Sidoti Csr Weighs in on Powell Industries, Inc.’s Q3 2024 Earnings (NASDAQ:POWL)

Powell Industries, Inc. (NASDAQ:POWL) – Equities researchers at Sidoti Csr raised their Q3 2024 EPS estimates for Powell Industries in a research note issued on Wednesday, May 1st. Sidoti Csr analyst J. Franzreb now forecasts that the industrial products company will post earnings of $2.12 per share for the quarter, up from their prior estimate of $1.81. The consensus estimate for Powell Industries’ current full-year earnings is $7.54 per share. Sidoti Csr also issued estimates for Powell Industries’ Q4 2024 earnings at $2.19 EPS, FY2024 earnings at $9.04 EPS, Q1 2025 earnings at $2.02 EPS, Q2 2025 earnings at $2.30 EPS, Q3 2025 earnings at $2.27 EPS and FY2025 earnings at $8.99 EPS.

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

Powell Industries Stock Down 0.4 %

POWL stock opened at $159.95 on Friday. The firm has a market cap of $1.92 billion, a price-to-earnings ratio of 19.00, a PEG ratio of 1.61 and a beta of 0.79. The company’s fifty day simple moving average is $148.22 and its 200 day simple moving average is $112.53. Powell Industries has a 12-month low of $47.40 and a 12-month high of $197.87.

Powell Industries (NASDAQ:POWL) last released its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $2.75 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.86. The firm had revenue of $255.10 million for the quarter, compared to analyst estimates of $201.45 million. Powell Industries had a return on equity of 27.93% and a net margin of 12.05%. The business’s revenue was up 48.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.70 EPS.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. New York State Teachers Retirement System boosted its stake in Powell Industries by 1.2% in the first quarter. New York State Teachers Retirement System now owns 8,208 shares of the industrial products company’s stock valued at $1,168,000 after acquiring an additional 100 shares during the last quarter. Precision Wealth Strategies LLC raised its stake in shares of Powell Industries by 4.6% in the fourth quarter. Precision Wealth Strategies LLC now owns 3,255 shares of the industrial products company’s stock valued at $288,000 after buying an additional 142 shares during the period. AJOVista LLC purchased a new position in shares of Powell Industries during the 4th quarter valued at $29,000. Panagora Asset Management Inc. grew its stake in shares of Powell Industries by 1.0% during the 4th quarter. Panagora Asset Management Inc. now owns 36,874 shares of the industrial products company’s stock worth $3,260,000 after acquiring an additional 350 shares during the period. Finally, Covestor Ltd increased its holdings in Powell Industries by 121.1% in the 3rd quarter. Covestor Ltd now owns 796 shares of the industrial products company’s stock worth $66,000 after acquiring an additional 436 shares during the last quarter. Institutional investors own 89.77% of the company’s stock.

Insider Buying and Selling

In other news, major shareholder Thomas W. Powell sold 6,000 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $151.36, for a total transaction of $908,160.00. Following the transaction, the insider now owns 714,643 shares of the company’s stock, valued at approximately $108,168,364.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Powell Industries news, Director Christopher E. Cragg sold 9,000 shares of the firm’s 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 transaction, the director now directly owns 12,360 shares of the company’s stock, valued at $1,917,406.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Thomas W. Powell sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were 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 directly owns 714,643 shares of the company’s stock, valued at $108,168,364.48. The disclosure for this sale can be found here. Insiders have sold a total of 30,000 shares of company stock valued at $4,850,830 over the last ninety days. 2.20% of the stock is owned by corporate insiders.

Powell Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Wednesday, May 15th will be given a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date is Tuesday, May 14th. This is an increase from Powell Industries’s previous quarterly dividend of $0.26. Powell Industries’s payout ratio is presently 12.59%.

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.