Otter Tail (OTTR) to Release Earnings on Monday

Otter Tail (NASDAQ:OTTR) will announce its earnings results after the market closes on Monday, May 6th. Otter Tail has set its FY24 guidance at $5.13-5.43 EPS and its FY 2024 guidance at 5.130-5.430 EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.

Otter Tail (NASDAQ:OTTR) last issued its quarterly earnings data on Tuesday, February 13th. The utilities provider reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.03. Otter Tail had a return on equity of 21.64% and a net margin of 21.81%. The business had revenue of $314.31 million for the quarter, compared to the consensus estimate of $300.60 million. During the same period in the prior year, the business posted $1.00 earnings per share.

Otter Tail Trading Up 0.9 %

OTTR stock opened at $87.82 on Friday. The stock has a market capitalization of $3.66 billion, a price-to-earnings ratio of 12.55 and a beta of 0.56. Otter Tail has a twelve month low of $68.96 and a twelve month high of $99.49. The firm’s fifty day simple moving average is $84.67 and its two-hundred day simple moving average is $83.14. The company has a quick ratio of 1.36, a current ratio of 1.84 and a debt-to-equity ratio of 0.57.

Otter Tail Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Thursday, February 15th were paid a dividend of $0.468 per share. This is a boost from Otter Tail’s previous quarterly dividend of $0.44. The ex-dividend date was Wednesday, February 14th. This represents a $1.87 dividend on an annualized basis and a dividend yield of 2.13%. Otter Tail’s dividend payout ratio is currently 26.71%.

Otter Tail Company Profile

Otter Tail Corporation, together with its subsidiaries, engages in electric utility, manufacturing, and plastic pipe businesses in the United States. It operates through three segments: Electric, Manufacturing, and Plastics. The 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 markets.