Revenue Update on Otter Tail Corporation(NASDAQ:OTTR)

Otter Tail Corporation(NASDAQ:OTTR) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Feb 6, 2017. Company reported revenue of $196.640M. Analysts estimated a revenue of $192.400M. The revenues were 2.2% above the estimates. Earnings per share were $0.44. The reported EPS was above estimates by 2.33%. Analysts had estimated an EPS of $0.43.

Otter Tail Corporation (OTTR) made into the market gainers list on Tuesdays trading session with the shares advancing 0.66% or 0.25 points. Due to strong positive momentum, the stock ended at $38.15, which is also near the day’s high of $39.25. The stock began the session at $38 and the volume stood at 1,24,707 shares. The 52-week high of the shares is $42.55 and the 52 week low is $26.09. The company has a current market capitalization of $1,498 M and it has 3,92,68,205 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jan 9, 2017, Paul L Knutson (VP of Human Resources) sold 500 shares at $39.80 per share price.Also, On Nov 21, 2016, John D Erickson (director) sold 2,900 shares at $37.33 per share price.On Nov 10, 2016, Kevin G Moug (CFO & Sr VP) sold 800 shares at $35.20 per share price, according to the Form-4 filing with the securities and exchange commission.

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).

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