Otter Tail (NASDAQ:OTTR) Announces Quarterly Earnings Results

Otter Tail (NASDAQ:OTTR - Get Free Report) announced its quarterly earnings data on Monday. The utilities provider reported $1.30 EPS for the quarter, beating the consensus estimate of $1.26 by $0.04, Zacks reports. The firm had revenue of $303.11 million for the quarter, compared to analyst estimates of $314.75 million. Otter Tail had a return on equity of 18.96% and a net margin of 22.67%.

Otter Tail Trading Down 0.0 %

OTTR traded down $0.02 on Friday, hitting $81.43. 204,196 shares of the company were exchanged, compared to its average volume of 237,272. The firm has a fifty day simple moving average of $76.80 and a two-hundred day simple moving average of $79.55. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.66 and a current ratio of 2.03. Otter Tail has a 12 month low of $71.66 and a 12 month high of $100.84. The stock has a market capitalization of $3.41 billion, a PE ratio of 11.36 and a beta of 0.57.

Otter Tail Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 2.58%. This is a positive change from Otter Tail's previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Friday, February 14th. Otter Tail's dividend payout ratio (DPR) is presently 29.29%.

Wall Street Analysts Forecast Growth

OTTR has been the topic of several recent research reports. StockNews.com upgraded Otter Tail from a "sell" rating to a "hold" rating in a research report on Thursday, November 14th. Siebert Williams Shank upgraded 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.