Otter Tail Corporation Announces Third Quarter Earnings, Reaffirms 2016 Earnings Guidance Range; Board of Directors Declares Quarterly Dividend
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Otter Tail Corp (OTTR) Declares $0.3125 Quarterly Dividend; 3.6% Yield
November 2, 2016 6:40 PM EDTOtter Tail Corp (NASDAQ: OTTR) declared a quarterly dividend of $0.3125 per share, or $1.25 annualized.
The dividend will be payable on December 10, 2016, to stockholders of record on November 15, 2016, with an ex-dividend date of November 10, 2016.
The annual yield on the dividend is 3.6... More
Otter Tail Corp (OTTR) Misses Q3 Views; Reaffirms
November 2, 2016 6:40 PM EDTOtter Tail Corp (NASDAQ: OTTR) reported Q3 EPS of $0.37, $0.08 worse than the analyst estimate of $0.45 (1 estimate). Revenue for the quarter came in at $197.2 million versus the consensus estimate of $204 million (1 estimate.
GUIDANCE:
Otter Tail Corp sees FY2016 EPS of $1.50-$1.65, versus the consensus of $1.65.
Otter Tail's employees worked hard to overcome a number of challenges this quarter, and we remain confident in our plans and in our full year expectations, said Otter Tail Corporation President and CEO Chuck MacFarlane.
Electric segment results were negatively impacted by $0.03 per diluted... More
