Otter Tail (NASDAQ:OTTR) posted its earnings results on Sunday. The utilities provider reported $0.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.06, MarketWatch Earnings reports. Otter Tail had a net margin of 11.10% and a return on equity of 11.98%. The firm had revenue of $261.71 million during the quarter, compared to the consensus estimate of $248.77 million. During the same period last year, the firm posted $0.60 EPS. The firm’s revenue for the quarter was up 11.5% on a year-over-year basis.
Shares of NASDAQ OTTR traded up $0.25 during midday trading on Tuesday, reaching $48.14. 92,031 shares of the stock were exchanged, compared to its average volume of 118,987. The stock has a 50 day moving average price of $46.52 and a 200-day moving average price of $42.79. The company has a current ratio of 0.92, a quick ratio of 0.64 and a debt-to-equity ratio of 0.90. Otter Tail has a 52-week low of $35.36 and a 52-week high of $48.67. The company has a market capitalization of $2.00 billion, a P/E ratio of 20.06 and a beta of 0.33.
A number of equities research analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Otter Tail from a “buy” rating to a “hold” rating in a report on Saturday. Williams Capital reiterated a “buy” rating on shares of Otter Tail in a report on Friday, April 23rd. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. Otter Tail presently has a consensus rating of “Buy” and an average 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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