Otter Tail Corporation (OTTR) To Go Ex-Dividend on November 14th
Otter Tail Corporation (NASDAQ:OTTR) announced a quarterly dividend on Thursday, November 2nd, Wall Street Journal reports. Investors of record on Wednesday, November 15th will be given a dividend of 0.32 per share by the utilities provider on Saturday, December 9th. This represents a $1.28 annualized dividend and a dividend yield of 2.81%. The ex-dividend date of this dividend is Tuesday, November 14th.
Shares of Otter Tail Corporation (NASDAQ:OTTR) opened at $45.60 on Monday. The company has a quick ratio of 0.61, a current ratio of 0.93 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $1,803.82, a PE ratio of 25.33 and a beta of 0.81. Otter Tail Corporation has a fifty-two week low of $34.05 and a fifty-two week high of $47.45.
Otter Tail Corporation (NASDAQ:OTTR) last released its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $0.45 earnings per share for the quarter, beating the consensus estimate 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 firm’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.37 earnings per share. research analysts anticipate that Otter Tail Corporation will post 1.78 EPS for the current fiscal year.
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Several research firms 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 price objective for the company in a report on Tuesday, November 7th. BidaskClub upgraded shares of Otter Tail Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Finally, KeyCorp reiterated a “hold” rating on shares of Otter Tail Corporation in a report on Friday, October 20th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $44.67.
In other Otter Tail Corporation news, CFO Kevin G. Moug sold 1,500 shares of the business’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $41.75, for a total value of $62,625.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.40% of the company’s stock.
Otter Tail Corporation 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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