Otter Tail (OTTR) to Release Quarterly Earnings on Monday

Otter Tail (NASDAQ:OTTR) will likely be announcing its earnings results after the market closes on Monday, February 17th. Analysts expect the company to announce earnings of $1.26 per share and revenue of $314.75 million for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Otter Tail Trading Down 4.6 %

Shares of OTTR opened at $76.99 on Friday. The company has a current ratio of 2.17, a quick ratio of 1.66 and a debt-to-equity ratio of 0.58. Otter Tail has a 12-month low of $71.66 and a 12-month high of $100.84. The firm has a 50-day moving average price of $76.64 and a 200 day moving average price of $80.11. The firm has a market capitalization of $3.22 billion, a P/E ratio of 10.63 and a beta of 0.57.

Otter Tail Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be given a $0.525 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.10 dividend on an annualized basis and a yield of 2.73%. This is a boost from Otter Tail’s previous quarterly dividend of $0.47. Otter Tail’s dividend payout ratio is presently 25.83%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. StockNews.com raised shares of Otter Tail from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. Siebert Williams Shank raised shares of Otter Tail from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 6th.

Otter Tail Company Profile

Otter Tail Corporation, together with its subsidiaries, engages in electric utility, manufacturing, and plastic pipe businesses in the United States. It operates through three segments: Electric, Manufacturing, and Plastics. The Electric segment produces, transmits, distributes, and sells electric energy in Minnesota, North Dakota, and South Dakota; and operates as a participant in the Midcontinent Independent System Operator markets.