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%.
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.
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).
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