Otter Tail Corporation (OTTR) Earning Somewhat Favorable News Coverage, Study Finds
News articles about Otter Tail Corporation (NASDAQ:OTTR) have been trending somewhat positive on Tuesday, according to Accern. The research firm scores the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Otter Tail Corporation earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned media stories about the utilities provider an impact score of 46.664930584707 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Otter Tail Corporation (OTTR) traded up 0.11% during mid-day trading on Tuesday, hitting $45.15. The stock had a trading volume of 19,207 shares. The firm has a market cap of $1.79 billion, a P/E ratio of 25.99 and a beta of 0.78. Otter Tail Corporation has a 12-month low of $33.45 and a 12-month high of $45.80. The stock has a 50-day moving average price of $43.32 and a 200 day moving average price of $40.63.
Otter Tail Corporation (NASDAQ:OTTR) last issued its earnings results on Monday, August 7th. The utilities provider reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.01. The business had revenue of $212.10 million during the quarter, compared to the consensus estimate of $211.30 million. Otter Tail Corporation had a return on equity of 10.14% and a net margin of 8.35%. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.41 EPS. Equities analysts anticipate that Otter Tail Corporation will post $1.75 EPS for the current fiscal year.
Several brokerages recently weighed in on OTTR. Zacks Investment Research cut Otter Tail Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th. BidaskClub cut Otter Tail Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, June 22nd.
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In other news, CFO Kevin G. Moug sold 1,500 shares of the stock in a transaction that occurred 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 Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.40% of the company’s stock.
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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