Otter Tail (NASDAQ:OTTR) Releases FY 2025 Earnings Guidance

Key Points

• Otter Tail (NASDAQ:OTTR) has updated its FY 2025 earnings guidance, projecting earnings per share in the range of 6.060-6.46, slightly above the consensus estimate of 6.143.
• Siebert Williams Shank has upgraded Otter Tail's stock rating from "hold" to "buy" and raised the price target from $82.00 to $83.00.
• The company's market capitalization stands at $3.19 billion, with a current PE ratio of 10.86 and a beta of 0.56.

Otter Tail (NASDAQ:OTTR - Get Free Report) updated its FY 2025 earnings guidance on Monday. The company provided earnings per share guidance of 6.060-6.46 for the period, compared to the consensus earnings per share estimate of 6.143. The company issued revenue guidance of -.

Analyst Upgrades and Downgrades

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

Otter Tail Price Performance

NASDAQ:OTTR traded up $0.93 during midday trading on Monday, hitting $76.22. The company had a trading volume of 213,178 shares, compared to its average volume of 237,709. Otter Tail has a 52-week low of $71.66 and a 52-week high of $96.79. The stock's fifty day moving average price is $77.79 and its 200-day moving average price is $78.73. The company has a market capitalization of $3.19 billion, a PE ratio of 10.86 and a beta of 0.56. The company has a quick ratio of 2.03, a current ratio of 2.62 and a debt-to-equity ratio of 0.58.

Otter Tail (NASDAQ:OTTR - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The utilities provider reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.11. Otter Tail had a net margin of 22.37% and a return on equity of 17.95%. As a group, research analysts expect that Otter Tail will post 5.88 earnings per share for the current year.

Hedge Funds Weigh In On Otter Tail

A number of institutional investors and hedge funds have recently made changes to their positions in OTTR. Strs Ohio bought a new position in shares of Otter Tail during the first quarter valued at approximately $169,000. United Services Automobile Association bought a new position in shares of Otter Tail during the first quarter valued at approximately $223,000. Focus Partners Wealth bought a new position in shares of Otter Tail during the first quarter valued at approximately $646,000. Intech Investment Management LLC increased its stake in shares of Otter Tail by 12.3% during the first quarter. Intech Investment Management LLC now owns 18,905 shares of the utilities provider's stock valued at $1,519,000 after purchasing an additional 2,077 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of Otter Tail by 26.9% during the first quarter. AQR Capital Management LLC now owns 22,709 shares of the utilities provider's stock valued at $1,825,000 after purchasing an additional 4,815 shares in the last quarter. 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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