Powell Industries, Inc. (NASDAQ:POWL) Shareholders to Collect $0.09 Quarterly Dividend

Powell Industries, Inc. (NASDAQ:POWL) declared a quarterly dividend on Tuesday, November 3rd. Investors of record on Wednesday, November 18th will be paid a dividend of $0.09 per share by the industrial products company on Wednesday, December 16th. This represents a $0.36 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Wednesday, November 18th.

Powell Industries has a payout ratio of 2.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Powell Industries to earn $6.87 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 5.2%.

Powell Industries Stock Performance

Shares of Powell Industries stock opened at $163.34 on Wednesday. The stock has a market cap of $5.95 billion, a P/E ratio of 31.35, a P/E/G ratio of 1.60 and a beta of 1.25. The stock’s fifty day moving average is $178.50 and its 200 day moving average is $212.21. Powell Industries has a one year low of $92.59 and a one year high of $328.00.

Powell Industries (NASDAQ:POWL) last released its quarterly earnings results on Monday, August 3rd. The industrial products company reported $1.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.07). Powell Industries had a net margin of 16.49% and a return on equity of 27.51%. The company had revenue of $311.74 million for the quarter, compared to the consensus estimate of $316.70 million. During the same period in the prior year, the firm posted $3.96 EPS. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. Analysts predict that Powell Industries will post 5.36 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently commented on POWL. JPMorgan Chase & Co. decreased their price objective on Powell Industries from $300.00 to $250.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 13th. Glj Research raised Powell Industries from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. Weiss Ratings downgraded Powell Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, August 19th. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $235.00 target price on shares of Powell Industries in a report on Thursday, October 1st. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Powell Industries currently has an average rating of “Moderate Buy” and an average target price of $187.92.

Powell Industries Company Profile

Powell Industries, Inc is a Houston-based manufacturer of custom-engineered electrical equipment and systems used to control, distribute and monitor electrical power. The company serves industrial and utility customers that require equipment designed for demanding operating environments, including facilities with high-voltage, hazardous or highly regulated applications.

Its product portfolio includes medium- and high-voltage metal-clad switchgear, motor control centers, electrical houses and enclosures, control panels, switchboards, bus systems and related protection and control equipment.