Otter Tail (NASDAQ:OTTR – Get Free Report) will release its earnings data after the market closes on Monday, November 4th. Analysts expect Otter Tail to post earnings of $1.80 per share for the quarter. Otter Tail has set its FY24 guidance at $6.77-7.07 EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.
Otter Tail (NASDAQ:OTTR – Get Free Report) last announced its quarterly earnings data on Monday, August 5th. The utilities provider reported $2.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.38. The firm had revenue of $342.34 million during the quarter, compared to analysts’ expectations of $367.71 million. Otter Tail had a net margin of 22.84% and a return on equity of 21.06%. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.95 earnings per share. On average, analysts expect Otter Tail to post $7 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Otter Tail Stock Up 0.8 %
Shares of OTTR stock opened at $78.85 on Monday. The company has a market capitalization of $3.30 billion, a price-to-earnings ratio of 10.83 and a beta of 0.53. Otter Tail has a one year low of $69.49 and a one year high of $100.84. The company’s fifty day moving average price is $80.03 and its 200-day moving average price is $85.85. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.27 and a quick ratio of 1.67.
Otter Tail Dividend Announcement
Insider Activity
In other news, VP Jennifer O. Smestad sold 4,000 shares of the firm’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $88.74, for a total transaction of $354,960.00. Following the sale, the vice president now directly owns 12,300 shares in the company, valued at $1,091,502. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.30% of the company’s stock.
Otter Tail Company Profile
Otter Tail Corporation, together with its subsidiaries, engages in electric utility, manufacturing, and plastic pipe businesses in the United States. It operates through three segments: Electric, Manufacturing, and Plastics. The Electric segment produces, transmits, distributes, and sells electric energy in Minnesota, North Dakota, and South Dakota; and operates as a participant in the Midcontinent Independent System Operator markets.
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