Otter Tail (NASDAQ:OTTR) Posts Quarterly Earnings Results, Beats Estimates By $0.04 EPS

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

Otter Tail Trading Up 6.1 %

Shares of OTTR stock opened at $81.67 on Wednesday. The company has a 50 day moving average price of $76.58 and a 200 day moving average price of $79.61. The stock has a market capitalization of $3.42 billion, a P/E ratio of 11.28 and a beta of 0.57. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.66 and a current ratio of 2.17. Otter Tail has a fifty-two week low of $71.66 and a fifty-two week high of $100.84.

Otter Tail Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 14th will be paid a dividend of $0.525 per share. This is a positive change from Otter Tail’s previous quarterly dividend of $0.47. The ex-dividend date is Friday, February 14th. This represents a $2.10 annualized dividend and a yield of 2.57%. Otter Tail’s dividend payout ratio is presently 29.01%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on OTTR shares. StockNews.com upgraded Otter Tail from a “sell” rating to a “hold” rating in a research 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.