Powell Industries Trading Down 4.7% Following Analyst Downgrade (POWL)
Powell Industries (NASDAQ:POWL) dropped 4.7% during trading on Thursday after Stifel Nicolaus lowered their price target on the stock from $77.00 to $68.00, American Banking News reports. Stifel Nicolaus currently has a buy rating on the stock. Powell Industries traded as low as $49.28 and last traded at $50.06, with a volume of 152,595 shares traded. The stock had previously closed at $52.53.
The stock has a 50-day moving average of $62.52 and a 200-day moving average of $63.55. The company has a market cap of $605.9 million and a price-to-earnings ratio of 14.23.
Powell Industries (NASDAQ:POWL) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.24 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.88 by $0.64. The company had revenue of $150.80 million for the quarter, compared to the consensus estimate of $191.16 million. During the same quarter in the prior year, the company posted $0.89 earnings per share. The company’s quarterly revenue was down 12.2% on a year-over-year basis. Analysts expect that Powell Industries will post $2.85 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 17th. Investors of record on Wednesday, August 20th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date of this dividend is Monday, August 18th.
Powell Industries, Inc (NASDAQ:POWL) develops, designs, manufactures and service custom engineered-to-order equipment and systems for the management and control of electrical energy and other critical processes.
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