Otter Tail Corp (NASDAQ: OTTR) has reported earnings for its third fiscal quarter (ending September 30) of $2.04 versus $2.21 for the same period a year ago — a decline of -8%. For the latest four quarters through September 30, E.P.S. were $7.30 versus $6.68 for the same period a year ago — an increase of 9%.
Recent Price Action
Otter Tail Corp (NASDAQ: OTTR) stock closed at $78.53 on 11/4/24 after a modest gain of 0.6%. However, below average trading volume at 80% of normal accompanied the advance. The stock has been weak relative to the market over the last nine months and is unchanged 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 D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Otter Tail has a neutral Appreciation Score of 45 and a slightly negative Power Rating of 36, producing the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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