KeyCorp Predicts Otter Tail’s FY2025 Earnings (NASDAQ:OTTR)

Otter Tail Corporation (NASDAQ:OTTR) – Research analysts at KeyCorp issued their FY2025 EPS estimates for shares of Otter Tail in a note issued to investors on Wednesday, October 15th. KeyCorp analyst S. Karp anticipates that the utilities provider will post earnings per share of $6.36 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.

OTTR has been the subject of several other research reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Otter Tail in a research note on Wednesday, October 8th. Zacks Research raised shares of Otter Tail to a “hold” rating in a research note on Friday, October 17th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Otter Tail currently has a consensus rating of “Hold” and a consensus price target of $83.00.

Otter Tail Stock Up 0.7%

OTTR stock opened at $78.21 on Monday. The company has a current ratio of 3.31, a quick ratio of 2.57 and a debt-to-equity ratio of 0.59. Otter Tail has a 1 year low of $71.66 and a 1 year high of $88.36. The company has a fifty day simple moving average of $81.77 and a 200 day simple moving average of $79.34. The firm has a market cap of $3.28 billion, a PE ratio of 11.50 and a beta of 0.54.

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

Otter Tail Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were issued a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 2.7%. The ex-dividend date was Friday, August 15th. Otter Tail’s dividend payout ratio (DPR) is 30.88%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of OTTR. Wealth Enhancement Advisory Services LLC raised its holdings in Otter Tail by 2.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 17,878 shares of the utilities provider’s stock worth $1,437,000 after acquiring an additional 375 shares during the period. Buck Wealth Strategies LLC raised its holdings in Otter Tail by 10.1% in the 1st quarter. Buck Wealth Strategies LLC now owns 59,390 shares of the utilities provider’s stock worth $4,773,000 after acquiring an additional 5,461 shares during the period. Sequoia Financial Advisors LLC bought a new position in shares of Otter Tail during the 1st quarter worth about $662,000. Allspring Global Investments Holdings LLC increased its holdings in shares of Otter Tail by 51.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 10,838 shares of the utilities provider’s stock worth $881,000 after purchasing an additional 3,685 shares during the period. Finally, Goodman Advisory Group LLC bought a new position in shares of Otter Tail during the 1st quarter worth about $54,000. Institutional investors own 61.32% of the company’s stock.

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.