Wall Street analysts expect Otter Tail Co. (NASDAQ:OTTR) to post $0.44 earnings per share for the current quarter, according to Zacks. Zero analysts have made estimates for Otter Tail’s earnings. Otter Tail also posted earnings of $0.44 per share during the same quarter last year. The firm is scheduled to issue its next earnings report on Monday, February 12th.
According to Zacks, analysts expect that Otter Tail will report full year earnings of $1.80 per share for the current fiscal year. For the next financial year, analysts expect that the firm will post earnings of $1.90 per share. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that cover Otter Tail.
Otter Tail (NASDAQ:OTTR) last issued its quarterly earnings data on Monday, February 12th. The utilities provider reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.17). Otter Tail had a net margin of 8.53% and a return on equity of 10.47%. The company had revenue of $206.70 million for the quarter, compared to analysts’ expectations of $207.30 million. During the same quarter last year, the company earned $0.44 earnings per share. The company’s revenue for the quarter was up 5.1% on a year-over-year basis.
Shares of Otter Tail (NASDAQ:OTTR) opened at $40.95 on Tuesday. Otter Tail has a 52-week low of $35.65 and a 52-week high of $48.65. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.61 and a current ratio of 0.93. The stock has a market capitalization of $1,633.72, a P/E ratio of 22.75 and a beta of 0.71.
The company also recently announced a quarterly dividend, which will be paid on Saturday, March 10th. Investors of record on Thursday, February 15th will be paid a $0.335 dividend. This is a positive change from Otter Tail’s previous quarterly dividend of $0.32. The ex-dividend date is Wednesday, February 14th. This represents a $1.34 dividend on an annualized basis and a yield of 3.27%. Otter Tail’s dividend payout ratio (DPR) is 71.11%.
In related news, Director John D. Erickson sold 2,400 shares of the firm’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $45.55, for a total value of $109,320.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kevin G. Moug sold 1,500 shares of the firm’s stock in a transaction 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. Insiders sold a total of 6,900 shares of company stock valued at $318,570 in the last 90 days. 1.40% of the stock is currently owned by company insiders.
A number of hedge funds have recently modified their holdings of the stock. NorthRock Partners LLC purchased a new position in Otter Tail in the 4th quarter worth $425,000. UBS Asset Management Americas Inc. raised its stake in Otter Tail by 31.2% in the 4th quarter. UBS Asset Management Americas Inc. now owns 19,253 shares of the utilities provider’s stock worth $856,000 after acquiring an additional 4,580 shares during the last quarter. BlackRock Inc. raised its stake in Otter Tail by 1.8% in the 4th quarter. BlackRock Inc. now owns 2,568,331 shares of the utilities provider’s stock worth $114,162,000 after acquiring an additional 45,588 shares during the last quarter. Wells Fargo & Company MN raised its stake in Otter Tail by 26.2% in the 4th quarter. Wells Fargo & Company MN now owns 92,967 shares of the utilities provider’s stock worth $4,133,000 after acquiring an additional 19,281 shares during the last quarter. Finally, First Trust Advisors LP raised its stake in Otter Tail by 6.8% in the 4th quarter. First Trust Advisors LP now owns 538,954 shares of the utilities provider’s stock worth $23,957,000 after acquiring an additional 34,238 shares during the last quarter. Institutional investors own 41.13% of the company’s stock.
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About Otter Tail
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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