Otter Tail Corp (NASDAQ: OTTR) has reported E.P.S. of $1.78 for its first fiscal quarter (ending March 31) versus $1.50 for the same period a year ago — an increase of 19%. Relative to the consensus estimate of $1.20, this was a premium of $0.58. For the latest four quarters through March 31, E.P.S. were $7.35 compared to $6.60 a year ago — an increase of 11%.
Recent Price Action
Otter Tail Corp (NASDAQ: OTTR) stock closed at $90.66 on 5/6/24 after a large increase of 3.2%. Moreover, trading volume in this advance was above average at 120% of normal. The stock has risen 7.2% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, OTTR is expected to continue to be a Value Builder.
Otter Tail has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Otter Tail has a slightly negative Appreciation Score of 34 but a slightly positive Power Rating of 65, producing the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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