Otter Tail (OTTR) to Release Quarterly Earnings on Monday

Otter Tail (NASDAQ:OTTR) is scheduled to be issuing its quarterly earnings data after the market closes on Monday, August 5th. Analysts expect the company to announce earnings of $1.76 per share for the quarter. Otter Tail has set its FY 2024 guidance at 6.230-6.530 EPS.Parties that are interested in registering for the company’s conference call can do so using this link.

Otter Tail (NASDAQ:OTTR) last issued its quarterly earnings data on Monday, May 6th. The utilities provider reported $1.77 earnings per share (EPS) for the quarter. Otter Tail had a return on equity of 21.58% and a net margin of 22.55%. The business had revenue of $347.07 million for the quarter. On average, analysts expect Otter Tail to post $6 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Otter Tail Trading Down 1.8 %

Shares of OTTR stock opened at $93.88 on Friday. Otter Tail has a 1 year low of $68.96 and a 1 year high of $100.84. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.92 and a quick ratio of 2.21. The stock’s 50 day simple moving average is $89.68 and its two-hundred day simple moving average is $88.23. The company has a market cap of $3.93 billion, a PE ratio of 12.90 and a beta of 0.55.

Insider Activity

In other news, VP Paul L. Knutson sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $90.66, for a total transaction of $362,640.00. Following the transaction, the vice president now owns 20,359 shares of the company’s stock, valued at $1,845,746.94. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 2.30% of the company’s stock.

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.