Powell Industries (NASDAQ:POWL) Issues Earnings Results, Beats Expectations By $0.47 EPS

Powell Industries (NASDAQ:POWL) announced its quarterly earnings data on Tuesday. The industrial products company reported $3.81 earnings per share for the quarter, beating analysts’ consensus estimates of $3.34 by $0.47, Zacks reports. The company had revenue of $278.63 million for the quarter, compared to analyst estimates of $282.68 million. Powell Industries had a return on equity of 35.48% and a net margin of 15.15%. The firm’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.75 EPS.

Powell Industries Trading Down 8.0 %

POWL stock opened at $174.88 on Thursday. The company has a market cap of $2.11 billion, a price-to-earnings ratio of 13.28, a PEG ratio of 0.98 and a beta of 0.78. The firm has a 50 day moving average of $174.98 and a 200-day moving average of $225.42. Powell Industries has a 12-month low of $127.01 and a 12-month high of $364.98.

Powell Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 21st will be given a dividend of $0.2675 per share. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $1.07 annualized dividend and a yield of 0.61%. Powell Industries’s payout ratio is currently 8.12%.

Analyst Ratings Changes

Separately, StockNews.com upgraded Powell Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, March 11th.

Powell Industries Company Profile

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.