Otter Tail Corporation (OTTR) to Release Quarterly Earnings on Wednesday
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.
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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).
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