Powell Industries (NASDAQ:POWL) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Powell Industries (NASDAQ:POWL) released its quarterly earnings results on Thursday. The industrial products company reported $2.86 earnings per share for the quarter, beating analysts’ consensus estimates of $2.83 by $0.03, Zacks reports. Powell Industries had a net margin of 15.15% and a return on equity of 36.66%.

Powell Industries Trading Down 6.5 %

NASDAQ:POWL traded down $16.01 during mid-day trading on Friday, hitting $228.83. 874,293 shares of the company’s stock traded hands, compared to its average volume of 477,425. The firm has a 50 day moving average of $249.01 and a two-hundred day moving average of $229.88. The firm has a market capitalization of $2.76 billion, a price-to-earnings ratio of 17.38, a price-to-earnings-growth ratio of 1.28 and a beta of 0.87. Powell Industries has a 12 month low of $122.00 and a 12 month high of $364.98.

Powell Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 19th will be given a dividend of $0.2675 per share. This represents a $1.07 annualized dividend and a dividend yield of 0.47%. The ex-dividend date is Wednesday, February 19th. This is a boost from Powell Industries’s previous quarterly dividend of $0.27. Powell Industries’s payout ratio is currently 8.05%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on POWL. Roth Capital upgraded Powell Industries to a “strong-buy” rating in a research note on Tuesday, December 10th. Roth Mkm assumed coverage on Powell Industries in a research report on Wednesday, December 11th. They set a “buy” rating and a $312.00 target price for the company. Finally, StockNews.com raised shares of Powell Industries from a “hold” rating to a “buy” rating in a research report 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.