Otter Tail Corp. (OTTR) Releases FY14 Earnings Guidance
Otter Tail Corp. (NASDAQ:OTTR) updated its FY14 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $1.60-1.80 for the period, compared to the Thomson Reuters consensus estimate of $1.70, Analyst Ratings.Net reports.
Shares of Otter Tail Corp. (NASDAQ:OTTR) traded up 0.07% during mid-day trading on Monday, hitting $28.63. The stock had a trading volume of 87,095 shares. Otter Tail Corp. has a 52 week low of $25.84 and a 52 week high of $31.88. The stock has a 50-day moving average of $30.03 and a 200-day moving average of $29.47. The company has a market cap of $1.040 billion and a P/E ratio of 20.60.
Otter Tail Corp. (NASDAQ:OTTR) last released its earnings data on Tuesday, May 6th. The company reported $0.59 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.53 by $0.06. The company had revenue of $240.47 million for the quarter, compared to the consensus estimate of $227.75 million. During the same quarter last year, the company posted $0.41 earnings per share. Otter Tail Corp.’s revenue was up 10.3% compared to the same quarter last year. Analysts expect that Otter Tail Corp. will post $1.71 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Otter Tail Corp. from an outperform rating to a neutral rating in a research note on Tuesday, April 15th. They now have a $34.20 price target on the stock.
Otter Tail Corporation is a holding company operating through its subsidiaries. It operates in five segments.
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