Otter Tail (NASDAQ:OTTR) Releases Quarterly Earnings Results, Beats Estimates By $0.09 EPS

Otter Tail (NASDAQ:OTTR - Get Free Report) posted its quarterly earnings data on Monday. The utilities provider reported $1.62 EPS for the quarter, topping analysts' consensus estimates of $1.53 by $0.09, Zacks reports. Otter Tail had a return on equity of 18.96% and a net margin of 22.67%. The firm had revenue of $337.35 million during the quarter, compared to analysts' expectations of $349.70 million. During the same quarter last year, the business posted $1.77 EPS. The firm's quarterly revenue was down 2.8% compared to the same quarter last year. Otter Tail updated its FY 2025 guidance to 5.680-6.080 EPS.

Otter Tail Trading Up 0.1 %

Shares of OTTR traded up $0.05 during mid-day trading on Friday, hitting $76.74. The company had a trading volume of 167,949 shares, compared to its average volume of 240,698. Otter Tail has a 1-year low of $71.66 and a 1-year high of $100.84. The business's 50-day simple moving average is $79.51 and its 200-day simple moving average is $78.72. The stock has a market cap of $3.21 billion, a PE ratio of 10.70 and a beta of 0.56. The company has a quick ratio of 1.66, a current ratio of 2.03 and a debt-to-equity ratio of 0.57.

Otter Tail Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be given a dividend of $0.525 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $2.10 annualized dividend and a yield of 2.74%. Otter Tail's dividend payout ratio (DPR) is presently 29.29%.

Wall Street Analysts Forecast Growth

Separately, Siebert Williams Shank raised shares of Otter Tail from a "hold" rating to a "buy" rating and upped their price objective for the company from $82.00 to $83.00 in a research note on Wednesday.

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.