Powell Industries (NASDAQ:POWL) Releases Earnings Results, Beats Expectations By $0.03 EPS

Powell Industries (NASDAQ:POWL) issued its quarterly earnings data on Thursday. The industrial products company reported $2.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.83 by $0.03, Zacks reports. Powell Industries had a return on equity of 35.68% and a net margin of 14.80%.

Powell Industries Trading Down 0.0 %

Shares of Powell Industries stock traded down $0.01 during mid-day trading on Thursday, hitting $244.84. 588,692 shares of the stock were exchanged, compared to its average volume of 495,763. The stock has a market capitalization of $2.95 billion, a price-to-earnings ratio of 19.92, a price-to-earnings-growth ratio of 1.25 and a beta of 0.87. Powell Industries has a twelve month low of $122.00 and a twelve month high of $364.98. The company has a 50-day simple moving average of $250.13 and a 200 day simple moving average of $229.14.

Powell Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 19th will be paid a $0.2675 dividend. This is an increase from Powell Industries’s previous quarterly dividend of $0.27. The ex-dividend date is Wednesday, February 19th. This represents a $1.07 annualized dividend and a yield of 0.44%. Powell Industries’s payout ratio is presently 8.62%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on POWL shares. Roth Mkm initiated coverage on Powell Industries in a research report on Wednesday, December 11th. They issued a “buy” rating and a $312.00 price target for the company. Roth Capital upgraded shares of Powell Industries to a “strong-buy” rating in a report on Tuesday, December 10th. Finally, StockNews.com downgraded Powell Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, January 22nd.

Insider Activity

In related news, major shareholder Thomas W. Powell sold 5,000 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $347.74, for a total value of $1,738,700.00. Following the completion of the transaction, the insider now directly owns 677,265 shares in the company, valued at approximately $235,512,131.10. This represents a 0.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 2.20% of the company’s stock.

Powell Industries Company Profile

Powell Industries, Inc, together with its subsidiaries, designs, develops, manufactures, sells, and services custom-engineered equipment and systems. The company’s principal products include integrated power control room substations, custom-engineered modules, electrical houses, medium-voltage circuit breakers, monitoring and control communications systems, motor control centers, switches, and bus duct systems, as well as traditional and arc-resistant distribution switchgears and control gears.