$0.47 Earnings Per Share Expected for Otter Tail Co. (OTTR) This Quarter

Share on StockTwits

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.

A number of research analysts have issued reports on the company. BidaskClub upgraded Otter Tail from a “hold” rating to a “buy” rating in a research report on Tuesday, April 24th. ValuEngine upgraded Otter Tail from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Zacks Investment Research upgraded Otter Tail from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a research report on Wednesday, March 7th. Finally, Williams Capital lowered Otter Tail from a “hold” rating to a “sell” rating and set a $42.00 price target for the company. in a research report on Thursday, May 31st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $45.67.

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.

Get a free copy of the Zacks research report on Otter Tail (OTTR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Otter Tail Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Otter Tail and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Analysts Anticipate Trade Desk Inc  Will Post Quarterly Sales of $103.67 Million
Analysts Anticipate Trade Desk Inc Will Post Quarterly Sales of $103.67 Million
Gap Inc  Expected to Announce Quarterly Sales of $3.98 Billion
Gap Inc Expected to Announce Quarterly Sales of $3.98 Billion
Sinovac Biotech  Given Daily Media Impact Rating of -0.02
Sinovac Biotech Given Daily Media Impact Rating of -0.02
Limoneira  Receives Daily News Sentiment Rating of 0.06
Limoneira Receives Daily News Sentiment Rating of 0.06
Motorola Solutions  Hits New 1-Year High at $121.69
Motorola Solutions Hits New 1-Year High at $121.69
Vince  Hits New 52-Week High at $20.35
Vince Hits New 52-Week High at $20.35


© 2006-2018 Ticker Report. Google+.