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

Otter Tail (NASDAQ:OTTR) issued an update on its FY 2024 earnings guidance on Monday morning. 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 Stock Performance

NASDAQ:OTTR opened at $92.73 on Thursday. The company has a fifty day moving average of $84.86 and a two-hundred day moving average of $83.60. Otter Tail has a fifty-two week low of $68.96 and a fifty-two week high of $99.49. The stock has a market capitalization of $3.87 billion, a PE ratio of 13.25 and a beta of 0.56. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.36 and a current ratio of 1.84.

Otter Tail (NASDAQ:OTTR) last issued its quarterly earnings results on Tuesday, February 13th. The utilities provider reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.03. Otter Tail had a net margin of 21.81% and a return on equity of 21.64%. The firm had revenue of $314.31 million for the quarter, compared to analyst estimates of $300.60 million. During the same period last year, the company posted $1.00 EPS. As a group, research analysts forecast that Otter Tail will post 5.28 earnings per share for the current fiscal year.

Otter Tail Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be given a $0.468 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $1.87 annualized dividend and a yield of 2.02%. Otter Tail’s payout ratio is 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.