Otter Tail (NASDAQ:OTTR) Issues Quarterly Earnings Results

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

Shares of Otter Tail stock traded up $0.25 during trading on Tuesday, hitting $48.14. 92,031 shares of the stock were exchanged, compared to its average volume of 118,987. The stock’s fifty day moving average is $46.52 and its 200 day moving average is $42.79. The stock has a market cap of $2.00 billion, a PE ratio of 20.06 and a beta of 0.33. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.64 and a current ratio of 0.92. Otter Tail has a 12 month low of $35.36 and a 12 month high of $48.67.

Several research firms have weighed in on OTTR. Zacks Investment Research lowered shares of Otter Tail from a “buy” rating to a “hold” rating in a research note on Saturday. Williams Capital reiterated a “buy” rating on shares of Otter Tail in a research note 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. The stock has an average rating of “Buy” and an average price target 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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