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NASDAQ:OTTR

Otter Tail - OTTR Stock Forecast, Price & News

$80.99
-0.73 (-0.89%)
(As of 08/19/2022 04:18 PM ET)
Add
Compare
Today's Range
$80.67
$81.68
50-Day Range
$61.78
$81.72
52-Week Range
$52.49
$82.46
Volume
117,700 shs
Average Volume
158,117 shs
Market Capitalization
$3.37 billion
P/E Ratio
12.94
Dividend Yield
2.02%
Price Target
$70.33

Otter Tail MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
13.2% Downside
$70.33 Price Target
Short Interest
Bearish
3.08% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.97mentions of Otter Tail in the last 14 days
Based on 13 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-39.69%
From $7.08 to $4.27 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.67 out of 5 stars

Utilities Sector

81st out of 87 stocks

Electric Services Industry

38th out of 42 stocks

OTTR stock logo

About Otter Tail (NASDAQ:OTTR) Stock

Otter Tail Corporation, together with its subsidiaries, engages in electric utility, manufacturing, and plastic pipe businesses in the United States. The company's 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, Inc. markets. This segment generates electricity through coal, wind and hydro, and natural gas. It serves approximately 133,000 residential, industrial, and other commercial customers. Its Manufacturing segment engages in the contract machining, metal parts stamping, fabrication and painting, and production of plastic thermoformed horticultural containers, life science and industrial packaging, and material handling components, and extruded raw material stock for recreational vehicle, agricultural, construction, lawn and garden, and industrial and energy equipment industries. It also manufactures clamshell packing, blister packs, returnable pallets, and handling trays for shipping and storing odd-shaped or difficult-to-handle parts for customers in the horticulture, medical and life sciences, industrial, recreation, and electronics industries. The company's Plastics segment manufactures polyvinyl chloride pipes for municipal water, rural water, wastewater, storm drainage and water reclamation system, and other uses. This segment markets its products to wholesalers and distributors through independent sales representatives, company salespersons, and customer service representatives. The company was formerly known as Otter Tail Power Company and changed its name to Otter Tail Corporation in 2001. Otter Tail Corporation was founded in 1907 and is headquartered in Fergus Falls, Minnesota.

Otter Tail Stock Performance

Shares of OTTR opened at $81.72 on Friday. The stock has a 50-day simple moving average of $69.49 and a 200-day simple moving average of $65.02. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.13 and a current ratio of 1.64. The stock has a market capitalization of $3.40 billion, a PE ratio of 13.05 and a beta of 0.46. Otter Tail has a 1 year low of $52.49 and a 1 year high of $82.46.

Otter Tail (NASDAQ:OTTR - Get Rating) last announced its quarterly earnings data on Monday, August 1st. The utilities provider reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.50. The business had revenue of $400.04 million during the quarter, compared to analysts' expectations of $336.87 million. Otter Tail had a return on equity of 25.55% and a net margin of 18.42%. The business's quarterly revenue was up 40.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.01 EPS. On average, analysts predict that Otter Tail will post 7.08 earnings per share for the current fiscal year.

Otter Tail Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 9th. Investors of record on Monday, August 15th will be paid a dividend of $0.412 per share. This represents a $1.65 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend is Friday, August 12th. Otter Tail's payout ratio is 26.36%.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. StockNews.com upgraded Otter Tail from a "hold" rating to a "buy" rating in a research report on Friday. Siebert Williams Shank lowered Otter Tail from a "hold" rating to a "sell" rating and raised their price objective for the company from $62.00 to $64.00 in a report on Wednesday, August 3rd.

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OTTR Stock News Headlines

Comparing Altus Power (NYSE:AMPS) and Otter Tail (NASDAQ:OTTR)
Otter Tail (NASDAQ:OTTR) Stock Rating Lowered by StockNews.com
Otter Tail (OTTR) Q2 2022 Earnings Call Transcript
Otter Tail Earnings Preview
See More Headlines
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OTTR Company Calendar

Ex-Dividend for 6/10 Dividend
5/12/2022
Dividend Payable
6/10/2022
Last Earnings
8/01/2022
Ex-Dividend for 9/9 Dividend
8/12/2022
Today
8/19/2022
Dividend Payable
9/09/2022
Next Earnings (Estimated)
11/07/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Electric services
Sub-Industry
Electric Utilities
Sector
Utilities
Current Symbol
NASDAQ:OTTR
CUSIP
68964810
Employees
2,487
Year Founded
1907

Price Target and Rating

Average Stock Price Forecast
$70.33
High Stock Price Forecast
$75.00
Low Stock Price Forecast
$64.00
Forecasted Upside/Downside
-13.2%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
3 Analysts

Profitability

Net Income
$176.77 million
Pretax Margin
23.06%

Debt

Sales & Book Value

Annual Sales
$1.20 billion
Cash Flow
$6.42 per share
Book Value
$26.82 per share

Miscellaneous

Free Float
40,798,000
Market Cap
$3.37 billion
Optionable
Optionable
Beta
0.46

Social Links


Key Executives

  • Mr. Charles S. MacFarlane (Age 57)
    Pres, CEO & Director
    Comp: $2.73M
  • Mr. Kevin G. Moug (Age 62)
    Sr. VP & CFO
    Comp: $990.07k
  • Ms. Jennifer O. Smestad (Age 51)
    VP, Gen. Counsel & Corp. Sec.
    Comp: $764.12k
  • Mr. Timothy J. Rogelstad (Age 55)
    Sr. VP of Electric Platform & Pres of Otter Tail Power Company
    Comp: $759.4k
  • Mr. John S. Abbott (Age 63)
    Sr. VP of Manufacturing Platform & Pres of Varistar
    Comp: $885.21k
  • Tyler Akerman
    Mang. of Investor Relations
  • Ms. Stephanie A. Hoff
    Director of Corp. Communications
  • Mr. Paul L. Knutson
    VP of HR
  • Mr. Loren Hanson
    Assistant Sec.













OTTR Stock - Frequently Asked Questions

Should I buy or sell Otter Tail stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Otter Tail in the last twelve months. There are currently 1 sell rating, 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" OTTR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in OTTR, but not buy additional shares or sell existing shares.
View OTTR analyst ratings
or view top-rated stocks.

What is Otter Tail's stock price forecast for 2022?

3 Wall Street analysts have issued 1-year price objectives for Otter Tail's shares. Their OTTR share price forecasts range from $64.00 to $75.00. On average, they anticipate the company's stock price to reach $70.33 in the next twelve months. This suggests that the stock has a possible downside of 13.9%.
View analysts price targets for OTTR
or view top-rated stocks among Wall Street analysts.

How have OTTR shares performed in 2022?

Otter Tail's stock was trading at $71.42 at the beginning of 2022. Since then, OTTR stock has increased by 14.4% and is now trading at $81.72.
View the best growth stocks for 2022 here
.

When is Otter Tail's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, November 7th 2022.
View our OTTR earnings forecast
.

How were Otter Tail's earnings last quarter?

Otter Tail Co. (NASDAQ:OTTR) released its quarterly earnings results on Monday, August, 1st. The utilities provider reported $2.05 EPS for the quarter, topping the consensus estimate of $1.55 by $0.50. The utilities provider earned $400.04 million during the quarter, compared to the consensus estimate of $336.87 million. Otter Tail had a net margin of 18.42% and a trailing twelve-month return on equity of 25.55%. Otter Tail's revenue was up 40.1% on a year-over-year basis. During the same period last year, the company posted $1.01 EPS.

How often does Otter Tail pay dividends? What is the dividend yield for Otter Tail?

Otter Tail declared a quarterly dividend on Monday, August 1st. Investors of record on Monday, August 15th will be given a dividend of $0.412 per share on Friday, September 9th. This represents a $1.65 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date of this dividend is Friday, August 12th.
Read our dividend analysis for OTTR
.

Is Otter Tail a good dividend stock?

Otter Tail (NASDAQ:OTTR) pays an annual dividend of $1.65 per share and currently has a dividend yield of 2.03%. The company has been increasing its dividend for 9 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 26.36%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, OTTR will have a dividend payout ratio of 38.64% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for OTTR.

What guidance has Otter Tail issued on next quarter's earnings?

Otter Tail updated its FY 2022 earnings guidance on Tuesday, August, 9th. The company provided EPS guidance of $6.83-$7.13 for the period, compared to the consensus EPS estimate of $5.09. The company issued revenue guidance of -.

What is Nathan I. Partain's approval rating as Otter Tail's CEO?

9 employees have rated Otter Tail Chief Executive Officer Nathan I. Partain on Glassdoor.com. Nathan I. Partain has an approval rating of 78% among the company's employees.

What other stocks do shareholders of Otter Tail own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Otter Tail investors own include Gilead Sciences (GILD), QUALCOMM (QCOM), AT&T (T), Dominion Energy (D), ONEOK (OKE), Occidental Petroleum (OXY), Pfizer (PFE), Exxon Mobil (XOM), B&G Foods (BGS) and

What is Otter Tail's stock symbol?

Otter Tail trades on the NASDAQ under the ticker symbol "OTTR."

Who are Otter Tail's major shareholders?

Otter Tail's stock is owned by a number of retail and institutional investors. Top institutional investors include State Street Corp (2.11%), Northern Trust Corp (1.44%), Millennium Management LLC (0.98%), Gamco Investors INC. ET AL (0.84%), Victory Capital Management Inc. (0.70%) and Renaissance Technologies LLC (0.51%). Insiders that own company stock include John D Erickson, John D Erickson and Timothy J O'keefe.
View institutional ownership trends
.

How do I buy shares of Otter Tail?

Shares of OTTR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Otter Tail's stock price today?

One share of OTTR stock can currently be purchased for approximately $81.72.

How much money does Otter Tail make?

Otter Tail (NASDAQ:OTTR) has a market capitalization of $3.40 billion and generates $1.20 billion in revenue each year. The utilities provider earns $176.77 million in net income (profit) each year or $6.26 on an earnings per share basis.

How many employees does Otter Tail have?

The company employs 2,487 workers across the globe.

When was Otter Tail founded?

Otter Tail was founded in 1907.

How can I contact Otter Tail?

Otter Tail's mailing address is 215 S CASCADE ST PO BOX 496, FERGUS FALLS MN, 56538. The official website for the company is www.ottertail.com. The utilities provider can be reached via phone at (866) 410-8780, via email at lhanson@ottertail.com, or via fax at 218-998-3165.

This page (NASDAQ:OTTR) was last updated on 8/19/2022 by MarketBeat.com Staff

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