Equities research analysts expect that Otter Tail Corporation (NASDAQ:OTTR) will announce $0.46 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have made estimates for Otter Tail’s earnings, with estimates ranging from $0.44 to $0.47. Otter Tail reported earnings per share of $0.44 during the same quarter last year, which suggests a positive year over year growth rate of 4.5%. The company is scheduled to report its next earnings results on Monday, February 5th.

According to Zacks, analysts expect that Otter Tail will report full year earnings of $1.78 per share for the current year, with EPS estimates ranging from $1.76 to $1.80. For the next year, analysts expect that the firm will post earnings of $1.84 per share, with EPS estimates ranging from $1.83 to $1.85. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that that provide coverage for Otter Tail.

Otter Tail (NASDAQ:OTTR) last issued its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.06. The company had revenue of $216.50 million for the quarter, compared to the consensus estimate of $201.70 million. Otter Tail had a return on equity of 10.47% and a net margin of 8.53%. Otter Tail’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.37 earnings per share.

A number of brokerages have issued reports on OTTR. Zacks Investment Research upgraded Otter Tail from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research report on Tuesday, November 7th. KeyCorp restated a “hold” rating on shares of Otter Tail in a research report on Friday, October 20th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Otter Tail has a consensus rating of “Hold” and an average price target of $44.67.

In related news, Director John D. Erickson sold 2,400 shares of Otter Tail stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $45.55, for a total transaction of $109,320.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Kevin G. Moug sold 1,500 shares of Otter Tail stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $46.50, for a total value of $69,750.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,900 shares of company stock worth $318,570. Company insiders own 1.40% of the company’s stock.

A number of institutional investors have recently made changes to their positions in OTTR. Old Mutual Global Investors UK Ltd. purchased a new position in Otter Tail during the second quarter worth approximately $107,000. Steward Partners Investment Advisory LLC purchased a new position in Otter Tail during the third quarter worth approximately $107,000. Ameritas Investment Partners Inc. lifted its position in Otter Tail by 9.8% during the second quarter. Ameritas Investment Partners Inc. now owns 3,453 shares of the utilities provider’s stock worth $137,000 after buying an additional 309 shares in the last quarter. C M Bidwell & Associates Ltd. purchased a new position in Otter Tail during the second quarter worth approximately $173,000. Finally, Amalgamated Bank purchased a new position in Otter Tail during the third quarter worth approximately $212,000. Hedge funds and other institutional investors own 41.10% of the company’s stock.

Otter Tail (NASDAQ OTTR) opened at $47.25 on Thursday. The stock has a market capitalization of $1,884.91, a P/E ratio of 26.47 and a beta of 0.82. 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 also recently announced a quarterly dividend, which will be paid on Saturday, December 9th. Stockholders of record on Wednesday, November 15th will be given a $0.32 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $1.28 annualized dividend and a dividend yield of 2.71%. Otter Tail’s dividend payout ratio (DPR) is presently 71.11%.

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Otter Tail Company Profile

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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Earnings History and Estimates for Otter Tail (NASDAQ:OTTR)

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