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Last $25.92 USD
Change Today +0.10 / 0.39%
Volume 87.2K
OTTR On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 8:10 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

otter tail corp (OTTR) Snapshot

Open
$25.76
Previous Close
$25.82
Day High
$26.24
Day Low
$25.73
52 Week High
03/25/15 - $33.44
52 Week Low
07/27/15 - $24.82
Market Cap
971.6M
Average Volume 10 Days
70.8K
EPS TTM
$1.50
Shares Outstanding
37.5M
EX-Date
05/13/15
P/E TM
17.3x
Dividend
$1.23
Dividend Yield
4.71%
Current Stock Chart for OTTER TAIL CORP (OTTR)

otter tail corp (OTTR) Related Businessweek News

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otter tail corp (OTTR) Details

Otter Tail Corporation engages electric utility and infrastructure businesses in the United States, Canada, and Mexico. It operates in three segments: Electric, Manufacturing, and Plastics. The Electric segment produces, transmits, distributes, and sells electric energy in Minnesota, North Dakota, and South Dakota, as well as operates as a wholesale participant in the Midcontinent Independent System Operator, Inc. markets. This segment serves approximately 130,000 customers. The Manufacturing segment stamps, fabricates, welds, and laser cuts metal components for use in the recreational vehicle, agricultural, lawn and garden, industrial equipment, health and fitness, and enclosure industries; and manufactures and fabricates parts for off-road equipment, mining machinery, oil fields and offshore oil rigs, wind industry components, broadcast antennae, and farm equipment for equipment manufacturers. This segment also manufactures and sells thermoformed products for the horticulture industry; and produces products, such as clamshell packing, blister packs, returnable pallets, and handling trays for shipping and storing odd-shaped or difficult-to-handle parts. The Plastics segment manufactures and sells polyvinyl chloride pipes for municipal water, rural water, wastewater, storm drainage and water reclamation system, and other uses. The company was formerly known as Otter Tail Power Company and changed its name to Otter Tail Corporation in 2001. Otter Tail Corporation was founded in 1907 and is headquartered in Fergus Falls, Minnesota.

1,893 Employees
Last Reported Date: 03/2/15
Founded in 1907

otter tail corp (OTTR) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $487.2K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $446.6K
Senior Vice President of Electric Platform an...
Total Annual Compensation: $274.4K
Senior Vice President, General Counsel and Co...
Total Annual Compensation: $435.9K
Compensation as of Fiscal Year 2014.

otter tail corp (OTTR) Key Developments

Otter Tail Corporation Enters into Distribution Agreement with J.P. Morgan Securities LLC

On May 11, 2015, Otter Tail Corporation entered into a Distribution Agreement with J.P. Morgan Securities LLC (JPMS). Pursuant to the terms of the Agreement, the company may offer and sell its common shares, par value $5.00 per share, from time to time through JPMS, as the company's distribution agent for the offer and sale of the shares, up to an aggregate sales price of $75,000,000 (the Shares). Under the Agreement, the company will designate the minimum price and maximum number of Shares to be sold through JPMS on any given trading day or over a specified period of trading days, and JPMS will use commercially reasonable efforts to sell such shares on such days, subject to certain conditions. Sales of the Shares, if any, will be made by means of ordinary brokers' transactions on the NASDAQ Global Select Market at market prices or as otherwise agreed with JPMS. The company may also agree to sell shares to JPMS, as principal for its own account, on terms agreed by the company and JPMS in a separate agreement at the time of sale. JPMS will receive from the company a commission of up to 2% of the gross sales price per Share for any Shares sold through it as the company's distribution agent under the Agreement.

Otter Tail Corporation Announces Unaudited Consolidated Financial Results for the First Quarter Ended March 31, 2015; Revises Earnings Guidance for the Year of 2015; Reports Goodwill Impairment Charge for the First Quarter Ended March 31, 2015

Otter Tail Corporation announced unaudited consolidated financial results for the first quarter ended March 31, 2015. For the quarter, the company reported total operating revenues of $202,841,000 against $214,966,000 a year ago. Total operating income was $25,025,000 against $35,401,000 a year ago. Net income from continuing operations was $13,781,000 or $0.37 per basic and diluted share against $21,779,000 or $0.60 per basic and diluted share a year ago. Net income was $17,935,000 or $0.48 per basic and diluted share against $21,430,000 or $0.59 per basic and diluted share a year ago. Net cash used in operating activities was $8,350,000 against $19,057,000 a year ago. Contributing to the decrease in cash used in continuing operations between the quarters was a $10.0 million decrease in discretionary contributions to the corporation’s pension plan. Capital Expenditures were $35,738,000 against $37,311,000 a year ago. For the first quarter of 2015, the company reported goodwill impairment charge of $1,000,000. The corporation is revising its consolidated diluted earnings per share guidance for 2015 to be in the range of $1.50 to $1.65 from its previously announced range of $1.65 to $1.80. This updated guidance reflects the current mix of businesses owned by the corporation. Expected return on equity is to be between from 9.5% to 10.4%. It considers the cyclical nature of some of the corporation’s businesses and reflects challenges, as well as the corporation’s plans and strategies for improving future operating results. Sales volumes in 2015 are expected to be slightly lower compared to 2014. The company remains confident that it is in a position to achieve a 4% to 7% compounded growth rate in earnings per share using 2013 as adjusted for the base year. The company is lowering its previous 2015 guidance for the Electric segment, primarily from lower-than-expected first quarter earnings, driven in part due to warmer than normal weather but also as a result of factors that will persist through the rest of the year.

Otter Tail Corporation Declares Quarterly Common Stock Dividend, Payable on June 10, 2015

The board of directors of Otter Tail Corporation declared a quarterly common stock dividend of $0.3075 per share. This dividend is payable June 10, 2015 to shareholders of record on May 15, 2015.

 

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Industry Analysis

OTTR

Industry Average

Valuation OTTR Industry Range
Price/Earnings 19.6x
Price/Sales 1.2x
Price/Book 1.7x
Price/Cash Flow 8.6x
TEV/Sales 0.5x
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