News headlines about Otter Tail Corporation (NASDAQ:OTTR) have trended somewhat positive on Friday, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Otter Tail Corporation earned a media sentiment score of 0.06 on Accern’s scale. Accern also assigned news coverage about the utilities provider an impact score of 47.7210750096566 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
A number of research firms have recently weighed in on OTTR. Zacks Investment Research upgraded Otter Tail Corporation from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a research report on Tuesday, November 7th. KeyCorp reiterated a “hold” rating on shares of Otter Tail Corporation in a research report on Friday, October 20th. Finally, BidaskClub upgraded Otter Tail Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $44.67.
Shares of Otter Tail Corporation (NASDAQ OTTR) opened at $45.85 on Friday. The firm has a market capitalization of $1,810.00, a price-to-earnings ratio of 26.03 and a beta of 0.81. The company has a current ratio of 0.93, a quick ratio of 0.61 and a debt-to-equity ratio of 0.71. Otter Tail Corporation has a 1 year low of $35.65 and a 1 year high of $47.45.
Otter Tail Corporation (NASDAQ:OTTR) last released its earnings results on Wednesday, November 1st. The utilities provider reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.06. The firm had revenue of $216.50 million during the quarter, compared to the consensus estimate of $201.70 million. Otter Tail Corporation had a return on equity of 10.47% and a net margin of 8.53%. The company’s revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.37 EPS. sell-side analysts anticipate that Otter Tail Corporation will post 1.78 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Saturday, December 9th. Stockholders of record on Wednesday, November 15th will be issued a dividend of $0.32 per share. The ex-dividend date is Tuesday, November 14th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.79%. Otter Tail Corporation’s dividend payout ratio (DPR) is currently 71.11%.
In other news, CFO Kevin G. Moug sold 1,500 shares of the business’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $46.50, for a total transaction of $69,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP George A. Koeck sold 3,000 shares of the business’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $46.50, for a total value of $139,500.00. The disclosure for this sale can be found here. 1.40% of the stock is currently 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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