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

Otter Tail Co. (NASDAQ:OTTR) – Stock analysts at KeyCorp cut their FY2025 earnings estimates for shares of Otter Tail in a report released on Tuesday, December 3rd. KeyCorp analyst S. Karp now forecasts that the utilities provider will post earnings of $4.31 per share for the year, down from their previous 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 earnings results on Monday, November 4th. The utilities provider reported $2.03 EPS for the quarter, topping the consensus estimate of $1.97 by $0.06. The business had revenue of $338.03 million during the quarter, compared to the consensus estimate of $362.20 million. Otter Tail had a net margin of 22.70% and a return on equity of 19.84%. During the same quarter in the previous year, the firm posted $2.19 EPS.

Several other analysts also recently commented on the stock. StockNews.com raised shares of Otter Tail from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. Siebert Williams Shank raised shares of Otter Tail from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 6th.

Otter Tail Stock Performance

Shares of OTTR stock opened at $77.68 on Friday. The company has a market capitalization of $3.25 billion, a price-to-earnings ratio of 10.73 and a beta of 0.54. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.66 and a current ratio of 2.17. The company has a 50-day simple moving average of $79.16 and a 200 day simple moving average of $84.38. Otter Tail has a 52 week low of $73.43 and a 52 week high of $100.84.

Institutional Trading of Otter Tail

Institutional investors have recently bought and sold shares of the business. Atticus Wealth Management LLC acquired a new position in shares of Otter Tail in the 2nd quarter valued at approximately $33,000. Hoese & Co LLP acquired a new position in shares of Otter Tail in the 3rd quarter valued at approximately $39,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Otter Tail in the 3rd quarter valued at approximately $39,000. Allworth Financial LP raised its position in shares of Otter Tail by 132.8% in the 3rd quarter. Allworth Financial LP now owns 547 shares of the utilities provider’s stock valued at $43,000 after buying an additional 312 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Otter Tail by 46.3% in the 2nd quarter. GAMMA Investing LLC now owns 657 shares of the utilities provider’s stock valued at $58,000 after buying an additional 208 shares in the last quarter. Institutional investors own 61.32% of the company’s stock.

Otter Tail Announces Dividend

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

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.