News stories about Otter Tail (NASDAQ:OTTR) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Otter Tail earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave news headlines about the utilities provider an impact score of 46.1667370121363 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Shares of NASDAQ:OTTR traded up $0.15 on Thursday, hitting $48.40. 6,492 shares of the company were exchanged, compared to its average volume of 54,605. Otter Tail has a 1-year low of $39.00 and a 1-year high of $49.75. The company has a current ratio of 1.44, a quick ratio of 0.90 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $1.90 billion, a P/E ratio of 26.02 and a beta of 0.54.
Otter Tail (NASDAQ:OTTR) last posted its quarterly earnings data on Monday, August 6th. The utilities provider reported $0.47 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.47. Otter Tail had a net margin of 9.09% and a return on equity of 11.74%. The business had revenue of $226.30 million during the quarter, compared to the consensus estimate of $224.80 million. During the same period in the previous year, the firm posted $0.42 earnings per share. The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. equities analysts forecast that Otter Tail will post 2 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 10th. Investors of record on Wednesday, August 15th will be given a dividend of $0.335 per share. The ex-dividend date of this dividend is Tuesday, August 14th. This represents a $1.34 dividend on an annualized basis and a yield of 2.77%. Otter Tail’s dividend payout ratio is presently 72.04%.
OTTR has been the subject of several research reports. Williams Capital downgraded shares of Otter Tail from a “hold” rating to a “sell” rating and set a $42.00 price objective for the company. in a research note on Thursday, May 31st. BidaskClub upgraded shares of Otter Tail from a “hold” rating to a “buy” rating in a research note on Saturday, August 18th. ValuEngine downgraded shares of Otter Tail from a “buy” rating to a “hold” rating in a research note on Monday, June 11th. Finally, Zacks Investment Research upgraded shares of Otter Tail from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a research note on Friday, May 11th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $45.67.
Otter Tail Company Profile
Otter Tail Corporation, together with its subsidiaries, engages in electric, manufacturing, and plastics businesses in the United States. The company's 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, Inc markets.
Read More: Technical Analysis
Receive News & Ratings for Otter Tail Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Otter Tail and related companies with MarketBeat.com's FREE daily email newsletter.