Otter Tail (OTTR) to Release Quarterly Earnings on Monday

Otter Tail (NASDAQ:OTTR) is scheduled to be issuing 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.Parties that are interested in registering for the company’s conference call can do so using this link.

Otter Tail (NASDAQ:OTTR) last issued its quarterly earnings data 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. The business had revenue of $314.31 million for the quarter, compared to the consensus estimate of $300.60 million. Otter Tail had a return on equity of 21.64% and a net margin of 21.81%. During the same period last year, the business earned $1.00 EPS.

Otter Tail Stock Performance

Shares of OTTR opened at $87.82 on Friday. The company’s fifty day moving average price is $84.67 and its 200 day moving average price is $83.14. Otter Tail has a one year low of $68.96 and a one year high of $99.49. The company has a market capitalization of $3.66 billion, a PE ratio of 12.55 and a beta of 0.56. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.84 and a quick ratio of 1.36.

Otter Tail Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Thursday, February 15th were issued a $0.468 dividend. 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 dividend on an annualized basis and a yield of 2.13%. Otter Tail’s dividend 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.