Equities research analysts expect that Otter Tail Co. (NASDAQ:OTTR) will report earnings per share of $0.47 for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for Otter Tail’s earnings. Otter Tail reported earnings of $0.42 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 11.9%. The business is scheduled to report its next quarterly earnings report on Monday, August 6th.
According to Zacks, analysts expect that Otter Tail will report full year earnings of $2.00 per share for the current year. For the next financial year, analysts forecast 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 sell-side research firms that that provide coverage for Otter Tail.
Otter Tail (NASDAQ:OTTR) last announced its quarterly earnings results on Monday, May 7th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.13. Otter Tail had a return on equity of 11.57% and a net margin of 9.02%. The company had revenue of $241.30 million during the quarter, compared to analyst estimates of $224.90 million. During the same quarter in the previous year, the firm posted $0.49 EPS. The firm’s quarterly revenue was up 12.7% on a year-over-year basis.
Otter Tail traded up $0.50, reaching $47.25, during trading on Tuesday, Marketbeat Ratings reports. 133,100 shares of the company’s stock were exchanged, compared to its average volume of 96,708. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.92 and a current ratio of 1.45. Otter Tail has a 1-year low of $38.75 and a 1-year high of $48.65. The firm has a market capitalization of $1.84 billion, a PE ratio of 25.40 and a beta of 0.68.
The company also recently disclosed a quarterly dividend, which was paid on Saturday, June 9th. Stockholders of record on Tuesday, May 15th were issued a $0.335 dividend. The ex-dividend date was Monday, May 14th. This represents a $1.34 annualized dividend and a dividend yield of 2.84%. Otter Tail’s dividend payout ratio (DPR) is 72.04%.
In other news, CFO Kevin G. Moug sold 1,500 shares of the company’s stock in a transaction on Tuesday, May 15th. The stock was sold at an average price of $43.48, for a total value of $65,220.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.70% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Institutional & Family Asset Management LLC acquired a new stake in shares of Otter Tail in the first quarter valued at $101,000. Perigon Wealth Management LLC raised its position in shares of Otter Tail by 70.4% during the first quarter. Perigon Wealth Management LLC now owns 3,352 shares of the utilities provider’s stock worth $145,000 after purchasing an additional 1,385 shares during the period. Wealth Alliance Advisory Group LLC acquired a new stake in shares of Otter Tail during the first quarter worth $208,000. Ellington Management Group LLC acquired a new stake in shares of Otter Tail during the fourth quarter worth $244,000. Finally, Raymond James & Associates acquired a new stake in shares of Otter Tail during the fourth quarter worth $252,000. Institutional investors and hedge funds own 42.82% of the company’s stock.
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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