Otter Tail (NASDAQ:OTTR) Releases FY 2025 Earnings Guidance

Otter Tail (NASDAQ:OTTR) issued an update on its FY 2025 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of 6.320-6.620 for the period, compared to the consensus estimate of 6.480. The company issued revenue guidance of -.

Otter Tail Price Performance

Shares of NASDAQ OTTR traded up $0.74 during trading hours on Monday, hitting $77.96. 233,208 shares of the stock were exchanged, compared to its average volume of 224,251. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.57 and a current ratio of 3.31. The company has a market cap of $3.27 billion, a PE ratio of 11.46 and a beta of 0.54. The company’s fifty day simple moving average is $80.89 and its two-hundred day simple moving average is $79.39. Otter Tail has a 1-year low of $71.66 and a 1-year high of $88.36.

Otter Tail (NASDAQ:OTTR) last issued its earnings results on Monday, November 3rd. The utilities provider reported $1.86 earnings per share for the quarter, missing analysts’ consensus estimates of $1.89 by ($0.03). Otter Tail had a net margin of 21.82% and a return on equity of 16.85%. Otter Tail has set its FY 2025 guidance at 6.320-6.620 EPS. On average, sell-side analysts predict that Otter Tail will post 5.88 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on OTTR shares. Zacks Research upgraded shares of Otter Tail to a “hold” rating in a research report on Friday, October 17th. Weiss Ratings upgraded shares of Otter Tail from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Saturday, October 25th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $83.00.

Hedge Funds Weigh In On Otter Tail

Hedge funds have recently bought and sold shares of the company. BI Asset Management Fondsmaeglerselskab A S bought a new position in Otter Tail during the second quarter worth $53,000. Strs Ohio bought a new position in Otter Tail in the 1st quarter valued at about $169,000. State of Wyoming acquired a new position in Otter Tail during the 2nd quarter valued at about $169,000. United Services Automobile Association acquired a new position in Otter Tail during the 1st quarter valued at about $223,000. Finally, Tidal Investments LLC purchased a new position in Otter Tail during the second quarter worth about $231,000. Institutional investors own 61.32% of the company’s stock.

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.