Otter Tail (NASDAQ:OTTR) issued its earnings results on Sunday. The utilities provider reported $0.73 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.06, MarketWatch Earnings reports. Otter Tail had a net margin of 11.10% and a return on equity of 11.98%. The company had revenue of $261.71 million for the quarter, compared to the consensus estimate of $248.77 million. During the same quarter in the previous year, the company earned $0.60 EPS. The firm’s revenue for the quarter was up 11.5% compared to the same quarter last year.
Shares of Otter Tail stock traded up $0.27 during trading on Tuesday, reaching $48.16. The company’s stock had a trading volume of 5,381 shares, compared to its average volume of 119,271. The stock has a 50-day moving average price of $46.52 and a two-hundred day moving average price of $42.79. The company has a current ratio of 0.92, a quick ratio of 0.64 and a debt-to-equity ratio of 0.90. Otter Tail has a one year low of $35.36 and a one year high of $48.31. The stock has a market capitalization of $2.00 billion, a P/E ratio of 20.13 and a beta of 0.33.
Several brokerages have recently commented on OTTR. Zacks Investment Research downgraded shares of Otter Tail from a “buy” rating to a “hold” rating in a research note on Saturday. Williams Capital restated a “buy” rating on shares of Otter Tail in a research note on Friday, April 23rd. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $49.33.
Otter Tail Company Profile
Otter Tail Corporation, together with its subsidiaries, engages in electric utility, manufacturing, and plastic pipe businesses in the United States. The company's 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, Inc markets.
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