KeyCorp Estimates Otter Tail's Q3 Earnings (NASDAQ:OTTR)

Key Points

• KeyCorp raised its Q3 2026 EPS estimate for Otter Tail to $1.57, up from $1.43, while the full-year consensus estimate stands at $5.96 per share.
• Otter Tail’s latest quarter exceeded expectations, with EPS of $1.66 versus the $1.51 consensus and revenue of $334.38 million versus $326.13 million.
• Analyst sentiment remains cautious: four analysts rate the stock Hold and one rates it Sell, resulting in a consensus “Reduce” rating and an $86 target price. The company pays a $2.31 annualized dividend, yielding about 2.6%.

Otter Tail Corporation (NASDAQ:OTTR - Free Report) - KeyCorp raised their Q3 2026 earnings per share (EPS) estimates for Otter Tail in a research report issued to clients and investors on Monday, October 12th. KeyCorp analyst S. Karp now expects that the utilities provider will post earnings per share of $1.57 for the quarter, up from their previous estimate of $1.43. The consensus estimate for Otter Tail's current full-year earnings is $5.96 per share. KeyCorp also issued estimates for Otter Tail's Q4 2026 earnings at $1.01 EPS, FY2028 earnings at $4.02 EPS, FY2029 earnings at $4.44 EPS and FY2030 earnings at $4.96 EPS.

Otter Tail (NASDAQ:OTTR - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The utilities provider reported $1.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.51 by $0.15. The firm had revenue of $334.38 million during the quarter, compared to analysts' expectations of $326.13 million. Otter Tail had a return on equity of 14.56% and a net margin of 14.83%. The business's revenue for the quarter was up .4% on a year-over-year basis. During the same quarter last year, the firm earned $1.85 earnings per share.

Separately, Weiss Ratings raised Otter Tail from a "hold (c)" rating to a "hold (c+)" rating in a research report on Tuesday. Four investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Otter Tail has a consensus rating of "Reduce" and a consensus target price of $86.00.

Otter Tail Stock Performance

OTTR stock opened at $89.38 on Thursday. The company has a quick ratio of 1.36, a current ratio of 1.71 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $3.75 billion, a price-to-earnings ratio of 13.74 and a beta of 0.46. Otter Tail has a 12 month low of $74.15 and a 12 month high of $95.09. The firm has a 50 day moving average of $89.99 and a two-hundred day moving average of $89.32.

Otter Tail Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Friday, August 14th were issued a dividend of $0.5775 per share. This represents a $2.31 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Friday, August 14th. Otter Tail's dividend payout ratio is currently 49.78%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of OTTR. Sound Income Strategies LLC raised its position in shares of Otter Tail by 248.8% during the first quarter. Sound Income Strategies LLC now owns 286 shares of the utilities provider's stock valued at $25,000 after buying an additional 204 shares during the last quarter. Security National Bank of Sioux City Iowa IA bought a new stake in shares of Otter Tail in the second quarter valued at about $27,000. Caitong International Asset Management Co. Ltd acquired a new stake in Otter Tail during the fourth quarter worth about $31,000. Jones Financial Companies Lllp acquired a new stake in Otter Tail during the second quarter worth about $39,000. Finally, SHP Wealth Management acquired a new stake in Otter Tail during the fourth quarter worth about $40,000. Institutional investors and hedge funds own 61.32% of the company's stock.

Otter Tail Company Profile

Otter Tail Corporation is a diversified operating company headquartered in Fergus Falls, Minnesota. Through its principal subsidiary, Otter Tail Power Company, it generates, transmits and distributes electricity to residential, commercial, industrial and municipal customers in Minnesota, North Dakota and South Dakota.

Otter Tail Power Company operates a mix of generation resources and maintains the transmission and distribution infrastructure needed to deliver electricity across its service territory.

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