Otter Tail Corporation (OTTR) Releases Earnings Results, Beats Expectations By $0.03 EPS

Otter Tail Corporation (OTTR) reported quarterly earnings results on Monday, Aug-8-2016. The company said it had a profit of $0.41 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.38. The company posted revenue of $203.50 million in the period. The company’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 EPS.

Otter Tail Corporation opened for trading at $34.52 and hit $34.77 on the upside on Friday, eventually ending the session at $34.6, with a gain of 0.06% or 0.02 points. The heightened volatility saw the trading volume jump to 93,452 shares. Company has a market cap of $1,319 M.

In a different news, on Aug 18, 2015, George A Koeck (Sr VP, Gen Coun & Corp Sec) sold 2,500 shares at $27.69 per share price.

Otter Tail Corporation is a holding company through its subsidiaries operates in three segments: Electric Manufacturing and Plastics. The Company is engaged in the production transmission distribution and sale of electric energy in Minnesota North Dakota and South Dakota. It also conducts manufacturing activities such as contract machining metal parts stamping and fabrication and production of material and handling trays horticultural containers and produce packaging. It is also involved in producing polyvinyl chloride (PVC) pipe at plants in North Dakota and Arizona. Otter Tail Power Company (OTP) is a wholly owned subsidiary of the company. The Company’s manufacturing and plastic pipe businesses are owned by its wholly owned subsidiary Varistar Corporation (Varistar).

Otter Tail Corporation

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