Otter Tail Corporation (NASDAQ:OTTR) is reporting third quarter financial results on Monday 2nd November 2020, after market close.
According to analysts surveyed by Thomson Reuters, OTTR is expected to report 3Q20 income of $ 0.65 per share from revenue of $ 230.43 million.
For the full year, analysts anticipate top line of $ 882.08 million, while looking forward to income of $ 2.25 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 2.10 ~ $ 2.30 per share
Click Here For More Historical Outlooks Of Otter Tail Corporation
Previous Quarter Performance
Otter Tail Corporation posted income for the second quarter of $ 0.42 per share, from the revenue of $ 192.76 million. The quarterly earnings swell 7.69 percent compared with the same quarter last year. According to street consensus, OTTR was expected to report 2Q20 income of $ 0.32 per share from revenue of $ 204.93 million. The bottom line results beat street analysts by $ 0.1 or 31.25 percent, at the same time, top line results fell short of analysts by $ 12.17 million or 5.94 percent.
Stock Performance
On Friday, shares of Otter Tail Corporation has traded high as $ 38.62 and has cracked $ 38.01 on the downward trend, reaching $ 38.35 with volume of 125.80 thousand shares.
According to the previous trading day, closing price of $ 38.35, representing a 23.59 % increase from the 52 week low of $ 30.95 and a 33.4 % decrease over the 52 week high of $ 57.43.
The company has a market capital of $ 1.58 billion and is part of the Utilities sector and Utilities – Diversified industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.37 per share on August 3, 2020. The dividend were payable on September 10, 2020 to holders of record as of the close of business on August 14, 2020 and ex-dividend date on August 13, 2020.
Otter Tail Corporation, together with its subsidiaries, engages in electric, manufacturing, and plastics businesses in the United States. The companys 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.
