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Otter Tail Corp. (OTTR)
NASDAQ:OTTR
Earnings Data
Report Date
May 05, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.54Last Year’s EPS
1.77Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 17, 2025
|% Change Since: 5.02%
|Next Earnings Date:May 05, 2025
Earnings Call Sentiment|Positive
Otter Tail Corporation had a successful year with record earnings, increased long-term financial targets, and significant investments in solar and wind projects. However, challenges persist in the manufacturing segment due to market conditions and declining PVC pipe prices. Despite these challenges, the company's strong financial position and strategic growth initiatives position it well for future success.Company Guidance
During the fourth quarter 2024 earnings call, Otter Tail Corporation provided guidance on several key metrics. The company announced a record diluted earnings per share (EPS) of $7.17 for 2024 and increased its long-term EPS growth target from 5%-7% to 6%-8%. Otter Tail Power's five-year capital spending plan was updated to $1.4 billion, a 9% increase, with a projected rate-based compounded annual growth rate (CAGR) of 9%. Additionally, the company initiated its 2025 EPS guidance at $5.68 to $6.08, with an expected return on equity near 14%. The electric segment is projected to grow earnings by approximately 7%, while plastics segment earnings are anticipated to normalize to $45 million-$50 million by 2028. The updated five-year capital plan includes substantial investments in solar and transmission projects, with no equity issuance required for at least five years.Record Earnings for 2024
Otter Tail Corporation generated record earnings with diluted earnings per share of $7.17, marking a successful year for the company.
Increased Long-Term Financial Targets
The company updated its long-term earnings per share growth rate to 6% to 8%, an increase from the previous 5% to 7%.
Approval of North Dakota General Rate Case
Received approval for a net annual revenue requirement increase of $13.1 million, based on a return on equity of 10.1%.
Significant Solar and Wind Projects
Plans to add up to 345 megawatts of solar generation with an investment opportunity of $500 million; ongoing wind repowering project expected to lower customer bills.
Strong Liquidity and Dividend Increase
Total available liquidity was $606 million, and the company announced a 12% increase in its dividend for 2025, reflecting strong financial health.
Electric Segment Earnings Growth
Electric segment earnings grew nearly 8% year over year, driven by regulatory rate increases and higher sales volumes.
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OTTR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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OTTR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 04, 2024 | $77.56 | $80.54 | +3.84% |
| Aug 05, 2024 | $90.55 | $88.64 | -2.11% |
| May 06, 2024 | $88.61 | $88.26 | -0.39% |
| Feb 12, 2024 | $96.11 | $86.71 | -9.78% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Otter Tail Corp. (OTTR) report earnings?
Otter Tail Corp. (OTTR) is schdueled to report earning on May 05, 2025, TBA Not Confirmed.
What is Otter Tail Corp. (OTTR) earnings time?
Otter Tail Corp. (OTTR) earnings time is at May 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is OTTR EPS forecast?
OTTR EPS forecast for the fiscal quarter 2025 (Q1) is 1.54.
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