Powell Industries (POWL) Scheduled to Post Earnings on Tuesday

Powell Industries (NASDAQ:POWL) will be announcing its earnings results after the market closes on Tuesday, November 19th. Analysts expect the company to announce earnings of $3.49 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Powell Industries Stock Performance

Powell Industries stock opened at $278.53 on Monday. The firm has a market capitalization of $3.34 billion, a PE ratio of 26.06, a price-to-earnings-growth ratio of 1.60 and a beta of 0.86. Powell Industries has a one year low of $75.05 and a one year high of $364.98. The stock’s 50 day moving average price is $247.95 and its 200 day moving average price is $191.56.

Powell Industries Dividend Announcement

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 paid a dividend of $0.265 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 0.38%. Powell Industries’s dividend payout ratio is currently 9.92%.

Insider Buying and Selling at Powell Industries

In other news, major shareholder Thomas W. Powell sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $213.56, for a total transaction of $5,339,000.00. Following the completion of the sale, the insider now owns 682,265 shares of the company’s stock, valued at approximately $145,704,513.40. This trade represents a 3.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James W. Mcgill sold 6,600 shares of the company’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $185.84, for a total transaction of $1,226,544.00. Following the completion of the sale, the director now directly owns 9,660 shares in the company, valued at $1,795,214.40. This represents a 40.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 66,600 shares of company stock valued at $15,906,386 in the last ninety days. Insiders own 2.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Powell Industries from a “hold” rating to a “buy” rating in a research note on Friday.

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.