Powell Industries (NASDAQ:POWL) Announces Earnings Results, Beats Expectations By $0.17 EPS

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.

A number of equities analysts have recently commented on POWL shares. TheStreet raised shares of Powell Industries from a “c+” rating to a “b-” rating in a report on Monday, November 4th. BidaskClub upgraded shares of Powell Industries from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. ValuEngine downgraded shares of Powell Industries from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Finally, Sidoti lowered shares of Powell Industries from a “buy” rating to a “neutral” rating and upped their target price for the stock from $45.00 to $47.00 in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $47.00.

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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Earnings History for Powell Industries (NASDAQ:POWL)

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