Otter Tail Corporation (NASDAQ:OTTR) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, November 1st. Analysts expect the company to announce earnings of $0.40 per share for the quarter.

Otter Tail Corporation (NASDAQ:OTTR) last issued its quarterly earnings data on Monday, August 7th. The utilities provider reported $0.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.01. Otter Tail Corporation had a return on equity of 10.14% and a net margin of 8.35%. The company had revenue of $212.10 million during the quarter, compared to analysts’ expectations of $211.30 million. During the same quarter in the previous year, the business earned $0.41 earnings per share. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, analysts expect Otter Tail Corporation to post $1.73 EPS for the current fiscal year and $1.82 EPS for the next fiscal year.

Shares of Otter Tail Corporation (OTTR) opened at 46.10 on Wednesday. The stock’s 50 day moving average price is $44.02 and its 200 day moving average price is $41.03. The stock has a market cap of $1.82 billion, a PE ratio of 26.54 and a beta of 0.78. Otter Tail Corporation has a 1-year low of $33.45 and a 1-year high of $46.95.

OTTR has been the topic of several recent analyst reports. Zacks Investment Research downgraded Otter Tail Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. KeyCorp reaffirmed a “hold” rating on shares of Otter Tail Corporation in a research note on Friday, October 20th. Finally, BidaskClub downgraded Otter Tail Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $43.33.

In other Otter Tail Corporation news, CFO Kevin G. Moug sold 1,500 shares of Otter Tail Corporation stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $41.75, for a total transaction of $62,625.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 1.40% of the stock is owned by insiders.

TRADEMARK VIOLATION NOTICE: “Otter Tail Corporation (OTTR) to Release Quarterly Earnings on Wednesday” was originally posted by American Banking News and is the sole property of of American Banking News. If you are reading this piece on another publication, it was illegally copied and republished in violation of US and international copyright & trademark law. The original version of this piece can be accessed at https://www.americanbankingnews.com/2017/10/25/otter-tail-corporation-ottr-to-release-quarterly-earnings-on-wednesday.html.

About Otter Tail Corporation

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)

Receive News & Ratings for Otter Tail Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Otter Tail Corporation and related companies with MarketBeat.com's FREE daily email newsletter.