Powell Industries (POWL) Set to Announce Earnings on Tuesday

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

Powell Industries (NASDAQ:POWL) last released its quarterly earnings results on Tuesday, January 30th. The industrial products company reported $1.98 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.98. The business had revenue of $194.00 million during the quarter, compared to analyst estimates of $182.04 million. Powell Industries had a return on equity of 22.30% and a net margin of 10.10%. Powell Industries’s quarterly revenue was up 53.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.10 EPS. 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

Shares of POWL stock opened at $136.13 on Tuesday. The firm has a market cap of $1.63 billion, a P/E ratio of 21.37, a P/E/G ratio of 1.23 and a beta of 0.80. The business’s 50 day moving average price is $148.48 and its 200-day moving average price is $109.19. Powell Industries has a fifty-two week low of $38.92 and a fifty-two week high of $197.87.

Powell Industries Dividend Announcement

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

Wall Street Analyst Weigh In

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

Insider Transactions at Powell Industries

In other Powell Industries news, major shareholder Thomas W. Powell sold 6,000 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $151.36, for a total value of $908,160.00. Following the completion of the transaction, the insider now owns 714,643 shares in the company, valued at $108,168,364.48. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Christopher E. Cragg sold 9,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $155.13, for a total transaction of $1,396,170.00. Following the completion of the transaction, the director now owns 12,360 shares of the company’s stock, valued at approximately $1,917,406.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Thomas W. Powell sold 6,000 shares of the business’s stock in a transaction on Monday, February 12th. The stock was 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 directly owns 714,643 shares in the company, valued at $108,168,364.48. 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. Corporate insiders own 2.20% of the company’s stock.

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.