Otter Tail (NASDAQ:OTTR) Issues FY24 Earnings Guidance

Otter Tail (NASDAQ:OTTR) updated its FY24 earnings guidance on Monday. The company provided EPS guidance of $6.77-7.07 for the period, compared to the consensus EPS estimate of $6.37.

Otter Tail Trading Down 1.8 %

Shares of Otter Tail stock traded down $1.71 during trading on Monday, reaching $92.17. 317,084 shares of the company were exchanged, compared to its average volume of 226,327. Otter Tail has a twelve month low of $68.96 and a twelve month high of $100.84. The business has a 50-day moving average price of $89.68 and a 200-day moving average price of $88.26. The company has a quick ratio of 2.21, a current ratio of 2.92 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $3.85 billion, a price-to-earnings ratio of 12.66 and a beta of 0.55.

Otter Tail (NASDAQ:OTTR) last announced its quarterly earnings results on Monday, May 6th. The utilities provider reported $1.77 earnings per share for the quarter. Otter Tail had a net margin of 22.55% and a return on equity of 21.58%. The company had revenue of $347.07 million for the quarter. Sell-side analysts anticipate that Otter Tail will post 6.35 EPS for the current fiscal year.

Insider Transactions at Otter Tail

In other news, VP Paul L. Knutson sold 4,000 shares of the business’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $90.66, for a total value of $362,640.00. Following the sale, the vice president now owns 20,359 shares of the company’s stock, valued at $1,845,746.94. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 2.30% of the stock is owned by insiders.

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.