Otter Tail Corporation (NASDAQ:OTTR) Given Coverage Optimism Score of 0.14
News stories about Otter Tail Corporation (NASDAQ:OTTR) have trended somewhat positive recently, Accern Sentiment reports. The research firm scores the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Otter Tail Corporation earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned press coverage about the utilities provider an impact score of 46.9535788439005 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
- Edited Transcript of OTTR earnings conference call or presentation 8-Aug-17 3:00pm GMT (finance.yahoo.com)
- Otter Tail Power Company — Moody’s assigns Baa2 Issuer Rating to Otter Tail Corporation and affirms Otter Tail Power’s A3 rating; rating outlooks stable (finance.yahoo.com)
- ETFs with exposure to Otter Tail Corp. : August 7, 2017 (finance.yahoo.com)
- Otter Tail Corporation Announces Second Quarter Earnings; Raises 2017 Earnings Guidance Range, Board of Directors Declares Quarterly Dividend (finance.yahoo.com)
- Otter Tail posts 2Q profit (finance.yahoo.com)
Otter Tail Corporation (NASDAQ OTTR) traded down 0.19% on Friday, reaching $41.20. 72,374 shares of the company traded hands. The stock has a market capitalization of $1.63 billion, a price-to-earnings ratio of 23.72 and a beta of 0.78. The firm has a 50 day moving average price of $40.15 and a 200 day moving average price of $38.90. Otter Tail Corporation has a 52-week low of $32.99 and a 52-week high of $42.55.
Otter Tail Corporation (NASDAQ:OTTR) last released its earnings results on Monday, August 7th. The utilities provider reported $0.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.01. The company had revenue of $212.10 million for the quarter, compared to analysts’ expectations of $211.30 million. Otter Tail Corporation had a return on equity of 10.14% and a net margin of 8.35%. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.41 EPS. Equities research analysts predict that Otter Tail Corporation will post $1.72 EPS for the current year.
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 issued a dividend of $0.32 per share. The ex-dividend date is Friday, August 11th. This represents a $1.28 annualized dividend and a dividend yield of 3.11%. Otter Tail Corporation’s dividend payout ratio is 74.42%.
Several brokerages have recently weighed in on OTTR. Zacks Investment Research upgraded shares of Otter Tail Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. BidaskClub lowered shares of Otter Tail Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th.
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In other news, CFO Kevin G. Moug sold 800 shares of Otter Tail Corporation stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $37.25, for a total transaction of $29,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.40% of the stock is owned by insiders.
About Otter Tail Corporation
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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