KeyCorp Estimates Otter Tail's FY2025 Earnings (NASDAQ:OTTR)

Otter Tail Co. (NASDAQ:OTTR - Free Report) - Research analysts at KeyCorp lowered their FY2025 earnings per share (EPS) estimates for Otter Tail in a research note issued to investors on Tuesday, December 3rd. KeyCorp analyst S. Karp now expects that the utilities provider will earn $4.31 per share for the year, down from their prior forecast of $4.33. The consensus estimate for Otter Tail's current full-year earnings is $7.13 per share.

Otter Tail (NASDAQ:OTTR - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The utilities provider reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.97 by $0.06. The firm had revenue of $338.03 million for the quarter, compared to analysts' expectations of $362.20 million. Otter Tail had a net margin of 22.70% and a return on equity of 19.84%. During the same quarter last year, the business posted $2.19 earnings per share.

Several other brokerages also recently weighed in on OTTR. Siebert Williams Shank upgraded Otter Tail from a "strong sell" rating to a "hold" rating in a research note on Wednesday, November 6th. StockNews.com upgraded Otter Tail from a "sell" rating to a "hold" rating in a research note on Thursday, November 14th.

Otter Tail Price Performance

OTTR stock traded down $0.84 during mid-day trading on Friday, hitting $77.68. The company had a trading volume of 162,037 shares, compared to its average volume of 216,586. Otter Tail has a 12-month low of $73.43 and a 12-month high of $100.84. The company has a 50-day moving average price of $79.16 and a 200 day moving average price of $84.38. The company has a quick ratio of 1.66, a current ratio of 2.17 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $3.25 billion, a price-to-earnings ratio of 10.73 and a beta of 0.54.

Otter Tail Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.468 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.87 annualized dividend and a dividend yield of 2.41%. Otter Tail's payout ratio is currently 25.83%.

Hedge Funds Weigh In On Otter Tail

Several hedge funds have recently made changes to their positions in the company. Franklin Resources Inc. increased its holdings in shares of Otter Tail by 5.5% in the third quarter. Franklin Resources Inc. now owns 34,547 shares of the utilities provider's stock valued at $2,714,000 after purchasing an additional 1,804 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Otter Tail in the 3rd quarter worth approximately $39,000. Virtu Financial LLC acquired a new stake in Otter Tail during the 3rd quarter valued at approximately $711,000. Barclays PLC boosted its holdings in shares of Otter Tail by 359.8% in the 3rd quarter. Barclays PLC now owns 70,553 shares of the utilities provider's stock valued at $5,514,000 after acquiring an additional 55,210 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of Otter Tail in the 3rd quarter valued at $306,000. 61.32% of the stock is owned by institutional investors and hedge funds.

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.