Analysts Expect Otter Tail Co. (OTTR) Will Announce Earnings of $0.53 Per Share

Wall Street analysts forecast that Otter Tail Co. (NASDAQ:OTTR) will report earnings per share (EPS) of $0.53 for the current fiscal quarter, according to Zacks. Zero analysts have made estimates for Otter Tail’s earnings. Otter Tail posted earnings per share of $0.49 in the same quarter last year, which indicates a positive year-over-year growth rate of 8.2%. The business is expected to report its next earnings results on Monday, May 7th.

On average, analysts expect that Otter Tail will report full year earnings of $1.90 per share for the current fiscal year. For the next financial year, analysts expect that the company will report earnings of $2.10 per share. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Otter Tail.

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Otter Tail (NASDAQ:OTTR) last posted its quarterly earnings data on Monday, February 12th. The utilities provider reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.06. The business had revenue of $206.70 million during the quarter, compared to analysts’ expectations of $207.30 million. Otter Tail had a net margin of 8.53% and a return on equity of 10.73%. The business’s revenue was up 5.1% on a year-over-year basis. During the same period last year, the firm posted $0.44 earnings per share.

Several research analysts have recently issued reports on OTTR shares. BidaskClub cut shares of Otter Tail from a “hold” rating to a “sell” rating in a report on Friday, January 5th. Zacks Investment Research cut shares of Otter Tail from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. Finally, Sidoti cut shares of Otter Tail from a “buy” rating to a “neutral” rating and set a $46.00 price objective for the company. in a report on Monday, January 8th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $44.33.

Otter Tail stock opened at $43.80 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.93 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $1,731.68, a PE ratio of 23.55 and a beta of 0.63. Otter Tail has a 12-month low of $36.45 and a 12-month high of $48.65.

In other news, CFO Kevin G. Moug sold 1,500 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $40.55, for a total value of $60,825.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.70% of the company’s stock.

Several institutional investors have recently bought and sold shares of OTTR. BlackRock Inc. boosted its holdings in Otter Tail by 1.8% during the fourth quarter. BlackRock Inc. now owns 2,568,331 shares of the utilities provider’s stock worth $114,162,000 after buying an additional 45,588 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Otter Tail by 3.0% during the third quarter. Dimensional Fund Advisors LP now owns 1,158,720 shares of the utilities provider’s stock worth $50,232,000 after buying an additional 33,584 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in Otter Tail by 9.5% during the fourth quarter. Renaissance Technologies LLC now owns 692,800 shares of the utilities provider’s stock worth $30,795,000 after buying an additional 60,390 shares in the last quarter. First Trust Advisors LP boosted its holdings in Otter Tail by 6.8% during the fourth quarter. First Trust Advisors LP now owns 538,954 shares of the utilities provider’s stock worth $23,957,000 after buying an additional 34,238 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Otter Tail by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 369,334 shares of the utilities provider’s stock worth $16,416,000 after buying an additional 10,093 shares in the last quarter. Institutional investors and hedge funds own 42.06% of the company’s stock.

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Otter Tail Company Profile

Otter Tail Corporation, together with its subsidiaries, engages in electric, manufacturing, and plastics businesses in the United States. The company's 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, Inc markets.

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Earnings History and Estimates for Otter Tail (NASDAQ:OTTR)

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