Otter Tail (OTTR) Expected to Announce Earnings on Monday

Otter Tail (NASDAQ:OTTR - Get Free Report) 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 that are interested in participating in the company's earnings conference call can do so using this link.

Otter Tail Stock Performance

Shares of OTTR traded up $0.38 on Thursday, reaching $80.70. 183,475 shares of the company's stock traded hands, compared to its average volume of 220,972. 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 cap of $3.38 billion, a PE ratio of 11.15 and a beta of 0.57. The stock's 50 day simple moving average is $76.59 and its two-hundred day simple moving average is $80.11. Otter Tail has a 52-week low of $71.66 and a 52-week high of $100.84.

Otter Tail Increases Dividend

The firm 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 dividend on an annualized basis and a dividend yield of 2.60%. 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. Otter Tail's dividend payout ratio (DPR) is presently 25.83%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on OTTR. StockNews.com raised Otter Tail from a "sell" rating to a "hold" rating in a research report on Thursday, November 14th. Siebert Williams Shank raised 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.