Otter Tail (OTTR) Scheduled to Post Earnings on Monday

Otter Tail (NASDAQ:OTTR) is set to issue its quarterly earnings data after the market closes on Monday, November 4th. Analysts expect the company to announce earnings of $1.80 per share for the quarter. Otter Tail has set its FY24 guidance at $6.77-7.07 EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.

Otter Tail (NASDAQ:OTTR) last announced its quarterly earnings results on Monday, August 5th. The utilities provider reported $2.07 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.38. Otter Tail had a net margin of 22.84% and a return on equity of 21.06%. The business had revenue of $342.34 million for the quarter, compared to analysts’ expectations of $367.71 million. During the same quarter last year, the firm earned $1.95 EPS. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. 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 Down 0.5 %

OTTR opened at $78.09 on Friday. Otter Tail has a fifty-two week low of $74.09 and a fifty-two week high of $100.84. The firm has a market capitalization of $3.27 billion, a P/E ratio of 10.55 and a beta of 0.52. The company’s 50-day moving average is $79.11 and its 200 day moving average is $85.71. 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

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were paid a dividend of $0.468 per share. The ex-dividend date was Thursday, August 15th. This represents a $1.87 annualized dividend and a dividend yield of 2.40%. Otter Tail’s payout ratio is currently 25.27%.

Insider Buying and Selling

In related news, VP Jennifer O. Smestad sold 4,000 shares of Otter Tail stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $88.74, for a total transaction of $354,960.00. Following the completion of the sale, the vice president now owns 12,300 shares of the company’s stock, valued at approximately $1,091,502. This trade represents a 0.00 % 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. 2.30% of the stock is currently owned by insiders.

About Otter Tail

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.