Otelco (OTEL) to Release Quarterly Earnings on Tuesday

Otelco (NASDAQ:OTEL) will be posting its quarterly earnings results after the market closes on Tuesday, November 5th. Individual that wish to register for the company’s earnings conference call can do so using this link.

Otelco (NASDAQ:OTEL) last issued its quarterly earnings data on Tuesday, August 13th. The company reported $0.50 earnings per share (EPS) for the quarter. The firm had revenue of $15.66 million for the quarter. Otelco had a net margin of 13.40% and a return on equity of 72.29%.

Shares of OTEL opened at $11.75 on Tuesday. The firm has a market cap of $40.30 million, a P/E ratio of 4.77 and a beta of 0.80. Otelco has a 12-month low of $11.00 and a 12-month high of $18.31. The company’s 50-day moving average price is $11.72 and its 200 day moving average price is $14.29. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 4.57.

Separately, ValuEngine upgraded shares of Otelco from a “hold” rating to a “buy” rating in a report on Saturday, October 5th.

In related news, major shareholder Ira Sochet acquired 44,993 shares of Otelco stock in a transaction that occurred on Thursday, August 15th. The shares were purchased at an average cost of $11.44 per share, for a total transaction of $514,719.92. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last 90 days, insiders purchased 108,325 shares of company stock worth $1,178,789. 4.60% of the stock is owned by insiders.

Otelco Company Profile

Otelco Inc provides a range of telecommunications services on a retail and wholesale basis. The company offers local services, including voice lines that provide local dial tone and calling features, such as caller identification, call waiting, call forwarding, and voicemail; long distance services; billing and collection services for other carriers under contract; and directory advertising services.

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Earnings History for Otelco (NASDAQ:OTEL)

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