Otter Tail Corporation (NASDAQ:OTTR) diversified utilities firm, is reporting second quarter earnings results on Monday 3rd August 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.32 per share from $ 204.93 million in revenue.
For the full year, analysts predict revenues of $ 886.75 million, while looking forward to income of $ 2.17 per share.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 2.00 ~ $ 2.25 per share
Click Here For More Historical Outlooks Of Otter Tail Corporation
Previous Quarter Performance
Otter Tail Corporation posted income for the first quarter of $ 0.60 per share, from the revenue of $ 234.75 million. The quarterly earnings dropped 9.09 percent while revenues shrunk 4.56 percent compared with the same quarter last year.
Wall street analysts are predicting, OTTR to report 1Q20 income of $ 0.67 per share from revenue of $ 250.34 million. The bottom line results missed street analysts by $ 0.07 or 10.45 percent, at the same time, top line results fell short of analysts by $ 15.59 million or 6.23 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of OTTR was $ 38.25, representing a 23.59 % increase from the 52 week low of $ 30.95 and a 33.75 % decrease over the 52 week high of $ 57.74.
The company has a market capital of $ 1.55 billion and is part of the Utilities sector and Utilities – Diversified industry.
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Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.37 per share on May 5, 2020. The dividend were payable on June 10, 2020 to holders of record as of the close of business on May 15, 2020 and ex-dividend date on May 14, 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.
