Otter Tail (NASDAQ:OTTR) Announces Quarterly Earnings Results, Beats Expectations By $0.11 EPS

Key Points

• Otter Tail Corporation reported quarterly earnings of $1.85 EPS, exceeding expectations by $0.11, and maintains a net margin of 22.37% and return on equity of 17.95%.
• Shares of Otter Tail increased by $0.93, reaching $76.22 amidst significant trading activity, with a market cap of $3.19 billion.
• Siebert Williams Shank upgraded Otter Tail’s rating from "hold" to "buy," raising the target price from $82.00 to $83.00.

Otter Tail (NASDAQ:OTTR - Get Free Report) posted its quarterly earnings results on Monday. The utilities provider reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.11, Zacks reports. Otter Tail had a net margin of 22.37% and a return on equity of 17.95%. Otter Tail updated its FY 2025 guidance to 6.060-6.46 EPS.

Otter Tail Price Performance

Shares of NASDAQ OTTR traded up $0.93 during midday trading on Monday, hitting $76.22. 213,178 shares of the company's stock were exchanged, compared to its average volume of 237,709. Otter Tail has a 12-month low of $71.66 and a 12-month high of $96.79. The company has a current ratio of 2.62, a quick ratio of 2.03 and a debt-to-equity ratio of 0.58. The company has a market cap of $3.19 billion, a price-to-earnings ratio of 10.86 and a beta of 0.56. The business's fifty day moving average price is $77.79 and its two-hundred day moving average price is $78.73.

Analyst Ratings Changes

Separately, Siebert Williams Shank upgraded Otter Tail from a "hold" rating to a "buy" rating and lifted their target price for the stock from $82.00 to $83.00 in a research note on Wednesday, May 7th.

Institutional Trading of Otter Tail

A number of institutional investors have recently made changes to their positions in OTTR. Jane Street Group LLC boosted its stake in shares of Otter Tail by 190.8% during the first quarter. Jane Street Group LLC now owns 54,112 shares of the utilities provider's stock valued at $4,349,000 after purchasing an additional 35,505 shares during the period. Focus Partners Wealth purchased a new stake in shares of Otter Tail during the first quarter valued at approximately $646,000. AQR Capital Management LLC lifted its stake in Otter Tail by 26.9% in the first quarter. AQR Capital Management LLC now owns 22,709 shares of the utilities provider's stock worth $1,825,000 after acquiring an additional 4,815 shares during the period. Royal Bank of Canada lifted its stake in Otter Tail by 2.5% in the first quarter. Royal Bank of Canada now owns 116,479 shares of the utilities provider's stock worth $9,361,000 after acquiring an additional 2,807 shares during the period. Finally, United Services Automobile Association purchased a new stake in Otter Tail in the first quarter worth $223,000. Hedge funds and other institutional investors own 61.32% of the company's stock.

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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