Otter Tail (NASDAQ:OTTR) Issues Earnings Results

Otter Tail (NASDAQ:OTTR) posted its quarterly earnings data on Monday. The utilities provider reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.04, Zacks reports. Otter Tail had a return on equity of 19.84% and a net margin of 22.70%. The firm had revenue of $303.11 million for the quarter, compared to analyst estimates of $314.75 million.

Otter Tail Price Performance

Shares of NASDAQ OTTR traded up $0.29 during mid-day trading on Wednesday, hitting $81.96. 11,959 shares of the stock traded hands, compared to its average volume of 231,304. The company has a market cap of $3.43 billion, a PE ratio of 11.35 and a beta of 0.57. Otter Tail has a twelve month low of $71.66 and a twelve month high of $100.84. The firm has a 50 day simple moving average of $76.58 and a two-hundred day simple moving average of $79.61. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.17 and a quick ratio of 1.66.

Otter Tail Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be issued a dividend of $0.525 per share. This is an increase 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 annualized dividend and a dividend yield of 2.56%. Otter Tail’s dividend payout ratio (DPR) is 29.01%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. StockNews.com upgraded Otter Tail from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. Siebert Williams Shank raised Otter Tail from a “strong sell” rating to a “hold” rating in a 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.