Powell Industries (NASDAQ:POWL) announced its earnings results on Wednesday. The industrial products company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.17, Fidelity Earnings reports. Powell Industries had a net margin of 0.97% and a return on equity of 1.87%. The business had revenue of $148.50 million for the quarter, compared to the consensus estimate of $139.04 million. During the same period last year, the firm posted $0.13 earnings per share. Powell Industries’s quarterly revenue was up 10.1% on a year-over-year basis.
Shares of Powell Industries stock opened at $49.04 on Friday. The firm has a market capitalization of $567.25 million, a PE ratio of 88.49 and a beta of 1.22. The business’s 50-day moving average price is $40.02 and its 200-day moving average price is $37.83. Powell Industries has a 12 month low of $22.55 and a 12 month high of $49.12.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 20th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend is Tuesday, November 19th.
Powell Industries Company Profile
Powell Industries, Inc, together with its subsidiaries, designs, develops, manufactures, sells, and services custom-engineered equipment and systems for the distribution, control, and monitoring of electrical energy. 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, and bus duct systems, as well as traditional and arc-resistant distribution switchgears and control gears.
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