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

Otter Tail (NASDAQ:OTTR) issued an update on its FY 2024 earnings guidance on Monday morning. The company provided earnings per share guidance of 6.970-7.170 for the period, compared to the consensus earnings per share estimate of 7.100. The company issued revenue guidance of -.

Otter Tail Price Performance

Shares of OTTR traded up $2.84 during mid-day trading on Tuesday, hitting $81.37. 244,317 shares of the stock were exchanged, compared to its average volume of 229,511. The company has a market cap of $3.40 billion, a PE ratio of 10.61 and a beta of 0.52. Otter Tail has a 52-week low of $73.43 and a 52-week high of $100.84. The firm has a 50-day moving average of $78.84 and a two-hundred day moving average of $85.71. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.67 and a current ratio of 2.27.

Otter Tail (NASDAQ:OTTR) last announced its quarterly earnings data on Monday, November 4th. The utilities provider reported $2.03 EPS for the quarter, beating the consensus estimate of $1.97 by $0.06. Otter Tail had a return on equity of 21.06% and a net margin of 22.84%. The company had revenue of $338.03 million for the quarter, compared to the consensus estimate of $362.20 million. During the same quarter in the prior year, the company posted $2.19 EPS. On average, equities analysts predict that Otter Tail will post 7.01 earnings per share for the current year.

Insider Buying and Selling

In other Otter Tail news, VP Jennifer O. Smestad sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $88.74, for a total value of $354,960.00. Following the sale, the vice president now directly owns 12,300 shares of the company’s stock, valued at approximately $1,091,502. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.30% of the stock is owned by corporate insiders.

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.