Otter Tail (NASDAQ:OTTR) Releases FY19 Earnings Guidance

Otter Tail (NASDAQ:OTTR) updated its FY19 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $2.10-$2.25 for the period, compared to the Thomson Reuters consensus estimate of $2.21.

Several brokerages have weighed in on OTTR. Zacks Investment Research downgraded shares of Otter Tail from a strong-buy rating to a hold rating in a research note on Tuesday, May 21st. Maxim Group restated a buy rating and issued a $60.00 target price on shares of Otter Tail in a research note on Tuesday, May 7th. Finally, BidaskClub upgraded shares of Otter Tail from a hold rating to a buy rating in a research note on Friday.

Shares of NASDAQ:OTTR traded down $1.75 on Monday, hitting $51.28. 94,800 shares of the company were exchanged, compared to its average volume of 79,722. Otter Tail has a 1-year low of $44.22 and a 1-year high of $54.51. The stock has a 50 day moving average price of $52.50. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.36 and a quick ratio of 0.83. The stock has a market cap of $2.11 billion, a price-to-earnings ratio of 24.89, a P/E/G ratio of 3.44 and a beta of 0.35.

Otter Tail (NASDAQ:OTTR) last posted its quarterly earnings data on Monday, August 5th. The utilities provider reported $0.39 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.09). Otter Tail had a return on equity of 11.34% and a net margin of 8.95%. The company had revenue of $229.20 million for the quarter, compared to analyst estimates of $229.20 million. During the same quarter in the previous year, the firm posted $0.47 earnings per share. The company’s quarterly revenue was up 1.3% on a year-over-year basis. On average, sell-side analysts forecast that Otter Tail will post 2.2 EPS for the current fiscal year.

Otter Tail Company Profile

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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