Otter Tail (NASDAQ:OTTR) Releases Earnings Results, Misses Estimates By $0.14 EPS

Key Points

• Otter Tail reported quarterly EPS of $1.41, missing analysts’ consensus estimate of $1.55 by $0.14. The company posted a 14.56% return on equity and a 14.83% net margin.
• Shares rose $1.16 to $91.51 in midday trading, giving Otter Tail a market capitalization of approximately $3.84 billion and a price-to-earnings ratio of 19.72.
• Analyst sentiment remains cautious: four analysts rate the stock Hold and one rates it Sell, resulting in an average “Reduce” rating and an $86 price target.

Otter Tail (NASDAQ:OTTR - Get Free Report) announced its earnings results on Monday. The utilities provider reported $1.41 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.55 by ($0.14), Zacks reports. Otter Tail had a return on equity of 14.56% and a net margin of 14.83%.

Otter Tail Price Performance

Otter Tail stock traded up $1.16 during midday trading on Monday, reaching $91.51. The company's stock had a trading volume of 198,597 shares, compared to its average volume of 249,950. The firm has a market capitalization of $3.84 billion, a PE ratio of 19.72 and a beta of 0.42. Otter Tail has a fifty-two week low of $74.15 and a fifty-two week high of $95.09. The stock's 50 day simple moving average is $89.41 and its 200 day simple moving average is $88.78. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.36 and a current ratio of 1.71.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Otter Tail from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, October 13th. Four research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Reduce" and an average price target of $86.00.

About Otter Tail

Otter Tail Corporation is a diversified company headquartered in Fergus Falls, Minnesota. Through its electric utility subsidiary, Otter Tail Power Company, it generates, transmits and distributes electricity to residential, commercial, industrial and agricultural customers.

Otter Tail Power Company serves customers across portions of western Minnesota, eastern North Dakota and northeastern South Dakota. Its generation portfolio includes coal, natural gas, wind and other energy resources, supporting the company's role as a regional provider of electric power and related utility services.

Beyond its utility operations, Otter Tail Corporation owns manufacturing businesses that produce fabricated metal components, plastic products and other specialized goods.

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