What is KeyCorp’s Forecast for Otter Tail FY2025 Earnings?

Otter Tail Co. (NASDAQ:OTTR) – KeyCorp cut their FY2025 earnings estimates for shares of Otter Tail in a research report issued on Tuesday, December 3rd. KeyCorp analyst S. Karp now expects that the utilities provider will earn $4.31 per share for the year, down from their prior forecast of $4.33. The consensus estimate for Otter Tail’s current full-year earnings is $7.01 per share.

Otter Tail (NASDAQ:OTTR) last announced its quarterly earnings results on Monday, November 4th. The utilities provider reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.97 by $0.06. Otter Tail had a net margin of 22.70% and a return on equity of 19.84%. The firm had revenue of $338.03 million during the quarter, compared to analysts’ expectations of $362.20 million. During the same period in the prior year, the company posted $2.19 EPS.

Several other equities analysts have also recently issued reports on OTTR. Siebert Williams Shank upgraded shares of Otter Tail from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 6th. StockNews.com upgraded shares of Otter Tail from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th.

Otter Tail Trading Down 1.1 %

Shares of NASDAQ OTTR opened at $77.68 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.66 and a current ratio of 2.17. Otter Tail has a 52-week low of $73.43 and a 52-week high of $100.84. The firm has a 50 day moving average price of $79.16 and a two-hundred day moving average price of $84.38. The stock has a market cap of $3.25 billion, a P/E ratio of 10.73 and a beta of 0.54.

Institutional Investors Weigh In On Otter Tail

A number of institutional investors have recently modified their holdings of OTTR. Atticus Wealth Management LLC bought a new stake in shares of Otter Tail in the 2nd quarter valued at $33,000. Hoese & Co LLP bought a new stake in shares of Otter Tail in the 3rd quarter valued at $39,000. Wilmington Savings Fund Society FSB bought a new position in Otter Tail during the third quarter worth $39,000. Allworth Financial LP boosted its stake in Otter Tail by 132.8% during the third quarter. Allworth Financial LP now owns 547 shares of the utilities provider’s stock worth $43,000 after acquiring an additional 312 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in Otter Tail by 46.3% during the second quarter. GAMMA Investing LLC now owns 657 shares of the utilities provider’s stock worth $58,000 after acquiring an additional 208 shares in the last quarter. 61.32% of the stock is owned by institutional investors.

Otter Tail Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be paid a $0.468 dividend. This represents a $1.87 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date is Friday, November 15th. Otter Tail’s dividend payout ratio is currently 25.83%.

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.