News coverage about Otter Tail (NASDAQ:OTTR) has trended somewhat positive recently, Accern reports. Accern scores the sentiment of media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Otter Tail earned a media sentiment score of 0.07 on Accern’s scale. Accern also gave news stories about the utilities provider an impact score of 46.5573823082844 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Shares of NASDAQ:OTTR opened at $43.55 on Monday. Otter Tail has a 52-week low of $36.45 and a 52-week high of $48.65. The company has a market capitalization of $1,725.76, a P/E ratio of 23.41 and a beta of 0.63. The company has a current ratio of 0.93, a quick ratio of 0.59 and a debt-to-equity ratio of 0.70.
Otter Tail (NASDAQ:OTTR) last announced its quarterly earnings data on Monday, February 12th. The utilities provider reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.06. Otter Tail had a return on equity of 10.73% and a net margin of 8.53%. The company had revenue of $206.70 million for the quarter, compared to analysts’ expectations of $207.30 million. During the same quarter in the prior year, the firm earned $0.44 earnings per share. Otter Tail’s revenue was up 5.1% compared to the same quarter last year. equities research analysts predict that Otter Tail will post 1.9 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Saturday, March 10th. Shareholders of record on Thursday, February 15th were given a dividend of $0.335 per share. This represents a $1.34 annualized dividend and a yield of 3.08%. The ex-dividend date of this dividend was Wednesday, February 14th. This is a boost from Otter Tail’s previous quarterly dividend of $0.32. Otter Tail’s dividend payout ratio (DPR) is 72.04%.
OTTR has been the topic of several research analyst reports. Sidoti cut Otter Tail from a “buy” rating to a “neutral” rating and set a $46.00 price objective on the stock. in a research note on Monday, January 8th. BidaskClub cut Otter Tail from a “buy” rating to a “hold” rating in a research note on Friday, December 22nd. Zacks Investment Research raised Otter Tail from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a research note on Wednesday, March 7th. Finally, Williams Capital reissued a “hold” rating and issued a $42.00 price objective (up previously from $41.00) on shares of Otter Tail in a research note on Thursday, February 15th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Otter Tail has an average rating of “Hold” and a consensus target price of $44.33.
In other Otter Tail news, CFO Kevin G. Moug sold 1,500 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $40.55, for a total transaction of $60,825.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.70% 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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