Otter Tail Corp (NASDAQ: OTTR) has reported earnings for its second fiscal quarter (ending June 30) of $2.08 versus $1.97 for the same period a year ago — an increase of 6%. This performance was $0.38 better than the consensus estimate of $1.70. For the latest four quarters through June 30, E.P.S. were $7.46 compared to $6.50 a year ago — an increase of 15%.
Recent Price Action
On 8/5/24, Otter Tail Corp (NASDAQ: OTTR) stock declined modestly by -1.8%, closing at $92.17. Moreover, this decline was accompanied by unusually high trading volume at 150% of normal. Relative to the market the stock has been strong over the last nine months but has declined -8.3% during the last week.
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). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Otter Tail has a slightly negative Appreciation Score of 33 but a slightly positive Power Rating of 68, leading to 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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