Otter Tail stock gained 0.46 percent as analysts stayed cautious

Published on 10/04/2026 at 18:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Otter Tail stock delivered adjusted Q2 EPS of USD 1.66 against USD 1.51 consensus. A court-approved PVC settlement adds a USD 69.5 million payment focus.

OTTR, US6896481032, Illustration mit AI erstellt.

Otter Tail (ISIN US6896481032) gained 0.46 percent to an official close of USD 88.87 on Nasdaq on October 2, 2026. The move followed a final court decision on the company's PVC pipe antitrust settlements, while the latest quarterly figures combine an earnings beat with a sharp legal charge.

Settlement approval resets legal risk

A US district judge gave final approval on October 1, 2026, to settlements involving Otter Tail and other PVC pipe producers, MLex reported. Otter Tail agreed to pay USD 30 million to end users and USD 39.5 million to direct purchasers, making the combined approved settlement USD 69.5 million.

The legal outcome matters because the second quarter included a USD 1.84 per share after-tax settlement impact in adjusted reporting. Simply Wall St also reported a GAAP loss of USD 7.61 million, or USD 0.18 per share, for Q2 2026, compared with USD 1.86 earnings per share in Q2 2025.

Q2 revenue beats the estimate

Otter Tail posted adjusted EPS of USD 1.66 in Q2 2026, above the USD 1.51 consensus estimate, while revenue reached USD 334.38 million against USD 326.13 million expected, according to MarketBeat. Revenue was up 0.4 percent from the prior-year quarter, but adjusted EPS fell from USD 1.85 over the same period.

The numbers leave investors with two competing signals: operating revenue remained stable, while the legal settlement pushed GAAP earnings into negative territory. The company combines a regulated electric utility with manufacturing and plastics operations, so PVC pricing and settlement costs remain important to the earnings picture.

Analysts remain below the market price

MarketBeat lists four Hold ratings and one Sell rating, producing a Reduce consensus from five analysts and an average price target of USD 86.00. The target is below the October 2 closing price, while the same page reports a 52-week range of USD 74.15 to USD 95.09.

That range places the stock USD 6.22 below its yearly high and USD 14.72 above its yearly low. The valuation debate therefore centers on whether utility growth can offset weaker plastics earnings and the cash cost of the settlement.

Otter Tail stock closes at USD 88.87

Otter Tail stock closed at USD 88.87 on Nasdaq on October 2, 2026, with a daily volume of 216,356 shares and a market capitalization of USD 3.7 billion.