Otter Tail (NASDAQ:OTTR) Issues Quarterly Earnings Results

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Otter Tail (NASDAQ:OTTR) announced its earnings results on Sunday. The utilities provider reported $0.73 earnings per share (EPS) for the quarter, topping 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 company had revenue of $261.71 million for the quarter, compared to analysts’ expectations of $248.77 million. During the same quarter in the previous year, the company posted $0.60 EPS. The firm’s quarterly revenue was up 11.5% on a year-over-year basis.

NASDAQ OTTR traded up $0.43 during trading hours on Tuesday, reaching $48.32. The company had a trading volume of 5,372 shares, compared to its average volume of 119,271. The company has a current ratio of 0.92, a quick ratio of 0.64 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $2.01 billion, a P/E ratio of 19.95 and a beta of 0.33. The stock has a 50-day moving average of $46.52 and a 200 day moving average of $42.79. Otter Tail has a 1-year low of $35.36 and a 1-year high of $48.31.

Several equities research analysts have issued reports on OTTR shares. Zacks Investment Research cut shares of Otter Tail from a “buy” rating to a “hold” rating in a research note on Saturday. Williams Capital reissued a “buy” rating on shares of Otter Tail in a research report 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. Otter Tail presently has a consensus rating of “Buy” and an average target price 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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