
Otter Tail (NASDAQ:OTTR) Announces Earnings Results, Beats Estimates By $0.07 EPS

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Otter Tail (NASDAQ:OTTR) reported earnings of $1.23 per share, exceeding estimates by $0.07. The company had a net margin of 21.48% and a return on equity of 15.96%. Revenue for the quarter was $308.10 million, slightly below the expected $311.15 million, but up 1.6% year-over-year. Otter Tail also announced a quarterly dividend increase to $0.5775, with a yield of 2.6%. Analysts maintain a "Moderate Buy" rating on the stock, with an average target price of $83.00.
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