Otter Tail (NASDAQ:OTTR - Get Free Report) is set to announce its earnings results after the market closes on Monday, November 4th. Analysts expect the company to announce earnings of $1.80 per share for the quarter. Otter Tail has set its FY24 guidance at $6.77-7.07 EPS.Investors that are interested in participating in the company's conference call can do so using this link.
Otter Tail (NASDAQ:OTTR - Get Free Report) last announced its earnings results on Monday, August 5th. The utilities provider reported $2.07 EPS for the quarter, topping the consensus estimate of $1.69 by $0.38. Otter Tail had a net margin of 22.84% and a return on equity of 21.06%. The company had revenue of $342.34 million during the quarter, compared to analysts' expectations of $367.71 million. During the same period last year, the company posted $1.95 earnings per share. The business's revenue for the quarter was up 1.4% on a year-over-year basis. On average, analysts expect Otter Tail to post $7 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Otter Tail Trading Up 1.1 %
Shares of OTTR traded up $0.90 during midday trading on Monday, hitting $79.75. The stock had a trading volume of 143,581 shares, compared to its average volume of 230,748. Otter Tail has a fifty-two week low of $69.49 and a fifty-two week high of $100.84. The business has a 50-day simple moving average of $80.03 and a two-hundred day simple moving average of $85.88. The firm has a market cap of $3.34 billion, a P/E ratio of 10.77 and a beta of 0.53. The company has a current ratio of 2.27, a quick ratio of 1.67 and a debt-to-equity ratio of 0.60.
Otter Tail Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were issued a $0.468 dividend. This represents a $1.87 annualized dividend and a dividend yield of 2.35%. The ex-dividend date was Thursday, August 15th. Otter Tail's payout ratio is 25.27%.
Insiders Place Their Bets
In related news, VP Jennifer O. Smestad sold 4,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $88.74, for a total transaction of $354,960.00. Following the completion of the sale, the vice president now directly owns 12,300 shares in the company, valued at approximately $1,091,502. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.30% of the company's stock.
About Otter Tail
(
Get Free Report)
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.
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