Otter Tail (OTTR) to Release Quarterly Earnings on Monday

Otter Tail (NASDAQ:OTTR) is set to issue its quarterly earnings data 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 that wish to listen to the company’s earnings conference call can do so using this link.

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, topping 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 during the quarter, compared to analysts’ expectations of $300.60 million. During the same quarter in the prior year, the business earned $1.00 EPS.

Otter Tail Stock Up 0.9 %

Otter Tail stock opened at $87.82 on Friday. The stock has a 50 day moving average of $84.67 and a two-hundred day moving average of $83.20. Otter Tail has a twelve month low of $68.96 and a twelve month high of $99.49. The stock has a market capitalization of $3.66 billion, a price-to-earnings ratio of 12.55 and a beta of 0.56. The company has a current ratio of 1.84, a quick ratio of 1.36 and a debt-to-equity ratio of 0.57.

Otter Tail Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Thursday, February 15th were issued a dividend of $0.468 per share. The ex-dividend date of this dividend was Wednesday, February 14th. This is an increase from Otter Tail’s previous quarterly dividend of $0.44. This represents a $1.87 annualized dividend and a dividend yield of 2.13%. Otter Tail’s dividend payout ratio (DPR) 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.