Research Analysts Issue Forecasts for Otter Tail Q4 Earnings

Otter Tail Co. (NASDAQ:OTTR) – Equities research analysts at KeyCorp increased their Q4 2024 EPS estimates for shares of Otter Tail in a research report issued to clients and investors on Monday, October 21st. KeyCorp analyst S. Karp now expects that the utilities provider will post earnings of $1.20 per share for the quarter, up from their previous estimate of $1.03. The consensus estimate for Otter Tail’s current full-year earnings is $6.92 per share. KeyCorp also issued estimates for Otter Tail’s FY2025 earnings at $4.33 EPS and FY2028 earnings at $4.22 EPS.

Otter Tail (NASDAQ:OTTR) last issued its earnings results on Monday, August 5th. The utilities provider reported $2.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.38. Otter Tail had a return on equity of 21.06% and a net margin of 22.84%. The business had revenue of $342.34 million during the quarter, compared to analysts’ expectations of $367.71 million. During the same quarter in the previous year, the business earned $1.95 EPS. The company’s revenue for the quarter was up 1.4% on a year-over-year basis.

Otter Tail Stock Up 0.7 %

NASDAQ OTTR opened at $77.63 on Thursday. The stock has a market cap of $3.25 billion, a PE ratio of 10.66 and a beta of 0.53. Otter Tail has a fifty-two week low of $68.96 and a fifty-two week high of $100.84. The business has a 50 day moving average price of $80.43 and a two-hundred day moving average price of $85.96. The company has a quick ratio of 1.67, a current ratio of 2.27 and a debt-to-equity ratio of 0.60.

Otter Tail Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were given a dividend of $0.468 per share. This represents a $1.87 annualized dividend and a dividend yield of 2.41%. The ex-dividend date was Thursday, August 15th. Otter Tail’s dividend payout ratio is currently 25.69%.

Insider Activity at Otter Tail

In related news, VP Jennifer O. Smestad sold 4,000 shares of the company’s 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 transaction, the vice president now directly owns 12,300 shares in the company, valued at $1,091,502. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Jupiter Asset Management Ltd. bought a new position in Otter Tail during the 1st quarter worth $2,276,000. Janus Henderson Group PLC grew its stake in shares of Otter Tail by 45.2% in the first quarter. Janus Henderson Group PLC now owns 29,765 shares of the utilities provider’s stock worth $2,572,000 after purchasing an additional 9,270 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Otter Tail in the first quarter worth $590,000. Tidal Investments LLC grew its stake in shares of Otter Tail by 320.5% in the first quarter. Tidal Investments LLC now owns 16,879 shares of the utilities provider’s stock worth $1,458,000 after purchasing an additional 12,865 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System grew its stake in shares of Otter Tail by 113.6% in the first quarter. State Board of Administration of Florida Retirement System now owns 41,199 shares of the utilities provider’s stock worth $3,560,000 after purchasing an additional 21,908 shares in the last quarter. 61.32% of the stock is currently owned by institutional investors.

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.