Otter Tail Corporation (NASDAQ:OTTR) – KeyCorp issued their Q4 2017 EPS estimates for shares of Otter Tail Corporation in a report released on Thursday. KeyCorp analyst P. Ridzon forecasts that the utilities provider will earn $0.44 per share for the quarter. KeyCorp currently has a “Hold” rating on the stock. KeyCorp also issued estimates for Otter Tail Corporation’s FY2018 earnings at $1.85 EPS.

Otter Tail Corporation (NASDAQ:OTTR) last issued its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $0.45 EPS for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.06. Otter Tail Corporation had a return on equity of 10.52% and a net margin of 8.53%. The company had revenue of $216.50 million during the quarter, compared to the consensus estimate of $201.70 million. During the same period last year, the business posted $0.37 earnings per share. Otter Tail Corporation’s revenue was up 9.8% on a year-over-year basis.

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Several other equities analysts have also weighed in on the company. Zacks Investment Research lowered Otter Tail Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th. BidaskClub raised Otter Tail Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Otter Tail Corporation currently has an average rating of “Hold” and a consensus target price of $43.33.

Otter Tail Corporation (NASDAQ:OTTR) opened at $46.10 on Monday. The firm has a market cap of $1,823.60, a price-to-earnings ratio of 25.61 and a beta of 0.81. The company has a quick ratio of 0.56, a current ratio of 0.93 and a debt-to-equity ratio of 0.71.

Several institutional investors have recently bought and sold shares of the company. Eqis Capital Management Inc. boosted its holdings in shares of Otter Tail Corporation by 1.8% in the second quarter. Eqis Capital Management Inc. now owns 7,425 shares of the utilities provider’s stock worth $294,000 after acquiring an additional 129 shares during the period. Legal & General Group Plc boosted its stake in Otter Tail Corporation by 1.3% during the second quarter. Legal & General Group Plc now owns 12,318 shares of the utilities provider’s stock valued at $490,000 after buying an additional 160 shares during the period. Principal Financial Group Inc. boosted its stake in Otter Tail Corporation by 3.2% during the second quarter. Principal Financial Group Inc. now owns 8,477 shares of the utilities provider’s stock valued at $336,000 after buying an additional 260 shares during the period. 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 valued at $137,000 after buying an additional 309 shares during the period. Finally, Advisor Group Inc. boosted its stake in Otter Tail Corporation by 5.3% during the second quarter. Advisor Group Inc. now owns 7,879 shares of the utilities provider’s stock valued at $312,000 after buying an additional 400 shares during the period. 40.48% of the stock is owned by hedge funds and other institutional investors.

In other news, CFO Kevin G. Moug sold 1,500 shares of the firm’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $41.75, for a total value of $62,625.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.40% of the stock is owned by company insiders.

The business also recently declared a quarterly dividend, which will be paid on Saturday, December 9th. Stockholders 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 dividend yield of 2.78%. The ex-dividend date is Tuesday, November 14th. Otter Tail Corporation’s payout ratio is currently 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).

Earnings History and Estimates for Otter Tail Corporation (NASDAQ:OTTR)

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