Otter Tail's Q2 Earnings, Revenue Increase; 2024 Earnings Outlook Raised

MT Newswires Live08-06

Otter Tail (OTTR) reported Q2 earnings Monday of $2.07 per diluted share, up from $1.95 a year earlier.

Three analysts polled by Capital IQ expected $1.70.

Operating revenue for the quarter ended June 30 was $342.3 million, compared with $337.7 million a year earlier.

Two analysts surveyed by Capital IQ expected $367.7 million.

Meanwhile, the company increased its 2024 EPS guidance to now be between $6.77 and $7.07 from the prior guidance of $6.23 to $6.53. Three analysts polled by Capital IQ expect $6.13.

The company also maintained a quarterly dividend of $0.4675 per share, payable Sept. 10 to shareholders of record on Aug. 15.

Otter Tail's shares rose 5% after-market hours on Monday.

Price: 96.77, Change: +4.60, Percent Change: +4.99

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2457925091?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-08-06 16:24","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2457925091","market":"fut","top_or_hot":-1,"title":"Otter Tail's Q2 Earnings, Revenue Increase; 2024 Earnings Outlook Raised","media":"MT Newswires Live","content":"<html><body><p> Otter Tail (OTTR) reported Q2 earnings Monday of $2.07 per diluted share, up from $1.95 a year earlier.</p><p>Three analysts polled by Capital IQ expected $1.70.</p><p>Operating revenue for the quarter ended June 30 was $342.3 million, compared with $337.7 million a year earlier.</p><p>Two analysts surveyed by Capital IQ expected $367.7 million.</p><p>Meanwhile, the company increased its 2024 EPS guidance to now be between $6.77 and $7.07 from the prior guidance of $6.23 to $6.53. Three analysts polled by Capital IQ expect $6.13.</p><p>The company also maintained a quarterly dividend of $0.4675 per share, payable Sept. 10 to shareholders of record on Aug. 15.</p><p>Otter Tail's shares rose 5% after-market hours on Monday.</p><p>Price: 96.77, Change: +4.60, Percent Change: +4.99</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Otter Tail's Q2 Earnings, Revenue Increase; 2024 Earnings Outlook Raised</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOtter Tail's Q2 Earnings, Revenue Increase; 2024 Earnings Outlook Raised\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-08-06 16:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires Live</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Otter Tail (OTTR) reported Q2 earnings Monday of $2.07 per diluted share, up from $1.95 a year earlier.Three analysts polled by Capital IQ expected $1.70.Operating revenue for the quarter ended June ...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"OTTR","symbol_name":"奥特泰尔","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2457925091","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2457925091","pubTimestamp":1722932663,"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Otter Tail  reported Q2 earnings Monday of $2.07 per diluted share, up from $1.95 a year earlier.Three analysts polled by Capital IQ expected $1.70.Operating revenue for the quarter ended June 30 was $342.3 million, compared with $337.7 million a year earlier.Two analysts surveyed by Capital IQ expected $367.7 million.Meanwhile, the company increased its 2024 EPS guidance to now be between $6.77 and $7.07 from the prior guidance of $6.23 to $6.53. Three analysts polled by Capital IQ expect $6.13.The company also maintained a quarterly dividend of $0.4675 per share, payable Sept. 10 to shareholders of record on Aug. 15.Otter Tail's shares rose 5% after-market hours on Monday.Price: 96.77, Change: +4.60, Percent Change: +4.99","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"OTTR":"奥特泰尔"},"translate_title":"Otter Tail第二季度盈利、收入增长；2024年盈利前景上调","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"OTTR":1},"content_text":"Otter Tail (OTTR) reported Q2 earnings Monday of $2.07 per diluted share, up from $1.95 a year earlier.Three analysts polled by Capital IQ expected $1.70.Operating revenue for the quarter ended June 30 was $342.3 million, compared with $337.7 million a year earlier.Two analysts surveyed by Capital IQ expected $367.7 million.Meanwhile, the company increased its 2024 EPS guidance to now be between $6.77 and $7.07 from the prior guidance of $6.23 to $6.53. Three analysts polled by Capital IQ expect $6.13.The company also maintained a quarterly dividend of $0.4675 per share, payable Sept. 10 to shareholders of record on Aug. 15.Otter Tail's shares rose 5% after-market hours on Monday.Price: 96.77, Change: +4.60, Percent Change: +4.99","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.27.0","shortVersion":"4.27.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2457925091"}