What is KeyCorp’s Estimate for Otter Tail FY2025 Earnings?

Otter Tail Co. (NASDAQ:OTTR) – Research analysts at KeyCorp cut their FY2025 earnings estimates for Otter Tail in a note issued to investors on Tuesday, December 3rd. KeyCorp analyst S. Karp now forecasts that the utilities provider will post earnings of $4.31 per share for the year, down from their prior estimate of $4.33. The consensus estimate for Otter Tail’s current full-year earnings is $7.13 per share.

OTTR has been the topic of several other research reports. StockNews.com raised shares of Otter Tail from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. Siebert Williams Shank upgraded shares of Otter Tail from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 6th.

Otter Tail Price Performance

Otter Tail stock opened at $77.68 on Friday. The business’s 50-day simple moving average is $79.16 and its 200 day simple moving average is $84.33. The company has a quick ratio of 1.66, a current ratio of 2.17 and a debt-to-equity ratio of 0.58. The stock has a market cap of $3.25 billion, a price-to-earnings ratio of 10.73 and a beta of 0.54. Otter Tail has a 12-month low of $73.43 and a 12-month high of $100.84.

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 analysts’ consensus estimates of $1.97 by $0.06. The firm had revenue of $338.03 million for the quarter, compared to analyst estimates of $362.20 million. Otter Tail had a return on equity of 19.84% and a net margin of 22.70%. During the same period last year, the company earned $2.19 EPS.

Hedge Funds Weigh In On Otter Tail

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP raised its position in shares of Otter Tail by 285.1% in the 3rd quarter. GSA Capital Partners LLP now owns 19,030 shares of the utilities provider’s stock valued at $1,487,000 after acquiring an additional 14,089 shares during the period. Intech Investment Management LLC bought a new position in shares of Otter Tail during the third quarter worth $683,000. Quest Partners LLC grew its holdings in shares of Otter Tail by 178,816.7% in the 2nd quarter. Quest Partners LLC now owns 10,735 shares of the utilities provider’s stock valued at $940,000 after buying an additional 10,729 shares during the period. Whittier Trust Co. increased its position in shares of Otter Tail by 5.2% in the 2nd quarter. Whittier Trust Co. now owns 78,140 shares of the utilities provider’s stock valued at $6,844,000 after buying an additional 3,841 shares in the last quarter. Finally, Savant Capital LLC acquired a new stake in Otter Tail during the 2nd quarter worth $627,000. Institutional investors own 61.32% of the company’s stock.

Otter Tail Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be paid a $0.468 dividend. This represents a $1.87 annualized dividend and a yield of 2.41%. The ex-dividend date of this dividend is Friday, November 15th. Otter Tail’s payout ratio is 25.83%.

Otter Tail Company Profile

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.