Otter Tail Co. (OTTR) Expected to Post Earnings of $0.44 Per Share

Analysts expect that Otter Tail Co. (NASDAQ:OTTR) will post $0.44 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have made estimates for Otter Tail’s earnings. Otter Tail also posted earnings of $0.44 per share during the same quarter last year. The company is scheduled to announce its next quarterly earnings results on Monday, February 5th.

According to Zacks, analysts expect that Otter Tail will report full year earnings of $1.80 per share for the current year. For the next year, analysts anticipate that the company will post earnings of $1.85 per share. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Otter Tail.

Otter Tail (NASDAQ:OTTR) last posted its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $0.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.06. The business had revenue of $216.50 million during the quarter, compared to analysts’ expectations of $201.70 million. Otter Tail had a net margin of 8.21% and a return on equity of 10.34%. The business’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the company posted $0.37 earnings per share.

A number of research firms have issued reports on OTTR. BidaskClub cut shares of Otter Tail from a “hold” rating to a “sell” rating in a report on Friday, January 5th. KeyCorp reiterated a “hold” rating on shares of Otter Tail in a research note on Friday, October 20th. Zacks Investment Research lowered shares of Otter Tail from a “buy” rating to a “hold” rating in a research note on Tuesday, September 12th. Finally, Sidoti lowered shares of Otter Tail from a “buy” rating to a “neutral” rating and set a $46.00 price objective on the stock. in a research note on Monday. One research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. The company has an average rating of “Hold” and an average target price of $44.67.

Otter Tail (NASDAQ OTTR) opened at $41.10 on Wednesday. The stock has a market cap of $1,630.00, a price-to-earnings ratio of 22.83 and a beta of 0.82. Otter Tail has a fifty-two week low of $35.65 and a fifty-two week high of $48.65. The company has a quick ratio of 0.61, a current ratio of 0.93 and a debt-to-equity ratio of 0.71.

In other news, Director John D. Erickson sold 2,400 shares of the stock in a transaction on Monday, November 20th. The shares were sold at an average price of $45.55, for a total value of $109,320.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP George A. Koeck sold 3,000 shares of the stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $46.50, for a total transaction of $139,500.00. The disclosure for this sale can be found here. Insiders sold 6,900 shares of company stock worth $318,570 in the last quarter. Company insiders own 1.40% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Old Mutual Global Investors UK Ltd. acquired a new stake in Otter Tail during the second quarter valued at $107,000. Steward Partners Investment Advisory LLC acquired a new stake in Otter Tail during the third quarter valued at $107,000. Ameritas Investment Partners Inc. grew its position in Otter Tail by 9.8% during the second quarter. Ameritas Investment Partners Inc. now owns 3,453 shares of the utilities provider’s stock valued at $137,000 after buying an additional 309 shares during the period. C M Bidwell & Associates Ltd. acquired a new stake in Otter Tail during the second quarter valued at $173,000. Finally, Amalgamated Bank acquired a new stake in Otter Tail during the third quarter valued at $212,000. Institutional investors own 41.02% of the company’s stock.

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Otter Tail Company Profile

Otter Tail Corporation is a holding company. The Company operates through three segments: Electric, Manufacturing and Plastics. The Electric segment includes the production, transmission, distribution and sale of electric energy in Minnesota, North Dakota and South Dakota by Otter Tail Power Company (OTP).

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Earnings History and Estimates for Otter Tail (NASDAQ:OTTR)

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