Otter Tail (OTTR) Issues FY18 Earnings Guidance

Otter Tail (NASDAQ:OTTR) issued an update on its FY18 earnings guidance on Monday morning. The company provided EPS guidance of $1.80-1.95 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.93.

Otter Tail (NASDAQ:OTTR) traded down $0.35 during midday trading on Monday, hitting $40.95. The stock had a trading volume of 109,643 shares, compared to its average volume of 109,415. Otter Tail has a fifty-two week low of $35.65 and a fifty-two week high of $48.65. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.61 and a current ratio of 0.93. The stock has a market cap of $1,633.72, a price-to-earnings ratio of 22.94 and a beta of 0.71.

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, March 10th. Investors of record on Thursday, February 15th will be given a dividend of $0.335 per share. This represents a $1.34 dividend on an annualized basis and a dividend yield of 3.27%. This is an increase from Otter Tail’s previous quarterly dividend of $0.32. The ex-dividend date is Wednesday, February 14th. Otter Tail’s dividend payout ratio (DPR) is presently 71.11%.

OTTR has been the subject of a number of recent analyst reports. Zacks Investment Research raised Otter Tail from a hold rating to a buy rating and set a $48.00 price objective for the company in a research report on Thursday, January 25th. BidaskClub downgraded Otter Tail from a strong-buy rating to a buy rating in a research report on Tuesday, December 12th. KeyCorp reissued a hold rating on shares of Otter Tail in a research report on Friday, October 20th. Finally, Sidoti downgraded Otter Tail from a buy rating to a neutral rating and set a $46.00 price objective for the company. in a research report on Monday, January 8th.

In other Otter Tail news, Director John D. Erickson sold 2,400 shares of Otter Tail stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $45.55, for a total value of $109,320.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Kevin G. Moug sold 1,500 shares of Otter Tail stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $46.50, for a total value of $69,750.00. The disclosure for this sale can be found here. Insiders have sold a total of 6,900 shares of company stock valued at $318,570 over the last three months. Corporate insiders own 1.40% of the company’s stock.

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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).

Earnings History and Estimates for Otter Tail (NASDAQ:OTTR)

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