Powell Industries, Inc. (NASDAQ:POWL) issued its quarterly earnings results on Tuesday. The industrial products company reported ($0.28) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.06) by $0.22, Briefing.com reports. Powell Industries had a return on equity of 3.31% and a net margin of 1.94%. The business had revenue of $85.90 million for the quarter, compared to analyst estimates of $104.45 million. During the same quarter in the previous year, the business posted $0.47 earnings per share. The business’s revenue was down 35.5% on a year-over-year basis.
Shares of Powell Industries (NASDAQ POWL) traded down 1.46% during mid-day trading on Tuesday, reaching $32.98. The company’s stock had a trading volume of 21,973 shares. The firm has a market cap of $376.90 million, a price-to-earnings ratio of 40.72 and a beta of 0.83. Powell Industries has a 12 month low of $30.49 and a 12 month high of $47.24. The company’s 50-day moving average is $32.50 and its 200 day moving average is $33.87.
Separately, BidaskClub downgraded Powell Industries from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 2nd.
About Powell Industries
Powell Industries, Inc develops design, manufactures and services custom-engineered equipment and systems for the distribution, control and monitoring of electrical energy designed to distribute, control and monitor the flow of electrical energy, and provide protection to motors, transformers and other electrically powered equipment.
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