What is KeyCorp’s Forecast for Otter Tail FY2025 Earnings?

Otter Tail Corporation (NASDAQ:OTTR) – Research analysts at KeyCorp issued their FY2025 earnings per share (EPS) estimates for shares of Otter Tail in a research note issued to investors on Wednesday, October 15th. KeyCorp analyst S. Karp expects that the utilities provider will post earnings of $6.36 per share for the year. The consensus estimate for Otter Tail’s current full-year earnings is $5.88 per share. KeyCorp also issued estimates for Otter Tail’s FY2026 earnings at $5.44 EPS, FY2027 earnings at $4.90 EPS and FY2028 earnings at $4.46 EPS.

Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Otter Tail in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $83.00.

Otter Tail Stock Performance

Shares of Otter Tail stock opened at $77.67 on Monday. Otter Tail has a one year low of $71.66 and a one year high of $88.36. The firm has a market capitalization of $3.26 billion, a price-to-earnings ratio of 11.42 and a beta of 0.54. The business has a 50-day simple moving average of $81.86 and a 200 day simple moving average of $79.35. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.31 and a quick ratio of 2.57.

Otter Tail (NASDAQ:OTTR) last issued its earnings results on Monday, August 4th. The utilities provider reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $0.11. Otter Tail had a return on equity of 16.85% and a net margin of 21.82%.The business had revenue of $333.04 million during the quarter, compared to analyst estimates of $329.60 million. During the same period in the previous year, the company posted $2.07 EPS. The firm’s revenue was down 2.7% compared to the same quarter last year. Otter Tail has set its FY 2025 guidance at 6.060-6.46 EPS.

Otter Tail Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Friday, August 15th. Otter Tail’s payout ratio is currently 30.88%.

Institutional Trading of Otter Tail

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. HighMark Wealth Management LLC bought a new stake in Otter Tail during the 2nd quarter worth approximately $26,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Otter Tail in the 1st quarter worth approximately $34,000. GAMMA Investing LLC boosted its stake in shares of Otter Tail by 44.0% in the 3rd quarter. GAMMA Investing LLC now owns 432 shares of the utilities provider’s stock worth $35,000 after buying an additional 132 shares during the last quarter. Goodman Advisory Group LLC purchased a new position in shares of Otter Tail in the 1st quarter worth approximately $54,000. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Otter Tail in the 2nd quarter worth approximately $53,000. 61.32% of the stock is owned by institutional investors.

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.