공시 • 23h
Otter Tail Corporation Subsidiaries Agree to Settle End-User Class Claims in Pvc Pipe Antitrust Litigation Otter Tail Corporation and two subsidiaries were named as defendants in putative federal class action lawsuits alleging violations of the antitrust laws, along with more than twenty other PVC pipe manufacturers. The actions were later consolidated as In re: PVC Pipe Antitrust Litigation (Case No. 1:24-cv-07639) in the United States District Court for the Northern District of Illinois. The claims are directed at numerous participants across the industry, including more than two dozen other manufacturers of PVC pipe and conduit, and are premised on alleged coordinated conduct within the industry. The Court has allowed three putative classes: a Direct Purchaser Class, a Non-Converter Seller Purchaser Class, and an End-User Class, and together with the Direct Purchaser Class and the Non-Converter Seller Purchaser Class, the Putative Classes. On June 17, 2026, Otter Tail Corporation entered into a settlement agreement with the End-User Class individually and on behalf of the putative End-User Class members. Subject to the satisfaction of certain conditions, including preliminary and final approval by the Court, Northern Pipe Products, Inc. and Vinyltech Corporation have agreed to pay an aggregate of $30 million into a settlement fund to resolve all claims asserted, or that could have been asserted, by the End-User Class against Otter Tail Corporation relating to the alleged conduct at issue in the PVC Pipe Antitrust Litigation. If the Settlement Agreement is preliminarily approved by the Court, the settlement payment will be made on or about 21 days thereafter. The settlement amount is inclusive of the recovery amounts for class members, any attorneys' fees awarded to counsel for the End-User Class, and the costs of administering the settlement. The End-User Class has agreed to file a motion seeking preliminary approval of the Settlement Agreement as soon as practicable. The execution of the Settlement Agreement does not constitute an admission by Otter Tail Corporation of any wrongdoing, fault, or liability, and Otter Tail Corporation does not admit any wrongdoing, fault, or liability. Otter Tail Corporation determined that resolving the End-User Class claims now is in its best interests. Although Otter Tail Corporation was prepared to continue defending its position, the Settlement Agreement meaningfully reduces the uncertainty, distraction, and significant costs and exposure associated with protracted and complex class action antitrust litigation and further enables Otter Tail Corporation to maintain its focus on executing its business strategy. Otter Tail Corporation anticipates utilizing available cash to fund the settlement payment. The settlement is not expected to have a material adverse effect on Otter Tail Corporation's financial position or liquidity. The ultimate outcome of the PVC Pipe Antitrust Litigation remains uncertain, with no guarantee that the current or a revised Settlement Agreement will receive Court approval. If the settlement is not finalized, Otter Tail Corporation intends to continue defending itself in the pending class action and maintains that it has strong factual and legal defenses. Buy Or Sell Opportunity • Jun 08
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 1.8% to US$87.91. The fair value is estimated to be US$72.46, however this is not to be taken as a sell recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 3.5% per annum. Earnings are forecast to decline by 4.8% per annum over the same time period. Buy Or Sell Opportunity • May 22
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 2.8% to US$87.35. The fair value is estimated to be US$72.28, however this is not to be taken as a sell recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 3.5% per annum. Earnings are forecast to decline by 5.2% per annum over the same time period. 속보 • May 16
Otter Tail Power Unveils 15-Year Plan With Solar Wind Battery and Natural Gas Additions Otter Tail Power filed its 2026 Integrated Resource Plan with the Minnesota Public Utilities Commission, outlining how it aims to meet customer electricity needs through 2041.
The plan includes a 50-megawatt natural gas plant targeted for 2031 or 2032 and two 50-megawatt wind facilities scheduled for 2035 and 2040.
Near-term projects feature the 50-megawatt Solway Solar and 295-megawatt Abercrombie Solar farms, a 75-megawatt battery storage system, and a plan to stop regular service from Minnesota’s share of the Coyote coal plant by 2030 while keeping it available for emergencies.
This long-dated resource plan points to a gradual shift in Otter Tail’s generation mix toward solar, wind and battery storage, while still retaining natural gas and emergency coal capacity for reliability.
Investors may want to watch how regulators respond to the filing and how future capital spending on these projects affects Otter Tail’s earnings profile and required financing. Declared Dividend • May 07
First quarter dividend of US$0.58 announced Shareholders will receive a dividend of US$0.58. Ex-date: 15th May 2026 Payment date: 10th June 2026 Dividend yield will be 2.5%, which is lower than the industry average of 3.6%. Sustainability & Growth Dividend is covered by earnings (32% earnings payout ratio) but not covered by cash flows (dividend approximately 54x free cash flows). The dividend has increased by an average of 6.5% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 15% over the next 3 years. However, it would need to fall by 64% to increase the payout ratio to a potentially unsustainable range. New Risk • May 06
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 42% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 7.6% per year for the foreseeable future. Minor Risks High level of debt (42% net debt to equity). Dividend is not well covered by cash flows (dividend per share is over 54x cash flows per share). Price Target Changed • May 06
Price target increased by 7.3% to US$88.00 Up from US$82.00, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of US$88.89. Stock is up 16% over the past year. The company is forecast to post earnings per share of US$5.71 for next year compared to US$6.59 last year. Buy Or Sell Opportunity • Mar 31
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 8.6% to US$87.77. The fair value is estimated to be US$71.62, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.0% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 3.7% per annum. Earnings are forecast to decline by 6.3% per annum over the same time period. 공시 • Feb 19
Otter Tail Corporation, Annual General Meeting, Apr 13, 2026 Otter Tail Corporation, Annual General Meeting, Apr 13, 2026. Reported Earnings • Feb 17
Full year 2025 earnings: Revenues and EPS in line with analyst expectations Full year 2025 results: EPS: US$6.59 (down from US$7.22 in FY 2024). Revenue: US$1.30b (down 2.0% from FY 2024). Net income: US$275.9m (down 8.5% from FY 2024). Profit margin: 21% (down from 23% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Electric Utilities industry in the US. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 8% per year, which means it is tracking significantly ahead of earnings growth. 공시 • Feb 17
Otter Tail Corporation Provides Earnings Guidance for the Full Year 2026 Otter Tail Corporation provided earnings guidance for the full year 2026. The company Initiated 2026 diluted earnings per share guidance range of $5.22 to $5.62. Recent Insider Transactions Derivative • Feb 10
President exercised options and sold US$376k worth of stock On the 6th of February, Charles MacFarlane exercised options to acquire 4k shares at no cost and sold these for an average price of US$87.83 per share. This trade did not impact their existing holding. For the year to December 2019, Charles' total compensation was 13% salary and 87% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2025, Charles has owned 299.93k shares directly. Company insiders have collectively sold US$570k more than they bought, via options and on-market transactions in the last 12 months. Upcoming Dividend • Feb 06
Upcoming dividend of US$0.58 per share Eligible shareholders must have bought the stock before 13 February 2026. Payment date: 10 March 2026. Payout ratio is a comfortable 31% and the cash payout ratio is 91%. Trailing yield: 2.6%. Lower than top quartile of American dividend payers (4.1%). In line with average of industry peers (2.8%). 공시 • Jan 28
Otter Tail Corporation to Report Fiscal Year 2025 Results on Feb 16, 2026 Otter Tail Corporation announced that they will report fiscal year 2025 results After-Market on Feb 16, 2026 Declared Dividend • Jan 13
Third quarter dividend of US$0.58 announced Shareholders will receive a dividend of US$0.58. Ex-date: 13th February 2026 Payment date: 10th March 2026 Dividend yield will be 2.5%, which is lower than the industry average of 3.6%. Sustainability & Growth Dividend is covered by earnings (31% earnings payout ratio) but not adequately covered by cash flows (91% cash payout ratio). The dividend has increased by an average of 6.5% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 29% over the next 3 years. However, it would need to fall by 66% to increase the payout ratio to a potentially unsustainable range. 공시 • Jan 08
Otter Tail Corporation Increases Quarterly Dividend by 10%, First Quarter Dividend Is Payable on March 10, 2026 Otter Tail Corporation announced that its Board of Directors increased the company’s quarterly common stock dividend to $0.5775 per share. The increase brings the annual indicated dividend rate to $2.31 per share, a $0.21, or 10%, increase over the 2025 rate. 2026 will mark the 88th consecutive year dividends will be paid on common stock. The first quarter dividend is payable on March 10, 2026 to shareholders of record on February 13, 2026. 공시 • Dec 19
Otter Tail Corporation Announces Board Changes Otter Tail Corporation has appointed Mr. Chris Clark of Minnetonka, Minnesota, and Mr. Steve Rasche of St. Louis, Missouri, to the company’s Board of Directors, effective January 1, 2026. Outgoing Board Member Steve Fritze, who has served as an independent Board member since 2013, will serve his last day at the Company’s upcoming Annual Meeting of Shareholders in April 2026. Mr. Chris Clark: Mr. Clark retired as President of Xcel Energy - Minnesota, North Dakota, and South Dakota in 2023. ‘Chris offers extensive knowledge and proven leadership in the regulated energy industry,’ said Partain. ‘His strategic foresight, regulatory insights and collaborative approach will be instrumental as we execute our corporate strategy.’ Clark earned his Juris Doctor from Drake University Law School and has a bachelor’s degree from the University of Iowa. He has served as a member of the Board of Directors for the University of Minnesota Center for Transportation Studies and the Saint Paul Downtown Alliance. Mr. Steve Rasche: Mr. Rasche retired as Chief Financial Officer for Spire Inc. earlier this year. ‘Steve brings extensive expertise in utility finance and risk management,’ said Partain. ‘His vast leadership experience and pragmatic decision making will play a key role in driving strategic objectives.’ Rasche graduated with his masters in business administration from Northwestern University and has a bachelor’s degree in Accountancy from the University of Missouri. He is a member of the Board of Directors for the St. Louis Equity Fund Inc.; the Energy Capital Ventures Advisory Board; Greater St. Louis Scouting; Greater St. Louis YMCA and the University of Missouri, Trulaske College of Business. Declared Dividend • Nov 06
Third quarter dividend of US$0.53 announced Shareholders will receive a dividend of US$0.53. Ex-date: 14th November 2025 Payment date: 10th December 2025 Dividend yield will be 2.5%, which is lower than the industry average of 3.6%. Sustainability & Growth Dividend is covered by both earnings (31% earnings payout ratio) and cash flows (82% cash payout ratio). The dividend has increased by an average of 5.5% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 27% over the next 3 years. However, it would need to fall by 66% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Nov 04
Third quarter 2025 earnings: EPS in line with expectations, revenues disappoint Third quarter 2025 results: EPS: US$1.87 (down from US$2.05 in 3Q 2024). Revenue: US$325.6m (down 3.7% from 3Q 2024). Net income: US$78.3m (down 8.4% from 3Q 2024). Profit margin: 24% (down from 25% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Electric Utilities industry in the US. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. 공시 • Oct 15
Otter Tail Corporation to Report Q3, 2025 Results on Nov 03, 2025 Otter Tail Corporation announced that they will report Q3, 2025 results After-Market on Nov 03, 2025 Declared Dividend • Aug 07
Second quarter dividend of US$0.53 announced Shareholders will receive a dividend of US$0.53. Ex-date: 15th August 2025 Payment date: 10th September 2025 Dividend yield will be 2.6%, which is lower than the industry average of 3.6%. Sustainability & Growth Dividend is covered by earnings (29% earnings payout ratio) but not covered by cash flows (108% cash payout ratio). The dividend has increased by an average of 5.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 28% over the next 3 years. However, it would need to fall by 68% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Aug 05
Second quarter 2025 earnings: EPS and revenues exceed analyst expectations Second quarter 2025 results: EPS: US$1.86 (down from US$2.08 in 2Q 2024). Revenue: US$333.0m (down 2.7% from 2Q 2024). Net income: US$77.7m (down 11% from 2Q 2024). Profit margin: 23% (down from 25% in 2Q 2024). Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) also surpassed analyst estimates by 7.4%. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Electric Utilities industry in the US. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 1% per year. Buy Or Sell Opportunity • Jul 18
Now 20% overvalued Over the last 90 days, the stock has fallen 2.2% to US$77.19. The fair value is estimated to be US$64.12, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 6.5%. For the next 3 years, revenue is forecast to grow by 2.4% per annum. Earnings are forecast to decline by 11% per annum over the same time period. 공시 • Jul 16
Otter Tail Corporation to Report Q2, 2025 Results on Aug 04, 2025 Otter Tail Corporation announced that they will report Q2, 2025 results After-Market on Aug 04, 2025 공시 • Jun 06
Otter Tail Corporation announced that it expects to receive $50 million in funding Otter Tail Corporation announced that it has entered into a note purchase agreement for private placement of 5.98% series 2025B senior unsecured notes due June 5, 2055 for gross proceeds of $50,000,000 on June 5, 2025. The notes carry a fixed coupon of 5.49% per annum and would mature on June 5, 2055. Declared Dividend • May 08
First quarter dividend of US$0.53 announced Shareholders will receive a dividend of US$0.53. Ex-date: 15th May 2025 Payment date: 10th June 2025 Dividend yield will be 2.6%, which is lower than the industry average of 3.6%. Sustainability & Growth Dividend is covered by earnings (27% earnings payout ratio) but not covered by cash flows (113% cash payout ratio). The dividend has increased by an average of 5.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 28% over the next 3 years. However, it would need to fall by 70% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • May 06
First quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2025 results: EPS: US$1.63 (down from US$1.78 in 1Q 2024). Revenue: US$337.4m (down 2.8% from 1Q 2024). Net income: US$68.1m (down 8.4% from 1Q 2024). Profit margin: 20% (down from 21% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 3.5%. Earnings per share (EPS) exceeded analyst estimates by 5.9%. Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Electric Utilities industry in the US. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 7% per year. 공시 • Apr 16
Otter Tail Corporation to Report Q1, 2025 Results on May 05, 2025 Otter Tail Corporation announced that they will report Q1, 2025 results After-Market on May 05, 2025 공시 • Mar 04
Otter Tail Corporation, Annual General Meeting, Apr 14, 2025 Otter Tail Corporation, Annual General Meeting, Apr 14, 2025. Major Estimate Revision • Feb 26
Consensus EPS estimates increase by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from US$1.35b to US$1.36b. EPS estimate increased from US$5.62 to US$6.22 per share. Net income forecast to shrink 15% next year vs 12% growth forecast for Electric Utilities industry in the US . Consensus price target broadly unchanged at US$82.00. Share price was steady at US$81.45 over the past week. 공시 • Feb 19
Otter Tail Corporation Provides Earnings Guidance for the Full Year of 2025 Otter Tail Corporation provides earnings guidance for the full year of 2025. For the period, the company anticipates diluted earnings per share to be in the range of $5.68 to $6.08. Reported Earnings • Feb 18
Full year 2024 earnings: Revenues and EPS in line with analyst expectations Full year 2024 results: EPS: US$7.22 (up from US$7.06 in FY 2023). Revenue: US$1.33b (down 1.4% from FY 2023). Net income: US$301.7m (up 2.5% from FY 2023). Profit margin: 23% (in line with FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Electric Utilities industry in the US. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 10% per year. Recent Insider Transactions Derivative • Feb 10
President exercised options and sold US$353k worth of stock On the 6th of February, Charles MacFarlane exercised options to acquire 4k shares at no cost and sold these for an average price of US$78.99 per share. This trade did not impact their existing holding. For the year to December 2018, Charles' total compensation was 14% salary and 86% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2024, Charles has owned 273.03k shares directly. Company insiders have collectively sold US$547k more than they bought, via options and on-market transactions in the last 12 months. Declared Dividend • Feb 07
Third quarter dividend increased to US$0.53 Dividend of US$0.53 is 12% higher than last year. Ex-date: 14th February 2025 Payment date: 10th March 2025 Dividend yield will be 2.5%, which is lower than the industry average of 3.6%. Sustainability & Growth Dividend is covered by both earnings (25% earnings payout ratio) and cash flows (85% cash payout ratio). The dividend has increased by an average of 4.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 43% over the next 3 years. However, it would need to fall by 72% to increase the payout ratio to a potentially unsustainable range. 공시 • Feb 05
Otter Tail Corporation Increases First Quarter 2025 Dividend, Payable on March 10, 2025 Otter Tail Corporation announced that its Board of Directors increased the company’s quarterly common stock dividend to $0.525 per share. The increase brings the annual indicated dividend rate to $2.10 per share, a $0.23, or 12.3%, increase over the 2024 rate. 2025 will mark the 87th consecutive year dividends will be paid on common stock. The first quarter dividend is payable on March 10, 2025 to shareholders of record on February 14, 2025. 공시 • Jan 29
Otter Tail Corporation to Report Fiscal Year 2024 Results on Feb 17, 2025 Otter Tail Corporation announced that they will report fiscal year 2024 results on Feb 17, 2025 공시 • Nov 14
New York’s Erie County Water Authority Files an Antitrust Lawsuit Against Atkore, Diamond Plastics, JM Eagle, National Pipe and Plastics, Otter Tail, IPEX and Westlake Corporation New York’s Erie County Water Authority has filed an antitrust lawsuit against several major U.S. PVC pipe manufacturers, alleging those manufacturers colluded to create an illegal price-fixing scheme that artificially raised the price of PVC pipes widely used in public water systems and municipal wastewater collection and treatment across the country. The law firms FeganScott and Douglas & London PC filed the lawsuit on behalf of Erie County Water Authority, claiming that seven companies – which control 90% of the PVC market – used an industry information exchange platform to communicate about and coordinate the price for PVC pipes. The 53-page complaint names Atkore, Diamond Plastics, JM Eagle, National Pipe and Plastics, Otter Tail, IPEX, and Westlake Corporation. It also names Opis, the information exchange platform the suppliers used in the alleged scheme. Opis is owned by Dow Jones. The complaint, filed in the U.S. District Court for the Northern District of Illinois, claims that over a two-to-three-year span, the companies’ scheme artificially raised the price of municipal PVC water pipes for public water systems nationwide by as much as 500%. According to Elizabeth Fegan, managing partner of FeganScott and one of the attorneys leading the suit, the defendants’ use of the Opis data allowed them to set a price floor for their products, strangling the chance for competition to correctly set the price. Fegan noted that this is not the first time Opis has been involved in antitrust litigation. According to the suit, Opis was the subject of a 2020 lawsuit brought by the California Attorney General and two energy companies for illegally driving up regular and premium gasoline prices. That case was settled in 2024 for $50 million. The lawsuit seeks to represent local public water systems and municipal wastewater collection and treatment authorities nationwide that purchased PVC pipes manufactured by the defendants. Declared Dividend • Nov 07
Third quarter dividend of US$0.47 announced Shareholders will receive a dividend of US$0.47. Ex-date: 15th November 2024 Payment date: 10th December 2024 Dividend yield will be 2.3%, which is lower than the industry average of 3.6%. Sustainability & Growth Dividend is covered by both earnings (25% earnings payout ratio) and cash flows (85% cash payout ratio). The dividend has increased by an average of 4.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 40% over the next 3 years. However, it would need to fall by 72% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Nov 05
Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2024 results: EPS: US$2.05 (down from US$2.21 in 3Q 2023). Revenue: US$338.0m (down 5.6% from 3Q 2023). Net income: US$85.5m (down 7.1% from 3Q 2023). Profit margin: 25% (in line with 3Q 2023). Revenue missed analyst estimates by 10%. Earnings per share (EPS) exceeded analyst estimates by 6.0%. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Electric Utilities industry in the US. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. 공시 • Oct 16
Otter Tail Corporation to Report Q3, 2024 Results on Nov 04, 2024 Otter Tail Corporation announced that they will report Q3, 2024 results After-Market on Nov 04, 2024 Recent Insider Transactions Derivative • Aug 15
Insider notifies of intention to sell stock Jennifer Smestad intends to sell 4k shares in the next 90 days after lodging an Intent To Sell Form on the 13th of August. If the sale is conducted around the recent share price of US$87.92, it would amount to US$352k. Since December 2023, Jennifer's direct individual holding has increased from 11.99k shares to 16.84k. Company insiders have collectively bought US$308k more than they sold, via options and on-market transactions, in the last 12 months. Major Estimate Revision • Aug 14
Consensus EPS estimates increase by 10%, revenue downgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from US$1.46b to US$1.44b. EPS estimate rose from US$6.13 to US$6.77. Net income forecast to shrink 22% next year vs 9.5% growth forecast for Electric Utilities industry in the US . Consensus price target of US$70.00 unchanged from last update. Share price was steady at US$89.26 over the past week. Declared Dividend • Aug 08
Second quarter dividend of US$0.47 announced Shareholders will receive a dividend of US$0.47. Ex-date: 15th August 2024 Payment date: 10th September 2024 Dividend yield will be 2.0%, which is lower than the industry average of 3.6%. Sustainability & Growth Dividend is covered by both earnings (24% earnings payout ratio) and cash flows (59% cash payout ratio). The dividend has increased by an average of 4.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 39% over the next 3 years. However, it would need to fall by 73% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Aug 06
Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2024 results: EPS: US$2.08 (up from US$1.97 in 2Q 2023). Revenue: US$342.3m (up 1.4% from 2Q 2023). Net income: US$87.0m (up 6.1% from 2Q 2023). Profit margin: 25% (up from 24% in 2Q 2023). Revenue missed analyst estimates by 6.9%. Earnings per share (EPS) exceeded analyst estimates by 22%. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Electric Utilities industry in the US. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 20% per year. 공시 • Jul 17
Otter Tail Corporation to Report Q2, 2024 Results on Aug 05, 2024 Otter Tail Corporation announced that they will report Q2, 2024 results After-Market on Aug 05, 2024 Recent Insider Transactions Derivative • May 27
Vice President of Human Resources notifies of intention to sell stock Paul Knutson intends to sell 4k shares in the next 90 days after lodging an Intent To Sell Form on the 24th of May. If the sale is conducted around the recent share price of US$90.66, it would amount to US$363k. Since March 2024, Paul has owned 24.36k shares directly. Company insiders have collectively bought US$308k more than they sold, via options and on-market transactions, in the last 12 months. Major Estimate Revision • May 15
Consensus EPS estimates increase by 13% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from US$1.38b to US$1.46b. EPS estimate increased from US$5.30 to US$6.01 per share. Net income forecast to shrink 22% next year vs 9.5% growth forecast for Electric Utilities industry in the US . Consensus price target of US$72.50 unchanged from last update. Share price was steady at US$92.01 over the past week. Declared Dividend • May 08
First quarter dividend of US$0.47 announced Shareholders will receive a dividend of US$0.47. Ex-date: 14th May 2024 Payment date: 10th June 2024 Dividend yield will be 2.0%, which is lower than the industry average of 3.6%. Sustainability & Growth Dividend is well covered by both earnings (24% earnings payout ratio) and cash flows (50% cash payout ratio). The dividend has increased by an average of 4.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 41% over the next 3 years. However, it would need to fall by 73% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • May 07
First quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2024 results: EPS: US$1.78 (up from US$1.50 in 1Q 2023). Revenue: US$347.1m (up 2.4% from 1Q 2023). Net income: US$74.3m (up 19% from 1Q 2023). Profit margin: 21% (up from 18% in 1Q 2023). The increase in margin was primarily driven by higher revenue. Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) exceeded analyst estimates by 22%. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Electric Utilities industry in the US. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. 공시 • May 07
Otter Tail Corporation Increases Earnings Guidance for the Year 2024 Otter Tail Corporation increased earnings guidance for the year 2024. For the year, the company expected diluted earnings per share guidance to a range of $6.23 to $6.53 from initial range of $5.13 to $5.43 due primarily to stronger than expected Plastics segment performance. 
