Otter Tail Corporation (NASDAQ:OTTR) – Investment analysts at KeyCorp issued their Q4 2017 EPS estimates for shares of Otter Tail Corporation in a research note issued to investors on Thursday, according to Zacks Investment Research. KeyCorp analyst P. Ridzon expects that the utilities provider will earn $0.44 per share for the quarter. KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for Otter Tail Corporation’s FY2018 earnings at $1.85 EPS.
Several other brokerages have also commented on OTTR. Zacks Investment Research lowered Otter Tail Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th. BidaskClub upgraded Otter Tail Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $44.67.
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Otter Tail Corporation (NASDAQ:OTTR) opened at $46.85 on Monday. The company has a current ratio of 0.93, a quick ratio of 0.61 and a debt-to-equity ratio of 0.71. Otter Tail Corporation has a 52-week low of $35.65 and a 52-week high of $47.45. The company has a market capitalization of $1,815.69, a P/E ratio of 25.50 and a beta of 0.81.
Otter Tail Corporation (NASDAQ:OTTR) last posted its earnings results on Wednesday, November 1st. The utilities provider reported $0.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.06. Otter Tail Corporation had a net margin of 8.53% and a return on equity of 10.47%. The business had revenue of $216.50 million for the quarter, compared to analysts’ expectations of $201.70 million. During the same quarter in the prior year, the business earned $0.37 EPS. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year.
Institutional investors have recently bought and sold shares of the company. Old Mutual Global Investors UK Ltd. purchased a new stake in shares of Otter Tail Corporation in the second quarter valued at approximately $107,000. North Star Investment Management Corp. boosted its stake in Otter Tail Corporation by 91.9% during the second quarter. North Star Investment Management Corp. now owns 2,905 shares of the utilities provider’s stock worth $115,000 after buying an additional 1,391 shares during the last quarter. Ameritas Investment Partners Inc. boosted its stake in Otter Tail Corporation by 9.8% during the second quarter. Ameritas Investment Partners Inc. now owns 3,453 shares of the utilities provider’s stock worth $137,000 after buying an additional 309 shares during the last quarter. C M Bidwell & Associates Ltd. acquired a new position in Otter Tail Corporation during the second quarter worth $173,000. Finally, Amalgamated Bank acquired a new position in Otter Tail Corporation during the third quarter worth $212,000. Institutional investors and hedge funds own 40.45% of the company’s stock.
The business also recently declared a quarterly dividend, which will be paid on Saturday, December 9th. Shareholders of record on Wednesday, November 15th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date is Tuesday, November 14th. Otter Tail Corporation’s payout ratio is presently 71.11%.
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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