Otter Tail (NASDAQ:OTTR) Releases FY 2024 Earnings Guidance

Otter Tail (NASDAQ:OTTR) updated its FY 2024 earnings guidance on Monday. The company provided earnings per share guidance of 6.230-6.530 for the period, compared to the consensus earnings per share estimate of 5.300. The company issued revenue guidance of -.

Otter Tail Trading Up 0.7 %

NASDAQ:OTTR traded up $0.63 during mid-day trading on Wednesday, hitting $90.93. 86,522 shares of the stock traded hands, compared to its average volume of 245,937. The stock has a market capitalization of $3.79 billion, a price-to-earnings ratio of 12.90 and a beta of 0.56. Otter Tail has a 52 week low of $68.96 and a 52 week high of $99.49. The firm’s 50 day moving average is $84.79 and its two-hundred day moving average is $83.54. 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 (NASDAQ:OTTR) last posted its quarterly earnings data on Tuesday, February 13th. The utilities provider reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.03. The firm had revenue of $314.31 million during the quarter, compared to analysts’ expectations of $300.60 million. Otter Tail had a return on equity of 21.64% and a net margin of 21.81%. During the same quarter last year, the firm earned $1.00 EPS. On average, equities research analysts predict that Otter Tail will post 5.28 earnings per share for the current year.

Otter Tail Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be paid a dividend of $0.468 per share. This represents a $1.87 annualized dividend and a dividend yield of 2.06%. The ex-dividend date is Tuesday, May 14th. Otter Tail’s payout ratio is 26.71%.

About Otter Tail

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.