On Tuesday, Otter Tail Corporation (NASDAQ: OTTR) opened higher 3.85% from the last session, before settling in for the closing price of $78.53. Price fluctuations for OTTR have ranged from $74.09 to $100.84 over the past 52 weeks.
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A company in the Utilities sector has jumped its sales by 9.20% annually for the last half of the decade. Company’s average yearly earnings per share was noted 1.43% at the time writing. With a float of $37.91 million, this company’s outstanding shares have now reached $41.71 million.
In an organization with 2655 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 36.69%, operating margin of 29.16%, and the pretax margin is 28.3%.
Otter Tail Corporation (OTTR) Insider Updates
A key investor’s attitude towards the stock of the Utilities – Diversified industry is another important factor to consider. The insider ownership of Otter Tail Corporation is 9.37%, while institutional ownership is 59.25%. The most recent insider transaction that took place on Aug 13 ’24, was worth 354,960. In this transaction VP, General Council & Corp Sec of this company sold 4,000 shares at a rate of $88.74, taking the stock ownership to the 12,300 shares. Before that another transaction happened on Aug 13 ’24, when Company’s Officer proposed sale 4,000 for $87.92, making the entire transaction worth $351,673.
Otter Tail Corporation (OTTR) Performance Highlights and Predictions
If we go through the results of last quarter, which was made public on 9/30/2024, the company posted 1.37 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 1.25) by 0.12. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.48 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 1.43% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 7.00% during the next five years compared to 27.66% growth over the previous five years of trading.
Otter Tail Corporation (NASDAQ: OTTR) Trading Performance Indicators
Check out the current performance indicators for Otter Tail Corporation (OTTR). In the past quarter, the stock posted a quick ratio of 1.66. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.54. Likewise, its price to free cash flow for the trailing twelve months is 37.18.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 7.24, a number that is poised to hit 1.28 in the next quarter and is forecasted to reach 5.45 in one year’s time.
Technical Analysis of Otter Tail Corporation (OTTR)
Let’s dig in a bit further. During the last 5-days, its volume was 0.26 million. That was better than the volume of 0.23 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 57.67%. Additionally, its Average True Range was 2.20.
During the past 100 days, Otter Tail Corporation’s (OTTR) raw stochastic average was set at 29.64%, which indicates a significant decrease from 84.95% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 19.81% in the past 14 days, which was lower than the 28.27% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $78.78, while its 200-day Moving Average is $86.00. However, in the short run, Otter Tail Corporation’s stock first resistance to watch stands at $85.22. Second resistance stands at $88.89. The third major resistance level sits at $94.78. If the price goes on to break the first support level at $75.65, it is likely to go to the next support level at $69.76. Assuming the price breaks the second support level, the third support level stands at $66.09.
Otter Tail Corporation (NASDAQ: OTTR) Key Stats
There are currently 41,828K shares outstanding in the company with a market cap of 3.41 billion. Presently, the company’s annual sales total 1,349 M according to its annual income of 294,190 K. Last quarter, the company’s sales amounted to 342,340 K and its income totaled 87,000 K.
