Headlines about Otter Tail Corporation (NASDAQ:OTTR) have been trending somewhat positive on Saturday, Accern Sentiment Analysis reports. The research firm identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Otter Tail Corporation earned a media sentiment score of 0.06 on Accern’s scale. Accern also gave media headlines about the utilities provider an impact score of 47.6412094904029 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the media headlines that may have effected Accern’s rankings:
- Otter Tail’s (OTTR) CEO Chuck MacFarlane on Q3 2017 Results – Earnings Call Transcript (seekingalpha.com)
- ETFs with exposure to Otter Tail Corp. : November 2, 2017 (finance.yahoo.com)
- Edited Transcript of OTTR earnings conference call or presentation 2-Nov-17 3:00pm GMT (finance.yahoo.com)
- Otter Tail Corporation (OTTR) Declares $0.32 Quarterly Dividend (americanbankingnews.com)
- Otter Tail Corporation Announces Third Quarter Earnings; Raises 2017 Earnings Guidance to be in the Range of $1.75 to $1.85; Board of Directors Declares Quarterly Dividend (finance.yahoo.com)
Shares of Otter Tail Corporation (NASDAQ OTTR) traded up $0.40 on Friday, hitting $46.10. The stock had a trading volume of 68,001 shares, compared to its average volume of 66,680. The stock has a market cap of $1.85 billion, a PE ratio of 25.94 and a beta of 0.81. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.56 and a current ratio of 0.93.
Otter Tail Corporation (NASDAQ:OTTR) last released its earnings results on Wednesday, November 1st. The utilities provider reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.06. The firm had revenue of $216.50 million for the quarter, compared to analysts’ expectations of $201.70 million. Otter Tail Corporation had a return on equity of 10.52% and a net margin of 8.53%. The company’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.37 earnings per share. equities research analysts forecast that Otter Tail Corporation will post 1.76 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Saturday, December 9th. Stockholders of record on Wednesday, November 15th will be paid 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 2.78%. Otter Tail Corporation’s dividend payout ratio is 71.11%.
A number of analysts have weighed in on OTTR shares. BidaskClub lowered Otter Tail Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Zacks Investment Research upgraded Otter Tail Corporation from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a report on Tuesday, August 15th. Finally, KeyCorp reiterated a “hold” rating on shares of Otter Tail Corporation in a report on Friday, October 20th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $43.33.
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In other news, CFO Kevin G. Moug sold 1,500 shares of the company’s 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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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