Otter Tail (NASDAQ:OTTR) Issues Quarterly Earnings Results, Beats Expectations By $0.06 EPS

Otter Tail (NASDAQ:OTTR) announced its earnings results on Sunday. The utilities provider reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.06, MarketWatch Earnings reports. The business had revenue of $261.71 million during the quarter, compared to analyst estimates of $248.77 million. Otter Tail had a net margin of 11.10% and a return on equity of 11.98%. The company’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.60 EPS.

Shares of NASDAQ OTTR traded up $0.40 during mid-day trading on Tuesday, reaching $48.29. The company’s stock had a trading volume of 5,620 shares, compared to its average volume of 119,271. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.92 and a quick ratio of 0.64. Otter Tail has a 52 week low of $35.36 and a 52 week high of $48.31. The stock has a fifty day moving average of $46.52 and a two-hundred day moving average of $42.79. The firm has a market capitalization of $2.00 billion, a PE ratio of 20.13 and a beta of 0.33.

Several equities analysts have recently weighed in on OTTR shares. Zacks Investment Research cut shares of Otter Tail from a “buy” rating to a “hold” rating in a research note on Saturday. Williams Capital reaffirmed a “buy” rating on shares of Otter Tail in a report on Friday, April 23rd. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company 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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Earnings History for Otter Tail (NASDAQ:OTTR)

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