Brokerages expect Otter Tail Corporation (NASDAQ:OTTR) to announce $0.39 earnings per share for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for Otter Tail Corporation’s earnings, with the highest EPS estimate coming in at $0.39 and the lowest estimate coming in at $0.38. Otter Tail Corporation posted earnings of $0.37 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 5.4%. The business is scheduled to issue its next earnings results after the market closes on Wednesday, November 1st.

According to Zacks, analysts expect that Otter Tail Corporation will report full-year earnings of $1.73 per share for the current fiscal year, with EPS estimates ranging from $1.70 to $1.76. For the next fiscal year, analysts forecast that the company will report earnings of $1.82 per share, with EPS estimates ranging from $1.80 to $1.83. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow Otter Tail Corporation.

Otter Tail Corporation (NASDAQ:OTTR) last posted its quarterly earnings results on Monday, August 7th. The utilities provider reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.01. Otter Tail Corporation had a net margin of 8.35% and a return on equity of 10.14%. The business had revenue of $212.10 million during the quarter, compared to analyst estimates of $211.30 million. During the same period in the prior year, the business posted $0.41 earnings per share. The company’s revenue was up 4.2% on a year-over-year basis.

OTTR has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Otter Tail Corporation from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a report on Friday, September 15th. BidaskClub downgraded shares of Otter Tail Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Finally, KeyCorp reiterated a “hold” rating on shares of Otter Tail Corporation in a report on Friday, October 20th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Otter Tail Corporation presently has an average rating of “Hold” and a consensus price target of $43.33.

In other news, CFO Kevin G. Moug sold 1,500 shares of the business’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $41.75, for a total value of $62,625.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.40% of the company’s stock.

Several institutional investors have recently bought and sold shares of OTTR. BlackRock Inc. increased its holdings in shares of Otter Tail Corporation by 20,638.1% in the 1st quarter. BlackRock Inc. now owns 2,477,375 shares of the utilities provider’s stock worth $93,893,000 after buying an additional 2,465,429 shares during the last quarter. Stifel Financial Corp bought a new stake in shares of Otter Tail Corporation in the 2nd quarter worth about $8,762,000. Vanguard Group Inc. increased its holdings in shares of Otter Tail Corporation by 4.6% in the 1st quarter. Vanguard Group Inc. now owns 3,433,149 shares of the utilities provider’s stock worth $130,116,000 after buying an additional 151,826 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Otter Tail Corporation by 29.7% in the 2nd quarter. Renaissance Technologies LLC now owns 555,510 shares of the utilities provider’s stock worth $21,998,000 after buying an additional 127,110 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Otter Tail Corporation by 8.3% in the 2nd quarter. Northern Trust Corp now owns 956,660 shares of the utilities provider’s stock worth $37,885,000 after buying an additional 72,974 shares during the last quarter. Hedge funds and other institutional investors own 40.48% of the company’s stock.

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About Otter Tail Corporation

Otter Tail Corporation is a holding company. The Company operates through three segments: Electric, Manufacturing and Plastics. The Electric segment includes the production, transmission, distribution and sale of electric energy in Minnesota, North Dakota and South Dakota by Otter Tail Power Company (OTP).

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Earnings History and Estimates for Otter Tail Corporation (NASDAQ:OTTR)

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