Otter Tail Receives New Coverage from Analysts at Sidoti (OTTR)
Stock analysts at Sidoti began coverage on shares of Otter Tail (NASDAQ:OTTR) in a report issued on Wednesday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.
In other Otter Tail news, SVP George A. Koeck unloaded 2,000 shares of Otter Tail stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $28.34, for a total value of $56,680.00. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Otter Tail (NASDAQ:OTTR) opened at 28.44 on Wednesday. Otter Tail has a 52 week low of $25.84 and a 52 week high of $31.72. The stock has a 50-day moving average of $28.35 and a 200-day moving average of $29.27. The company has a market cap of $1.042 billion and a price-to-earnings ratio of 17.43.
Otter Tail (NASDAQ:OTTR) last released its earnings data on Monday, August 4th. The company reported $0.27 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.23 by $0.04. The company had revenue of $234.61 million for the quarter, compared to the consensus estimate of $221.20 million. During the same quarter last year, the company posted $0.21 earnings per share. Otter Tail’s revenue was up 10.5% compared to the same quarter last year. On average, analysts predict that Otter Tail will post $1.76 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 10th. Stockholders of record on Friday, August 15th will be given a dividend of $0.3025 per share. This represents a $1.21 dividend on an annualized basis and a yield of 4.25%. The ex-dividend date of this dividend is Wednesday, August 13th.
Otter Tail Corporation is a holding company operating through its subsidiaries. It operates in five segments.
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