Otter Tail (OTTR) Set to Announce Earnings on Monday

Otter Tail (NASDAQ:OTTR) will 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.Parties that are interested in registering for the company’s conference call can do so using this link.

Otter Tail (NASDAQ:OTTR) last released 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. The business had revenue of $342.34 million during the quarter, compared to analysts’ expectations of $367.71 million. Otter Tail had a return on equity of 21.06% and a net margin of 22.84%. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.95 EPS. 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 %

Shares of OTTR opened at $78.09 on Friday. The business’s 50 day simple moving average is $79.11 and its 200-day simple moving average is $85.69. Otter Tail has a 1 year low of $74.09 and a 1 year high of $100.84. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.27 and a quick ratio of 1.67. The stock has a market capitalization of $3.27 billion, a price-to-earnings ratio of 10.55 and a beta of 0.53.

Otter Tail Announces Dividend

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

Insider Transactions at Otter Tail

In related news, VP Jennifer O. Smestad sold 4,000 shares of the stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $88.74, for a total value of $354,960.00. Following the completion of the transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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.