Otter Tail (NASDAQ:OTTR) Releases FY 2025 Earnings Guidance

Otter Tail (NASDAQ:OTTR) issued an update on its FY 2025 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of 6.320-6.620 for the period, compared to the consensus estimate of 6.480. The company issued revenue guidance of -.

Otter Tail Stock Performance

Shares of Otter Tail stock traded up $0.98 on Tuesday, reaching $78.94. 46,252 shares of the stock were exchanged, compared to its average volume of 223,372. Otter Tail has a 1-year low of $71.66 and a 1-year high of $88.36. The company has a current ratio of 3.31, a quick ratio of 2.57 and a debt-to-equity ratio of 0.59. The business has a fifty day moving average price of $80.75 and a two-hundred day moving average price of $79.38. The firm has a market capitalization of $3.31 billion, a PE ratio of 11.65 and a beta of 0.54.

Otter Tail (NASDAQ:OTTR) last issued its earnings results on Monday, November 3rd. The utilities provider reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.80 by $0.06. Otter Tail had a net margin of 21.82% and a return on equity of 16.85%. The company had revenue of $325.56 million for the quarter, compared to analyst estimates of $337.40 million. During the same period in the prior year, the business posted $2.03 earnings per share. The firm’s revenue for the quarter was down 3.7% compared to the same quarter last year. Otter Tail has set its FY 2025 guidance at 6.320-6.620 EPS. As a group, research analysts anticipate that Otter Tail will post 5.88 earnings per share for the current fiscal year.

Otter Tail Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th will be given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 2.7%. The ex-dividend date is Friday, November 14th. Otter Tail’s dividend payout ratio is presently 30.88%.

Analyst Ratings Changes

Several brokerages have weighed in on OTTR. Zacks Research upgraded shares of Otter Tail to a “hold” rating in a research report on Friday, October 17th. Weiss Ratings upgraded shares of Otter Tail from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Saturday, October 25th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $83.00.

Hedge Funds Weigh In On Otter Tail

Large investors have recently bought and sold shares of the stock. Royal Bank of Canada grew its holdings in Otter Tail by 2.5% during the 1st quarter. Royal Bank of Canada now owns 116,479 shares of the utilities provider’s stock worth $9,361,000 after acquiring an additional 2,807 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Otter Tail by 26.9% in the 1st quarter. AQR Capital Management LLC now owns 22,709 shares of the utilities provider’s stock worth $1,825,000 after buying an additional 4,815 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Otter Tail by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,611 shares of the utilities provider’s stock worth $1,978,000 after buying an additional 1,067 shares during the last quarter. United Services Automobile Association bought a new position in shares of Otter Tail in the 1st quarter worth about $223,000. Finally, Jane Street Group LLC lifted its position in shares of Otter Tail by 190.8% in the 1st quarter. Jane Street Group LLC now owns 54,112 shares of the utilities provider’s stock worth $4,349,000 after buying an additional 35,505 shares during the last quarter. Hedge funds and other institutional investors own 61.32% of the company’s stock.

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.