Otter Tail (NASDAQ:OTTR) Posts 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 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.09, Zacks reports. The business had revenue of $337.35 million for the quarter, compared to analysts' expectations of $349.70 million. Otter Tail had a return on equity of 18.96% and a net margin of 22.67%. The business's revenue was down 2.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.77 EPS. Otter Tail updated its FY 2025 guidance to 5.680-6.080 EPS.

Otter Tail Stock Down 0.5 %

Shares of OTTR traded down $0.38 on Friday, hitting $76.31. 28,998 shares of the stock traded hands, compared to its average volume of 239,465. Otter Tail has a one year low of $71.66 and a one year high of $100.84. The business has a 50 day simple moving average of $79.56 and a 200 day simple moving average of $78.72. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.66 and a current ratio of 2.03. The company has a market capitalization of $3.20 billion, a PE ratio of 10.64 and a beta of 0.56.

Otter Tail Dividend Announcement

The company also recently disclosed 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. This represents a $2.10 annualized dividend and a yield of 2.75%. The ex-dividend date of this dividend is Thursday, May 15th. Otter Tail's dividend payout ratio (DPR) is 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 boosted their price objective for the stock from $82.00 to $83.00 in a research note on Wednesday.

Otter Tail Company Profile

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.