Q3 2024 Earnings Forecast for Powell Industries, Inc. Issued By Sidoti Csr (NASDAQ:POWL)

Powell Industries, Inc. (NASDAQ:POWL) – Investment analysts at Sidoti Csr boosted their Q3 2024 EPS estimates for shares of Powell Industries in a research report issued to clients and investors on Wednesday, May 1st. Sidoti Csr analyst J. Franzreb now anticipates that the industrial products company will post earnings of $2.12 per share for the quarter, up from their prior forecast of $1.81. The consensus estimate for Powell Industries’ current full-year earnings is $7.54 per share. Sidoti Csr also issued estimates for Powell Industries’ Q4 2024 earnings at $2.19 EPS, FY2024 earnings at $9.04 EPS, Q1 2025 earnings at $2.02 EPS, Q2 2025 earnings at $2.30 EPS, Q3 2025 earnings at $2.27 EPS and FY2025 earnings at $8.99 EPS.

Powell Industries (NASDAQ:POWL) last released its earnings results on Tuesday, April 30th. The industrial products company reported $2.75 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.86. The company had revenue of $255.10 million during the quarter, compared to analysts’ expectations of $201.45 million. Powell Industries had a net margin of 12.05% and a return on equity of 27.93%. Powell Industries’s revenue for the quarter was up 48.8% on a year-over-year basis. During the same period last year, the business earned $0.70 EPS.

Separately, StockNews.com cut shares of Powell Industries from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 1st.

Powell Industries Stock Down 5.5 %

POWL stock opened at $160.58 on Friday. The firm has a 50 day moving average of $148.22 and a 200 day moving average of $112.53. The stock has a market capitalization of $1.93 billion, a PE ratio of 19.07, a price-to-earnings-growth ratio of 1.61 and a beta of 0.79. Powell Industries has a 52 week low of $45.97 and a 52 week high of $197.87.

Powell Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Wednesday, May 15th will be issued a $0.265 dividend. This represents a $1.06 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend is Tuesday, May 14th. This is a positive change from Powell Industries’s previous quarterly dividend of $0.26. Powell Industries’s payout ratio is presently 12.59%.

Insider Buying and Selling

In related news, Director Christopher E. Cragg sold 9,000 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $155.13, for a total value of $1,396,170.00. Following the completion of the sale, the director now owns 12,360 shares of the company’s stock, valued at approximately $1,917,406.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, major shareholder Thomas W. Powell sold 6,000 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $151.36, for a total value of $908,160.00. Following the completion of the sale, the insider now owns 714,643 shares of the company’s stock, valued at $108,168,364.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christopher E. Cragg sold 9,000 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $155.13, for a total transaction of $1,396,170.00. Following the completion of the sale, the director now directly owns 12,360 shares of the company’s stock, valued at approximately $1,917,406.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 30,000 shares of company stock valued at $4,850,830. 2.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of POWL. Mutual of America Capital Management LLC acquired a new stake in shares of Powell Industries during the first quarter worth about $226,000. FORA Capital LLC acquired a new stake in shares of Powell Industries during the first quarter worth about $1,000,000. Daiwa Securities Group Inc. purchased a new stake in shares of Powell Industries during the first quarter worth approximately $450,000. Hussman Strategic Advisors Inc. purchased a new stake in shares of Powell Industries during the first quarter worth approximately $896,000. Finally, BNP Paribas Financial Markets increased its stake in shares of Powell Industries by 164.0% during the first quarter. BNP Paribas Financial Markets now owns 11,425 shares of the industrial products company’s stock worth $1,626,000 after buying an additional 7,098 shares during the period. Institutional investors and hedge funds own 89.77% 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.