Brokerages expect that Otter Tail Co. (NASDAQ:OTTR) will report earnings of $0.44 per share for the current quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Otter Tail’s earnings. Otter Tail also posted earnings of $0.44 per share in the same quarter last year. The firm is scheduled to issue its next quarterly earnings results on Monday, February 5th.
On average, analysts expect that Otter Tail will report full year earnings of $1.80 per share for the current year. For the next year, analysts anticipate that the company will post earnings of $1.85 per share. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow Otter Tail.
Otter Tail (NASDAQ:OTTR) last announced its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.06. Otter Tail had a net margin of 8.53% and a return on equity of 10.47%. The company had revenue of $216.50 million during the quarter, compared to analysts’ expectations of $201.70 million. During the same quarter in the prior year, the company earned $0.37 EPS. Otter Tail’s revenue was up 9.8% compared to the same quarter last year.
OTTR has been the subject of several research reports. Zacks Investment Research raised shares of Otter Tail from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a research note on Friday, September 15th. KeyCorp reaffirmed a “hold” rating on shares of Otter Tail in a research note on Friday, October 20th. BidaskClub cut shares of Otter Tail from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 12th. 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 research note on Monday, January 8th. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. Otter Tail presently has a consensus rating of “Hold” and a consensus price target of $44.67.
Shares of Otter Tail (NASDAQ:OTTR) traded down $0.15 during midday trading on Wednesday, reaching $41.35. 71,540 shares of the company traded hands, compared to its average volume of 84,194. Otter Tail has a one year low of $35.65 and a one year high of $48.65. The stock has a market cap of $1,641.64, a PE ratio of 22.97 and a beta of 0.82. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.61 and a current ratio of 0.93.
In other Otter Tail news, VP George A. Koeck sold 3,000 shares of the business’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $46.50, for a total value of $139,500.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Kevin G. Moug sold 1,500 shares of the business’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $46.50, for a total transaction of $69,750.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,900 shares of company stock valued at $318,570. 1.40% of the stock is owned by corporate insiders.
Large investors have recently bought and sold shares of the business. Murphy Capital Management Inc. acquired a new position in Otter Tail in the 3rd quarter valued at about $216,000. Stifel Financial Corp boosted its holdings in Otter Tail by 6.8% in the 3rd quarter. Stifel Financial Corp now owns 235,649 shares of the utilities provider’s stock valued at $10,231,000 after purchasing an additional 14,903 shares during the last quarter. Northern Trust Corp boosted its holdings in Otter Tail by 8.3% in the 2nd quarter. Northern Trust Corp now owns 956,660 shares of the utilities provider’s stock valued at $37,885,000 after purchasing an additional 72,974 shares during the last quarter. BlackRock Inc. boosted its holdings in Otter Tail by 0.9% in the 2nd quarter. BlackRock Inc. now owns 2,498,815 shares of the utilities provider’s stock valued at $98,953,000 after purchasing an additional 21,440 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in Otter Tail by 29.7% in the 2nd quarter. Renaissance Technologies LLC now owns 555,510 shares of the utilities provider’s stock valued at $21,998,000 after purchasing an additional 127,110 shares during the last quarter. Institutional investors own 41.02% of the company’s stock.
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Otter Tail Company Profile
Otter Tail Corporation is a holding company. The Company operates through three segments: Electric, Manufacturing and Plastics. The Electric segment includes the production, transmission, distribution and sale of electric energy in Minnesota, North Dakota and South Dakota by Otter Tail Power Company (OTP).
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