Otter Tail Corporation (OTTR)
Otter Tail (OTTR) Q3 Earnings Top Estimates
Otter Tail (OTTR) came out with quarterly earnings of $2.03 per share, beating the Zacks Consensus Estimate of $1.97 per share. This compares to earnings of $2.19 per share a year ago.
Earnings Preview: Otter Tail (OTTR) Q3 Earnings Expected to Decline
Otter Tail (OTTR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Otter Tail Corporation (OTTR) Q2 2024 Earnings Call Transcript
Otter Tail Corporation (NASDAQ:OTTR ) Q2 2024 Earnings Conference Call August 6, 2024 11:00 AM ET Company Participants Beth Eiken – Manager-Investor Relations Chuck MacFarlane – President and Chief Executive Officer Todd Wahlund – Vice President and Chief Financial Officer Conference Call Participants Operator Good morning, and welcome to the Otter Tail Corporation's Second Quarter 2024 Earnings Conference Call. Today's call is being recorded.
Otter Tail Corporation: Currently Benefiting From Unsustainable Trends
Otter Tail Corporation is a unique electric utility operating in rural areas of Minnesota, North Dakota, and South Dakota. The company's non-utility manufacturing operations are currently providing it with abnormally high profitability. This will probably fall off at some point. Otter Tail Corporation's financials show a strong balance sheet with low debt, reasonable valuation, and stable interest expenses compared to peers.
Charles Schwab Investment Management Inc. Sells 10,160 Shares of Otter Tail Co. (NASDAQ:OTTR)
Charles Schwab Investment Management Inc. decreased its holdings in Otter Tail Co. (NASDAQ:OTTR – Free Report) by 2.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 498,689 shares of the utilities provider’s stock after selling 10,160 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.20% of Otter Tail worth $42,374,000 at the end of the most recent quarter. A number of other hedge funds have also added to or reduced their stakes in the stock. Quantbot Technologies LP bought a new position in shares of Otter Tail in the third quarter valued at approximately $58,000. GAMMA Investing LLC bought a new stake in shares of Otter Tail in the 4th quarter worth $62,000. Blue Trust Inc. grew its stake in shares of Otter Tail by 53.9% in the 4th quarter. Blue Trust Inc. now owns 1,034 shares of the utilities provider’s stock worth $88,000 after acquiring an additional 362 shares in the last quarter. Financial Perspectives Inc bought a new position in shares of Otter Tail during the fourth quarter valued at about $88,000. Finally, DekaBank Deutsche Girozentrale purchased a new position in Otter Tail during the fourth quarter worth about $130,000. Institutional investors and hedge funds own 61.32% of the company’s stock. Otter Tail Trading Down 0.1 % Shares of OTTR stock opened at $92.16 on Monday. Otter Tail Co. has a 52-week low of $68.96 and a 52-week high of $99.49. The company has a 50-day simple moving average of $85.53 and a two-hundred day simple moving average of $84.62. The company has a market capitalization of $3.85 billion, a price-to-earnings ratio of 12.66 and a beta of 0.56. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.21 and a current ratio of 2.92. Otter Tail Dividend Announcement The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be given a dividend of $0.468 per share. This represents a $1.87 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date is Tuesday, May 14th. Otter Tail’s payout ratio is 25.69%. Otter Tail Company Profile (Free Report) 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. See Also Five stocks we like better than Otter Tail Insider Trades May Not Tell You What You Think MarketBeat Week in Review – 5/13 – 5/17 Investing in large cap stocks: Diving into big caps Take-Two Interactive Software Offers 2nd Chance for Investors High Flyers: 3 Natural Gas Stocks for March 2022 Deere & Company’s Q2 Report: Strong Revenue, Cautious Outlook Want to see what other hedge funds are holding OTTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Otter Tail Co. (NASDAQ:OTTR – Free Report).
