Press coverage about Otter Tail (NASDAQ:OTTR) has been trending somewhat positive recently, Accern Sentiment reports. The research group ranks the sentiment of news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Otter Tail earned a media sentiment score of 0.00 on Accern’s scale. Accern also gave media headlines about the utilities provider an impact score of 45.7936513919887 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Shares of Otter Tail (OTTR) opened at $41.35 on Friday. The firm has a market capitalization of $1,635.68, a PE ratio of 22.97 and a beta of 0.82. Otter Tail has a twelve month low of $35.65 and a twelve month high of $48.65. The company has a current ratio of 0.93, a quick ratio of 0.61 and a debt-to-equity ratio of 0.71.
Otter Tail (NASDAQ:OTTR) last announced its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $0.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.06. The firm had revenue of $216.50 million during the quarter, compared to analysts’ expectations of $201.70 million. Otter Tail had a return on equity of 10.47% and a net margin of 8.53%. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.37 EPS. equities analysts anticipate that Otter Tail will post 1.8 earnings per share for the current fiscal year.
Several analysts have weighed in on the company. BidaskClub cut Otter Tail from a “hold” rating to a “sell” rating in a report on Friday, January 5th. KeyCorp reissued a “hold” rating on shares of Otter Tail in a report on Friday, October 20th. Zacks Investment Research raised Otter Tail from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a report on Tuesday, November 7th. Finally, Sidoti cut Otter Tail from a “buy” rating to a “neutral” rating and set a $46.00 price objective for the company. in a report on Monday, January 8th. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $44.67.
In other news, Director John D. Erickson sold 2,400 shares of the company’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $45.55, for a total value of $109,320.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP George A. Koeck sold 3,000 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $46.50, for a total value of $139,500.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,900 shares of company stock valued at $318,570. 1.40% of the stock is currently owned by company insiders.
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Otter Tail 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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