News headlines about Otter Tail Corporation (NASDAQ:OTTR) have been trending somewhat positive this week, Alpha One reports. Alpha One, a subsidiary of Accern, identifies negative and positive news coverage by monitoring more than 20 million blog and news sources in real time. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Otter Tail Corporation earned a daily sentiment score of 0.12 on Alpha One’s scale. Alpha One also gave media headlines about the utilities provider an impact score of 63 out of 100, meaning that recent news coverage is somewhat likely to have an impact on the stock’s share price in the next several days.
A number of research firms recently commented on OTTR. Zacks Investment Research lowered shares of Otter Tail Corporation from a “hold” rating to a “sell” rating in a research note on Friday, May 5th. Sidoti upgraded shares of Otter Tail Corporation from a “neutral” rating to a “buy” rating and set a $46.00 price target on the stock in a research report on Friday, March 24th.
Otter Tail Corporation (NASDAQ OTTR) remained flat at $41.45 during trading on Friday. The company had a trading volume of 285,500 shares. The firm’s 50-day moving average is $39.29 and its 200-day moving average is $38.73. Otter Tail Corporation has a 12 month low of $31.49 and a 12 month high of $42.55. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of 24.11 and a beta of 0.81.
Otter Tail Corporation (NASDAQ:OTTR) last issued its earnings results on Monday, May 1st. The utilities provider reported $0.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.06. Otter Tail Corporation had a net margin of 8.30% and a return on equity of 10.15%. The firm had revenue of $214.10 million during the quarter, compared to the consensus estimate of $211.80 million. During the same quarter in the prior year, the firm earned $0.38 earnings per share. The business’s quarterly revenue was up 3.8% on a year-over-year basis. Equities research analysts forecast that Otter Tail Corporation will post $1.71 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Saturday, June 10th. Shareholders of record on Monday, May 15th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 3.09%. The ex-dividend date was Thursday, May 11th. Otter Tail Corporation’s payout ratio is presently 74.85%.
In other Otter Tail Corporation news, CFO Kevin G. Moug sold 800 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $37.25, for a total value of $29,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.40% of the stock is currently owned by corporate 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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