Otter Tail (NASDAQ:OTTR) Issues FY 2024 Earnings Guidance

Otter Tail (NASDAQ:OTTR) updated its FY 2024 earnings guidance on Monday. The company provided EPS guidance of 6.230-6.530 for the period, compared to the consensus EPS estimate of 5.300. The company issued revenue guidance of -.

Otter Tail Stock Performance

Shares of NASDAQ OTTR opened at $90.66 on Tuesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.36 and a current ratio of 1.84. The company has a market cap of $3.78 billion, a P/E ratio of 12.95 and a beta of 0.56. The firm’s fifty day moving average is $84.73 and its two-hundred day moving average is $83.40. Otter Tail has a 52-week low of $68.96 and a 52-week high of $99.49.

Otter Tail (NASDAQ:OTTR) last posted its earnings results on Tuesday, February 13th. The utilities provider reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.03. Otter Tail had a net margin of 21.81% and a return on equity of 21.64%. The firm had revenue of $314.31 million for the quarter, compared to the consensus estimate of $300.60 million. During the same period in the previous year, the firm posted $1.00 EPS. As a group, analysts anticipate that Otter Tail will post 5.28 EPS for the current fiscal year.

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.