Otter Tail Corporation (NASDAQ:OTTR) Set to Announce Earnings on Monday
Otter Tail Corporation (NASDAQ:OTTR) is set to post its quarterly earnings results after the market closes on Monday, August 7th. Analysts expect Otter Tail Corporation to post earnings of $0.41 per share for the quarter.
Shares of Otter Tail Corporation (NASDAQ:OTTR) opened at 40.45 on Friday. The stock has a market cap of $1.60 billion, a PE ratio of 23.53 and a beta of 0.78. Otter Tail Corporation has a one year low of $32.99 and a one year high of $42.55. The stock’s 50 day moving average price is $40.22 and its 200-day moving average price is $38.74.
The company also recently declared a quarterly dividend, which will be paid on Saturday, September 9th. Stockholders of record on Tuesday, August 15th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date is Friday, August 11th. Otter Tail Corporation’s dividend payout ratio (DPR) is presently 74.85%.
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In related news, CFO Kevin G. Moug sold 800 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $37.25, for a total value of $29,800.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.40% of the stock is currently owned by company insiders.
OTTR has been the subject of a number of recent research reports. Zacks Investment Research raised Otter Tail Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. BidaskClub downgraded Otter Tail Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd.
Otter Tail Corporation Company Profile
Otter Tail Corporation is a holding company. The Company operates through three segments: Electric, Manufacturing and Plastics. The Electric segment includes the production, transmission, distribution and sale of electric energy in Minnesota, North Dakota and South Dakota by Otter Tail Power Company (OTP).
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