Power Solutions International (NASDAQ:PSIX) Releases Earnings Results

Power Solutions International (NASDAQ:PSIX) issued its quarterly earnings results on Thursday. The company reported $0.78 earnings per share (EPS) for the quarter, FiscalAI reports. Power Solutions International had a return on equity of 62.14% and a net margin of 14.28%.The company had revenue of $152.54 million for the quarter.

Power Solutions International Trading Up 0.3%

Shares of NASDAQ PSIX traded up $0.09 during midday trading on Thursday, reaching $33.02. The stock had a trading volume of 388,353 shares, compared to its average volume of 484,433. The company’s 50 day moving average price is $35.52 and its 200 day moving average price is $56.73. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.81 and a current ratio of 3.42. Power Solutions International has a twelve month low of $25.28 and a twelve month high of $121.78. The firm has a market cap of $761.11 million, a price-to-earnings ratio of 7.44 and a beta of 2.01.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Freedom Capital cut Power Solutions International from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. Weiss Ratings lowered shares of Power Solutions International from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, July 24th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $99.95.

Hedge Funds Weigh In On Power Solutions International

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. acquired a new stake in Power Solutions International during the 1st quarter worth about $625,000. Acadian Asset Management LLC acquired a new position in shares of Power Solutions International in the 1st quarter valued at about $112,000. JPMorgan Chase & Co. lifted its stake in shares of Power Solutions International by 36.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,097 shares of the company’s stock valued at $200,000 after purchasing an additional 821 shares during the period. Legal & General Group Plc bought a new stake in shares of Power Solutions International during the 2nd quarter valued at about $361,000. Finally, Rhumbline Advisers bought a new stake in shares of Power Solutions International during the 2nd quarter valued at about $610,000. Institutional investors and hedge funds own 22.28% of the company’s stock.

Power Solutions International Company Profile

Power Solutions International, Inc is a global designer and manufacturer of integrated powertrain solutions for commercial vehicle, industrial and military applications. Headquartered in Wood Dale, Illinois, the company develops and assembles advanced diesel engine and transmission packages under the Atlas® brand, combining proprietary engine technology with high-efficiency transmissions to deliver power-dense systems. These solutions are tailored for medium- and heavy-duty trucks, buses, construction equipment, generator sets and specialty vehicles.

In addition to complete powertrain systems, the company offers a broad range of component products including diesel engines, transmissions and aftertreatment modules.