Otter Tail (NASDAQ:OTTR) Releases FY 2024 Earnings Guidance

Otter Tail (NASDAQ:OTTR) updated its FY 2024 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of 6.230-6.530 for the period, compared to the consensus estimate of 5.300. The company issued revenue guidance of -.

Otter Tail Stock Up 2.7 %

OTTR stock opened at $92.73 on Thursday. Otter Tail has a twelve month low of $68.96 and a twelve month high of $99.49. The company has a market cap of $3.87 billion, a price-to-earnings ratio of 13.25 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 $84.86 and a two-hundred day moving average price of $83.60.

Otter Tail (NASDAQ:OTTR) last issued its 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 business had revenue of $314.31 million for the quarter, compared to the consensus estimate of $300.60 million. During the same period in the previous year, the company earned $1.00 earnings per share. Analysts anticipate that Otter Tail will post 5.28 EPS for the current fiscal year.

Otter Tail Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be given a dividend of $0.468 per share. The ex-dividend date is Tuesday, May 14th. This represents a $1.87 dividend on an annualized basis and a yield of 2.02%. Otter Tail’s dividend payout ratio (DPR) is 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.