Otter Tail (OTTR) Receiving Somewhat Negative Press Coverage, Accern Reports

Media headlines about Otter Tail (NASDAQ:OTTR) have been trending somewhat negative on Sunday, Accern reports. Accern ranks the sentiment of press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Otter Tail earned a news impact score of -0.10 on Accern’s scale. Accern also assigned news stories about the utilities provider an impact score of 46.36812264961 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Here are some of the news headlines that may have impacted Accern’s rankings:

Shares of OTTR opened at $48.45 on Friday. The stock has a market cap of $1.91 billion, a PE ratio of 26.05 and a beta of 0.66. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.92 and a current ratio of 1.45. Otter Tail has a 1-year low of $39.00 and a 1-year high of $49.75.

Otter Tail (NASDAQ:OTTR) last announced its earnings results on Monday, August 6th. The utilities provider reported $0.47 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.47. Otter Tail had a net margin of 9.09% and a return on equity of 11.81%. The firm had revenue of $226.30 million for the quarter, compared to analyst estimates of $224.80 million. During the same quarter in the previous year, the firm posted $0.42 EPS. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. research analysts expect that Otter Tail will post 2 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 10th. Investors of record on Wednesday, August 15th will be paid a dividend of $0.335 per share. This represents a $1.34 annualized dividend and a yield of 2.77%. The ex-dividend date of this dividend is Tuesday, August 14th. Otter Tail’s payout ratio is currently 72.04%.

OTTR has been the topic of several research reports. BidaskClub cut shares of Otter Tail from a “buy” rating to a “hold” rating in a research report on Wednesday, July 25th. Zacks Investment Research cut shares of Otter Tail from a “buy” rating to a “hold” rating in a research report on Wednesday, July 11th. ValuEngine upgraded shares of Otter Tail from a “hold” rating to a “buy” rating in a research report on Wednesday, June 20th. Finally, Williams Capital lowered shares of Otter Tail from a “hold” rating to a “sell” rating and set a $42.00 price target on the stock. in a report on Thursday, May 31st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $45.67.

In related news, CFO Kevin G. Moug sold 1,500 shares of the business’s stock in a transaction dated Tuesday, May 15th. The shares were sold at an average price of $43.48, for a total transaction of $65,220.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.70% of the company’s stock.

Otter Tail Company Profile

Otter Tail Corporation, together with its subsidiaries, engages in electric, manufacturing, and plastics businesses in the United States. The company's 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, Inc markets.

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