Otter Tail (NASDAQ:OTTR) announced its quarterly earnings data on Monday. The utilities provider reported $0.39 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.09), Bloomberg Earnings reports. Otter Tail had a net margin of 8.95% and a return on equity of 11.34%. The business had revenue of $229.20 million during the quarter, compared to analysts’ expectations of $229.20 million. During the same period last year, the company posted $0.47 EPS. Otter Tail’s revenue for the quarter was up 1.3% on a year-over-year basis. Otter Tail updated its FY19 guidance to $2.10-$2.25 EPS.
Shares of Otter Tail stock traded down $1.75 during trading on Monday, reaching $51.28. The company’s stock had a trading volume of 94,800 shares, compared to its average volume of 79,722. Otter Tail has a 52-week low of $44.22 and a 52-week high of $54.51. The company has a market cap of $2.11 billion, a P/E ratio of 24.89, a price-to-earnings-growth ratio of 3.44 and a beta of 0.35. The firm has a 50-day simple moving average of $52.50. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.82.
A number of equities research analysts have recently issued reports on OTTR shares. Maxim Group reaffirmed a “buy” rating and issued a $60.00 price objective on shares of Otter Tail in a research note on Tuesday, May 7th. Zacks Investment Research cut shares of Otter Tail from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 21st. Finally, BidaskClub raised shares of Otter Tail from a “hold” rating to a “buy” rating in a research note on Friday.
Otter Tail Corporation, together with its subsidiaries, engages in electric, manufacturing, and plastics 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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