Powell Industries (POWL) to Release Quarterly Earnings on Tuesday

Powell Industries (NASDAQ:POWL) is set to announce its earnings results after the market closes on Tuesday, April 30th. Analysts expect the company to announce earnings of $1.89 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Powell Industries (NASDAQ:POWL) last issued its earnings results on Tuesday, January 30th. The industrial products company reported $1.98 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.98. Powell Industries had a return on equity of 22.30% and a net margin of 10.10%. The firm had revenue of $194.00 million for the quarter, compared to the consensus estimate of $182.04 million. During the same quarter last year, the business posted $0.10 EPS. The company’s revenue was up 53.0% compared to the same quarter last year. On average, analysts expect Powell Industries to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Powell Industries Stock Performance

Powell Industries stock opened at $136.13 on Tuesday. Powell Industries has a 52 week low of $38.92 and a 52 week high of $197.87. The stock has a market capitalization of $1.63 billion, a P/E ratio of 21.37, a price-to-earnings-growth ratio of 1.23 and a beta of 0.80. The stock has a fifty day moving average of $148.48 and a 200-day moving average of $109.19.

Powell Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Wednesday, February 14th were issued a $0.262 dividend. The ex-dividend date was Tuesday, February 13th. This represents a $1.05 dividend on an annualized basis and a dividend yield of 0.77%. Powell Industries’s dividend payout ratio (DPR) is currently 16.64%.

Insider Buying and Selling at Powell Industries

In other news, Director Christopher E. Cragg sold 9,000 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $155.13, for a total value of $1,396,170.00. Following the transaction, the director now directly owns 12,360 shares of the company’s stock, valued at approximately $1,917,406.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Christopher E. Cragg sold 9,000 shares of Powell Industries 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 in the company, valued at approximately $1,917,406.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Thomas W. Powell sold 5,000 shares of Powell Industries stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $174.38, for a total transaction of $871,900.00. Following the completion of the sale, the insider now directly owns 1,688,628 shares of the company’s stock, valued at $294,462,950.64. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 30,000 shares of company stock valued at $4,850,830. 2.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

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

About Powell Industries

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.