Otter Tail (OTTR) to Release Earnings on Monday

Otter Tail (NASDAQ:OTTR) is expected to release its earnings data after the market closes on Monday, February 17th. Analysts expect Otter Tail to post earnings of $1.26 per share and revenue of $314.75 million for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Otter Tail Trading Down 4.6 %

NASDAQ: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. The stock has a market capitalization of $3.22 billion, a PE ratio of 10.63 and a beta of 0.57. The firm’s 50 day moving average is $76.62 and its 200 day moving average is $79.86. Otter Tail has a 12 month low of $71.66 and a 12 month high of $100.84.

Otter Tail Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.525 per share. This is a boost from Otter Tail’s previous quarterly dividend of $0.47. 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%. Otter Tail’s payout ratio is presently 25.83%.

Wall Street Analyst Weigh In

OTTR has been the subject of a number of analyst reports. StockNews.com upgraded shares of Otter Tail from a “sell” rating to a “hold” rating in a 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 note 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.