<div id="readability-page-1"><p>Otis Worldwide (NYSE:OTIS - Get Free Report) released its earnings results on Wednesday. The company reported $1.05 earnings per share for the quarter, topping analysts' consensus estimates of $1.00 by $0.05, Zacks reports. The company had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.65 billion. Otis Worldwide had a negative return on equity of 30.95% and a net margin of 10.68%.The firm's quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.96 earnings per share.  Otis Worldwide updated its FY 2025 guidance to 4.040-4.080 EPS.</p><div><p><span></span><span>Get <strong>Otis Worldwide</strong> alerts:</span></p></div><h2>Otis Worldwide Trading Up 1.6%</h2><ul><li>Why Otis Worldwide Stock Keeps Going Up</li></ul><p>Shares of OTIS stock traded up $1.46 on Wednesday, hitting $92.76. 1,608,993 shares of the stock were exchanged, compared to its average volume of 2,759,269. The firm has a market capitalization of $36.41 billion, a P/E ratio of 24.54, a price-to-earnings-growth ratio of 3.61 and a beta of 1.00. The business has a 50-day moving average of $89.51 and a 200 day moving average of $93.13. Otis Worldwide has a fifty-two week low of $84.25 and a fifty-two week high of $106.83. </p><h2>Analyst Ratings Changes</h2><p>A number of research firms recently commented on OTIS. Wolfe Research  set a $109.00 price objective on Otis Worldwide and gave the company an &#34;outperform&#34; rating in a report on Wednesday, October 8th. Morgan Stanley upped their price objective on Otis Worldwide from $97.00 to $105.00 and gave the company an &#34;equal weight&#34; rating in a report on Tuesday, July 8th. Wells Fargo &amp; Company upped their price objective on Otis Worldwide from $93.00 to $95.00 and gave the company an &#34;equal weight&#34; rating in a report on Monday, October 6th. Zacks Research upgraded Otis Worldwide from a &#34;strong sell&#34; rating to a &#34;hold&#34; rating in a report on Tuesday, October 14th. Finally, Weiss Ratings  reiterated a &#34;hold (c+)&#34; rating on shares of Otis Worldwide in a report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating, six have assigned  a Hold rating and one  has assigned  a Sell rating to the company's stock. According to MarketBeat.com, the stock  has an average rating of &#34;Hold&#34; and an average price target of $104.63.</p><ul><li>Why Investors Can Ride Otis Worldwide Stock for a Long Time</li></ul><p><b>Get Our Latest Report on OTIS</b></p><h2>Institutional Inflows and Outflows</h2><p>Institutional investors and hedge funds have recently modified their holdings of the company. MUFG Securities EMEA plc acquired a new position in  Otis Worldwide during the second quarter valued at approximately $116,000.  Boothbay Fund Management LLC acquired a new position in  Otis Worldwide during the second quarter valued at approximately $208,000.  Geneos Wealth Management Inc. boosted its position in  Otis Worldwide by 38.5% during the second quarter. Geneos Wealth Management Inc. now owns 2,097 shares of the company's stock valued at $208,000 after purchasing an additional 583 shares during the last quarter.  Evergreen Capital Management LLC boosted its position in  Otis Worldwide by 6.3% during the second quarter. Evergreen Capital Management LLC now owns 2,667 shares of the company's stock valued at $264,000 after purchasing an additional 159 shares during the last quarter.  Finally, Howland Capital Management LLC boosted its position in  Otis Worldwide by 14.0% during the second quarter. Howland Capital Management LLC now owns 3,252 shares of the company's stock valued at $322,000 after purchasing an additional 400 shares during the last quarter. 88.03% of the stock is owned by institutional investors and hedge funds. </p><h2>About Otis Worldwide</h2> (Get Free Report)<p>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.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than Otis Worldwide</li><li>How to Invest in Tech Stocks and Top Tech Stocks to Consider</li><li>UPS: From Discount to Delivery—Why Analysts May Turn Bullish</li><li>Dividend Payout Ratio Calculator</li><li>Forget AI: Amazon's Robots Could Be Coming for Your Job</li><li>3 Ways To Invest In Coffee, Other Than Drinking It</li><li>Wayfair: A Way Good Stock to Buy and Hold for 2026</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/EarningsChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPU9USVM?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="325" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/EarningsChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPU9USVM"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Otis Worldwide Right Now?</h2><p>Before you consider Otis Worldwide, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Otis Worldwide wasn't on the list.</p><p>While Otis Worldwide currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

OTIS

<p>Otis Worldwide (NYSE:OTIS) reported quarterly earnings of $1.05 EPS, exceeding analysts' expectations of $1.00 by $0.05. The company achieved revenue of $3.69 billion, surpassing estimates of $3.65 billion, with a year-over-year revenue increase of 4.0%. Despite a negative return on equity of 30.95%, the firm updated its FY 2025 guidance to 4.040-4.080 EPS. Shares rose 1.6% to $92.76, with analysts maintaining a mixed outlook, averaging a "Hold" rating and a price target of $104.63.</p>

Otis Worldwide (NYSE:OTIS) Posts Earnings Results, Beats Expectations By $0.05 EPS