 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in Otis Worldwide by 125.7% in the 3rd quarter. AQR Capital Management LLC now owns 2,596,355 shares of the company’s stock worth $236,891,000 after purchasing an additional 1,445,904 shares during the last quarter. 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.