Otter Tail Corporation (NASDAQ:OTTR) Posts Earnings Results
Otter Tail Corporation (NASDAQ:OTTR) posted its earnings results on Monday. The utilities provider reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.01, Bloomberg Earnings reports. Otter Tail Corporation had a return on equity of 10.20% and a net margin of 8.35%. The firm had revenue of $212.10 million for the quarter, compared to the consensus estimate of $211.30 million. During the same quarter in the prior year, the business earned $0.41 EPS. The business’s revenue for the quarter was up 4.2% on a year-over-year basis.
Otter Tail Corporation (OTTR) traded down 2.205% on Wednesday, hitting $41.025. The company’s stock had a trading volume of 28,281 shares. The firm has a 50 day moving average of $40.22 and a 200 day moving average of $38.74. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 23.866 and a beta of 0.78. Otter Tail Corporation has a 12 month low of $32.99 and a 12 month high of $42.55.
The company also recently announced a quarterly dividend, which will be paid on Saturday, September 9th. Shareholders of record on Tuesday, August 15th will be issued a dividend of $0.32 per share. The ex-dividend date is Friday, August 11th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.05%. Otter Tail Corporation’s dividend payout ratio (DPR) is 74.42%.
In other news, CFO Kevin G. Moug sold 800 shares of Otter Tail Corporation stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $37.25, for a total transaction of $29,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.40% of the company’s stock.
OTTR has been the topic of a number of research analyst reports. BidaskClub downgraded Otter Tail Corporation from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd. Zacks Investment Research downgraded Otter Tail Corporation from a “hold” rating to a “sell” rating in a report on Friday, May 5th.
ILLEGAL ACTIVITY NOTICE: This article was originally published by Daily Political and is the property of of Daily Political. If you are reading this article on another site, it was illegally stolen and republished in violation of U.S. and international trademark & copyright law. The legal version of this article can be viewed at https://www.dailypolitical.com/2017/08/09/otter-tail-corporation-nasdaqottr-posts-earnings-results.html.
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).
Receive News & Ratings for Otter Tail Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Otter Tail Corporation and related companies with MarketBeat.com's FREE daily email newsletter.