Otter Tail Corporation (NASDAQ:OTTR) announced its quarterly earnings results on Monday. The utilities provider reported $0.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.01, Bloomberg Earnings reports. The company had revenue of $212.10 million during the quarter, compared to the consensus estimate of $211.30 million. Otter Tail Corporation had a return on equity of 10.15% and a net margin of 8.30%. Otter Tail Corporation’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.41 EPS.

Shares of Otter Tail Corporation (NASDAQ:OTTR) traded up 2.12% during mid-day trading on Tuesday, reaching $41.36. The company’s stock had a trading volume of 13,405 shares. The firm has a market capitalization of $1.63 billion, a PE ratio of 24.06 and a beta of 0.78. The firm has a 50-day moving average of $40.22 and a 200-day moving average of $38.74. Otter Tail Corporation has a 52 week low of $32.99 and a 52 week high of $42.55.

The firm also recently declared a quarterly dividend, which will be paid on Saturday, September 9th. Shareholders of record on Tuesday, August 15th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date is Friday, August 11th. Otter Tail Corporation’s dividend payout ratio (DPR) is 74.85%.

A number of analysts have issued reports on OTTR shares. Zacks Investment Research raised Otter Tail Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. BidaskClub downgraded Otter Tail Corporation from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd.

In related news, CFO Kevin G. Moug sold 800 shares of Otter Tail Corporation stock in a transaction on Monday, May 15th. The shares were sold at an average price of $37.25, for a total value of $29,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.40% of the stock is currently owned by insiders.

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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).

Earnings History for Otter Tail Corporation (NASDAQ:OTTR)

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