Otter Tail (NASDAQ:OTTR) Releases Earnings Results, Beats Estimates By $0.06 EPS

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Otter Tail (NASDAQ:OTTR) posted its earnings results on Sunday. The utilities provider reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.06, MarketWatch Earnings reports. Otter Tail had a return on equity of 11.98% and a net margin of 11.10%. The company had revenue of $261.71 million for the quarter, compared to the consensus estimate of $248.77 million. During the same quarter in the prior year, the company earned $0.60 earnings per share. Otter Tail’s revenue was up 11.5% on a year-over-year basis.

NASDAQ OTTR traded up $0.25 during trading on Tuesday, hitting $48.14. 92,031 shares of the stock traded hands, compared to its average volume of 118,987. The company has a market capitalization of $2.00 billion, a P/E ratio of 20.06 and a beta of 0.33. The firm has a 50-day simple moving average of $46.52 and a 200-day simple moving average of $42.79. The company has a quick ratio of 0.64, a current ratio of 0.92 and a debt-to-equity ratio of 0.90. Otter Tail has a 12-month low of $35.36 and a 12-month high of $48.67.

OTTR has been the topic of a number of recent research reports. Zacks Investment Research downgraded Otter Tail from a “buy” rating to a “hold” rating in a report on Saturday. Williams Capital reaffirmed a “buy” rating on shares of Otter Tail in a research note on Friday, April 23rd. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. Otter Tail currently has a consensus rating of “Buy” and a consensus price target of $49.33.

Otter Tail Company Profile

Otter Tail Corporation, together with its subsidiaries, engages in electric utility, manufacturing, and plastic pipe businesses in the United States. The company's 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, Inc markets.

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Earnings History for Otter Tail (NASDAQ:OTTR)

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