Otter Tail (NASDAQ:OTTR) Announces Earnings Results

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Otter Tail (NASDAQ:OTTR) released its quarterly earnings data on Sunday. The utilities provider reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.06, MarketWatch Earnings reports. The company had revenue of $261.71 million during the quarter, compared to analyst estimates of $248.77 million. Otter Tail had a net margin of 11.10% and a return on equity of 11.98%. The business’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.60 earnings per share.

OTTR traded up $0.29 during trading hours on Tuesday, reaching $48.18. 5,490 shares of the stock traded hands, compared to its average volume of 119,271. Otter Tail has a fifty-two week low of $35.36 and a fifty-two week high of $48.31. The company has a market cap of $2.00 billion, a price-to-earnings ratio of 20.13 and a beta of 0.33. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.92 and a quick ratio of 0.64. The firm’s fifty day simple moving average is $46.52 and its two-hundred day simple moving average is $42.79.

Several analysts recently issued reports on OTTR shares. Williams Capital reiterated a “buy” rating on shares of Otter Tail in a report on Friday, April 23rd. Zacks Investment Research downgraded Otter Tail from a “buy” rating to a “hold” rating in a research report on Saturday. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $49.33.

Otter Tail Company Profile

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.

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Earnings History for Otter Tail (NASDAQ:OTTR)

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