FY2025 Earnings Forecast for Otter Tail Issued By KeyCorp

Key Points

• KeyCorp analysts predict that Otter Tail Corporation will earn $6.36 per share in FY2025, surpassing the current consensus estimate of $5.88 per share.
• Otter Tail recently reported a quarterly EPS of $1.85, exceeding expectations, despite a 2.7% decline in revenue compared to the previous year.
• The firm maintained a quarterly dividend yield of 2.7%, with a recent payment of $0.525 per share, and a dividend payout ratio of 30.88%.

Otter Tail Corporation (NASDAQ:OTTR - Free Report) - Equities research analysts at KeyCorp issued their FY2025 earnings per share estimates for shares of Otter Tail in a report released on Wednesday, October 15th. KeyCorp analyst S. Karp forecasts that the utilities provider will earn $6.36 per share for the year. The consensus estimate for Otter Tail's current full-year earnings is $5.88 per share. KeyCorp also issued estimates for Otter Tail's FY2026 earnings at $5.44 EPS, FY2027 earnings at $4.90 EPS and FY2028 earnings at $4.46 EPS.

Separately, Weiss Ratings reiterated a "hold (c+)" rating on shares of Otter Tail in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $83.00.

Otter Tail Trading Up 0.7%

Shares of NASDAQ:OTTR opened at $77.27 on Monday. Otter Tail has a 1 year low of $71.66 and a 1 year high of $88.36. The firm has a market capitalization of $3.24 billion, a price-to-earnings ratio of 11.36 and a beta of 0.54. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.31 and a quick ratio of 2.57. The business's 50 day moving average price is $81.90 and its 200-day moving average price is $79.35.

Otter Tail (NASDAQ:OTTR - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The utilities provider reported $1.85 EPS for the quarter, topping the consensus estimate of $1.74 by $0.11. Otter Tail had a return on equity of 16.85% and a net margin of 21.82%.The business had revenue of $333.04 million for the quarter, compared to analyst estimates of $329.60 million. During the same quarter in the prior year, the firm posted $2.07 EPS. The business's quarterly revenue was down 2.7% compared to the same quarter last year. Otter Tail has set its FY 2025 guidance at 6.060-6.46 EPS.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in shares of Otter Tail by 44.0% in the third quarter. GAMMA Investing LLC now owns 432 shares of the utilities provider's stock valued at $35,000 after purchasing an additional 132 shares during the period. Maryland State Retirement & Pension System increased its holdings in shares of Otter Tail by 1.2% in the second quarter. Maryland State Retirement & Pension System now owns 12,315 shares of the utilities provider's stock valued at $949,000 after purchasing an additional 149 shares during the period. Xponance Inc. increased its holdings in shares of Otter Tail by 5.1% in the first quarter. Xponance Inc. now owns 3,097 shares of the utilities provider's stock valued at $249,000 after purchasing an additional 151 shares during the period. MML Investors Services LLC increased its holdings in shares of Otter Tail by 2.6% in the second quarter. MML Investors Services LLC now owns 7,373 shares of the utilities provider's stock valued at $568,000 after purchasing an additional 186 shares during the period. Finally, Teacher Retirement System of Texas increased its holdings in shares of Otter Tail by 4.0% in the second quarter. Teacher Retirement System of Texas now owns 5,723 shares of the utilities provider's stock valued at $441,000 after purchasing an additional 220 shares during the period. 61.32% of the stock is owned by institutional investors and hedge funds.

Otter Tail Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were paid a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Friday, August 15th. Otter Tail's dividend payout ratio is currently 30.88%.

About Otter Tail

Otter Tail Corporation, together with its subsidiaries, engages in electric utility, manufacturing, and plastic pipe businesses in the United States. It operates through three segments: Electric, Manufacturing, and Plastics. The 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 markets.

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