Otter Tail (NASDAQ:OTTR) Issues FY 2024 Earnings Guidance

Otter Tail (NASDAQ:OTTR) issued an update on its FY 2024 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of 6.970-7.170 for the period, compared to the consensus estimate of 7.100. The company issued revenue guidance of -.

Otter Tail Price Performance

OTTR stock traded up $2.84 on Tuesday, reaching $81.37. The company had a trading volume of 244,317 shares, compared to its average volume of 229,511. Otter Tail has a 1 year low of $73.43 and a 1 year high of $100.84. The company has a market cap of $3.40 billion, a P/E ratio of 10.61 and a beta of 0.52. The company’s fifty day moving average is $78.84 and its 200 day moving average is $85.71. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.67 and a current ratio of 2.27.

Otter Tail (NASDAQ:OTTR) last announced its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $362.20 million. Otter Tail had a return on equity of 21.06% and a net margin of 22.84%. During the same period in the prior year, the firm earned $2.19 EPS. On average, research analysts forecast that Otter Tail will post 7.01 earnings per share for the current year.

Insider Activity at Otter Tail

In other Otter Tail news, VP Jennifer O. Smestad sold 4,000 shares of Otter Tail 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 transaction, the vice president now directly owns 12,300 shares in the company, valued at approximately $1,091,502. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.30% 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.