Otter Tail (NASDAQ:OTTR) Releases FY 2024 Earnings Guidance

Otter Tail (NASDAQ:OTTR) updated its FY 2024 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of 6.230-6.530 for the period, compared to the consensus estimate of 5.300. The company issued revenue guidance of -.

Otter Tail Trading Up 3.2 %

Shares of OTTR stock traded up $2.84 during trading hours on Monday, hitting $90.66. The company had a trading volume of 289,446 shares, compared to its average volume of 245,557. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.84 and a quick ratio of 1.36. The stock has a market capitalization of $3.78 billion, a PE ratio of 12.55 and a beta of 0.56. The company’s fifty day moving average is $84.67 and its 200 day moving average is $83.26. Otter Tail has a fifty-two week low of $68.96 and a fifty-two week high of $99.49.

Otter Tail (NASDAQ:OTTR) last released its quarterly earnings results on Tuesday, February 13th. The utilities provider reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.03. Otter Tail had a return on equity of 21.64% and a net margin of 21.81%. The company had revenue of $314.31 million for the quarter, compared to analysts’ expectations of $300.60 million. During the same period in the prior year, the firm earned $1.00 earnings per share. Research analysts expect that Otter Tail will post 5.28 earnings per share for the current fiscal year.

Otter Tail Company Profile

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.