Press coverage about Otter Tail (NASDAQ:OTTR) has trended somewhat positive on Sunday, Accern Sentiment reports. The research group identifies positive and negative press 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 nearest to one being the most favorable. Otter Tail earned a news sentiment score of 0.00 on Accern’s scale. Accern also gave news coverage about the utilities provider an impact score of 45.7936513919887 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
A number of analysts have recently commented on OTTR shares. Zacks Investment Research cut shares of Otter Tail from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Sidoti cut shares of Otter Tail from a “buy” rating to a “neutral” rating and set a $46.00 price objective for the company. in a research note on Monday, January 8th. BidaskClub cut shares of Otter Tail from a “buy” rating to a “hold” rating in a research note on Friday, December 22nd. Finally, KeyCorp reaffirmed a “hold” rating on shares of Otter Tail in a research note on Friday, October 20th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. Otter Tail currently has a consensus rating of “Hold” and an average target price of $44.67.
Otter Tail (OTTR) opened at $42.05 on Friday. The company has a quick ratio of 0.61, a current ratio of 0.93 and a debt-to-equity ratio of 0.71. Otter Tail has a fifty-two week low of $35.65 and a fifty-two week high of $48.65. The firm has a market cap of $1,663.37, a PE ratio of 23.36 and a beta of 0.82.
Otter Tail (NASDAQ:OTTR) last issued its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $0.45 EPS for the quarter, topping the consensus estimate of $0.39 by $0.06. Otter Tail had a net margin of 8.53% and a return on equity of 10.47%. The firm had revenue of $216.50 million for the quarter, compared to analyst estimates of $201.70 million. During the same period in the prior year, the business posted $0.37 EPS. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. equities research analysts predict that Otter Tail will post 1.8 earnings per share for the current fiscal year.
In other Otter Tail news, Director John D. Erickson sold 2,400 shares of the stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $45.55, for a total transaction of $109,320.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Kevin G. Moug sold 1,500 shares of the stock in a transaction that occurred 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. Over the last quarter, insiders have sold 6,900 shares of company stock worth $318,570. 1.40% of the stock is owned by company insiders.
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About Otter Tail
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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