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

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

Powell Industries Trading Down 0.0 %

NASDAQ POWL traded down $0.01 during mid-day trading on Thursday, reaching $244.84. 588,692 shares of the company’s stock traded hands, compared to its average volume of 495,763. Powell Industries has a 1-year low of $122.00 and a 1-year high of $364.98. The company has a fifty day simple moving average of $250.13 and a 200-day simple moving average of $229.14. The company has a market cap of $2.95 billion, a price-to-earnings ratio of 19.92, a P/E/G ratio of 1.25 and a beta of 0.87.

Powell Industries Increases Dividend

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

Insider Buying and Selling at Powell Industries

In related news, major shareholder Thomas W. Powell sold 5,000 shares of Powell Industries stock in a transaction dated 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 trade represents a 0.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

POWL has been the topic of several analyst reports. Roth Mkm assumed coverage on Powell Industries in a report on Wednesday, December 11th. They set a “buy” rating and a $312.00 target price on the stock. Roth Capital upgraded shares of Powell Industries to a “strong-buy” rating in a research note on Tuesday, December 10th. Finally, StockNews.com downgraded shares of Powell Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, January 22nd.

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.