Otter Tail (OTTR) Set to Announce Earnings on Monday

Otter Tail (NASDAQ:OTTR) is scheduled to be announcing its earnings results 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.Investors interested in listening to the company’s conference call can do so using this link.

Otter Tail (NASDAQ:OTTR) last announced its quarterly earnings data on Tuesday, February 13th. The utilities provider reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.03. Otter Tail had a return on equity of 21.64% and a net margin of 21.81%. The firm had revenue of $314.31 million during the quarter, compared to analysts’ expectations of $300.60 million. During the same period last year, the business posted $1.00 earnings per share.

Otter Tail Trading Down 1.2 %

Shares of NASDAQ:OTTR opened at $84.58 on Monday. Otter Tail has a 52-week low of $68.96 and a 52-week high of $99.49. The stock has a market cap of $3.53 billion, a price-to-earnings ratio of 12.08 and a beta of 0.56. The company has a quick ratio of 1.36, a current ratio of 1.84 and a debt-to-equity ratio of 0.57. The business has a 50-day moving average price of $84.81 and a 200-day moving average price of $82.85.

Otter Tail Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Thursday, February 15th were paid a $0.468 dividend. This represents a $1.87 annualized dividend and a dividend yield of 2.21%. This is a boost from Otter Tail’s previous quarterly dividend of $0.44. The ex-dividend date was Wednesday, February 14th. Otter Tail’s dividend payout ratio (DPR) is presently 26.71%.

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.