Otter Tail Corporation (OTTR) Receiving Somewhat Positive Press Coverage, Analysis Finds
Media coverage about Otter Tail Corporation (NASDAQ:OTTR) has been trending somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research group rates the sentiment of press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Otter Tail Corporation earned a news impact score of 0.04 on Accern’s scale. Accern also assigned media headlines about the utilities provider an impact score of 47.3683437349294 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the media headlines that may have impacted Accern’s rankings:
- John D. Erickson Sells 2,400 Shares of Otter Tail Corporation (OTTR) Stock (americanbankingnews.com)
- Zacks: Otter Tail Corporation (OTTR) Given $43.50 Average Price Target by Brokerages (americanbankingnews.com)
- BRIEF-Otter Tail Power Company entered into a note purchase agreement with purchasers – SEC filing? (fixedincome.fidelity.com)
- OTTER TAIL CORPORATION (NASDAQ:OTTR) Files An 8-K Entry into a Material Definitive Agreement (4-traders.com)
- ETFs with exposure to Otter Tail Corp. : November 17, 2017 (finance.yahoo.com)
Shares of Otter Tail Corporation (NASDAQ OTTR) traded up $1.10 during mid-day trading on Wednesday, hitting $46.95. 93,200 shares of the stock traded hands, compared to its average volume of 93,255. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.93 and a quick ratio of 0.61. Otter Tail Corporation has a 52 week low of $35.65 and a 52 week high of $47.45. The company has a market capitalization of $1,813.71, a P/E ratio of 25.47 and a beta of 0.81.
Otter Tail Corporation (NASDAQ:OTTR) last issued its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.06. Otter Tail Corporation had a net margin of 8.53% and a return on equity of 10.47%. The company had revenue of $216.50 million during the quarter, compared to the consensus estimate of $201.70 million. During the same quarter in the prior year, the firm earned $0.37 earnings per share. The firm’s revenue was up 9.8% compared to the same quarter last year. sell-side analysts predict that Otter Tail Corporation will post 1.78 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Saturday, December 9th. Stockholders of record on Wednesday, November 15th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 2.73%. The ex-dividend date is Tuesday, November 14th. Otter Tail Corporation’s dividend payout ratio is 71.11%.
OTTR has been the topic of several analyst reports. Zacks Investment Research lowered shares of Otter Tail Corporation from a “buy” rating to a “hold” rating in a report on Thursday, August 31st. BidaskClub upgraded shares of Otter Tail Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Finally, KeyCorp reissued a “hold” rating on shares of Otter Tail Corporation in a research report on Friday, October 20th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $44.67.
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In other Otter Tail Corporation news, VP George A. Koeck sold 3,000 shares of the stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $46.50, for a total value of $139,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Kevin G. Moug sold 1,500 shares of the stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $46.50, for a total transaction of $69,750.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,900 shares of company stock valued at $318,570. 1.40% of the stock is owned by insiders.
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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