Wall Street brokerages predict that Otter Tail Co. (NASDAQ:OTTR) will post earnings of $0.44 per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Otter Tail’s earnings. Otter Tail also posted earnings of $0.44 per share during the same quarter last year. The firm is scheduled to issue its next earnings results on Monday, February 5th.
On average, analysts expect that Otter Tail will report full-year earnings of $1.80 per share for the current financial year. For the next financial year, analysts expect that the firm will post earnings of $1.85 per share. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that cover Otter Tail.
Otter Tail (NASDAQ:OTTR) last released its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $0.45 EPS for the quarter, beating the consensus estimate of $0.39 by $0.06. Otter Tail had a net margin of 8.53% and a return on equity of 10.47%. The business had revenue of $216.50 million during the quarter, compared to the consensus estimate of $201.70 million. During the same quarter in the prior year, the firm earned $0.37 EPS. The business’s revenue was up 9.8% on a year-over-year basis.
Shares of Otter Tail (NASDAQ:OTTR) traded down $0.15 during trading hours on Wednesday, hitting $41.35. 71,540 shares of the company were exchanged, compared to its average volume of 84,194. The company has a current ratio of 0.93, a quick ratio of 0.61 and a debt-to-equity ratio of 0.71. Otter Tail has a 1 year low of $35.65 and a 1 year high of $48.65. The company has a market cap of $1,641.64, a P/E ratio of 22.97 and a beta of 0.82.
In other Otter Tail news, CFO Kevin G. Moug sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $46.50, for a total value of $69,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John D. Erickson sold 2,400 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $45.55, for a total transaction of $109,320.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,900 shares of company stock valued at $318,570. 1.40% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in OTTR. Old Mutual Global Investors UK Ltd. bought a new stake in Otter Tail in the second quarter worth about $107,000. Steward Partners Investment Advisory LLC bought a new stake in Otter Tail in the third quarter worth about $107,000. Ameritas Investment Partners Inc. lifted its stake in Otter Tail by 9.8% in the second quarter. Ameritas Investment Partners Inc. now owns 3,453 shares of the utilities provider’s stock worth $137,000 after purchasing an additional 309 shares during the last quarter. C M Bidwell & Associates Ltd. bought a new stake in Otter Tail in the second quarter worth about $173,000. Finally, Amalgamated Bank bought a new stake in Otter Tail in the third quarter worth about $212,000. 41.02% of the stock is owned by institutional investors and hedge funds.
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About Otter Tail
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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