Otis Worldwide (OTIS) Projected to Announce Quarterly Earnings on Wednesday

Otis Worldwide (NYSE:OTIS) is expected to issue its Q3 2026 results before the market opens on Wednesday, October 28th. Analysts expect the company to announce earnings of $1.01 per share and revenue of $3.85 billion for the quarter. Individuals can find conference call details on the company’s upcoming Q3 2026 earnings report for the latest details on the call scheduled for Wednesday, October 28, 2026 at 8:30 AM ET.

Otis Worldwide (NYSE:OTIS) last announced its quarterly earnings results on Wednesday, July 22nd. The company reported $1.01 earnings per share for the quarter, meeting the consensus estimate of $1.01. Otis Worldwide had a negative return on equity of 28.50% and a net margin of 10.17%. The company had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $3.76 billion. During the same period last year, the business earned $1.05 earnings per share. Otis Worldwide’s quarterly revenue was up 7.3% on a year-over-year basis. On average, analysts expect Otis Worldwide to post $4.03 EPS for the current fiscal year and $4.47 EPS for the next fiscal year.

Otis Worldwide Trading Up 1.4%

Shares of NYSE:OTIS opened at $72.06 on Wednesday. Otis Worldwide has a 12-month low of $63.58 and a 12-month high of $94.57. The company has a market capitalization of $27.43 billion, a PE ratio of 18.52, a PEG ratio of 2.49 and a beta of 0.87. The business has a 50 day moving average of $69.27 and a two-hundred day moving average of $72.33.

Otis Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 11th. Stockholders of record on Friday, August 14th were paid a dividend of $0.44 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.4%. Otis Worldwide’s dividend payout ratio (DPR) is presently 45.24%.

Analysts Set New Price Targets

A number of brokerages have recently commented on OTIS. Evercore reaffirmed an “outperform” rating and set a $95.00 price objective on shares of Otis Worldwide in a research note on Thursday, July 23rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Otis Worldwide in a research note on Wednesday, August 12th. Royal Bank Of Canada set a $90.00 target price on shares of Otis Worldwide in a research note on Tuesday, July 28th. Sanford C. Bernstein reissued an “outperform” rating on shares of Otis Worldwide in a report on Monday, September 21st. Finally, Wells Fargo & Company initiated coverage on shares of Otis Worldwide in a research report on Thursday, September 24th. They set an “underweight” rating and a $77.00 price target on the stock. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Otis Worldwide currently has a consensus rating of “Hold” and a consensus price target of $91.00.

About Otis Worldwide

Otis Worldwide Corporation (NYSE: OTIS) is a global manufacturer and service provider for the elevator and escalator industry. The company designs, manufactures, installs, modernizes and maintains elevators, escalators and moving walkways for commercial buildings, residential developments, transportation hubs and other infrastructure projects.

Otis provides equipment for new construction as well as maintenance, repair and modernization services for existing systems. Its service operations support equipment from Otis and other manufacturers, helping building owners and operators manage the safety, performance and lifecycle of vertical transportation systems.

The company traces its history to 1853, when Elisha Otis demonstrated a safety device for elevators.