Powell Industries, Inc. Plans Quarterly Dividend of $0.26 (POWL)
Powell Industries, Inc. (NASDAQ:POWL) declared a quarterly dividend on Tuesday, August 8th, NASDAQ reports. Stockholders of record on Wednesday, August 23rd will be paid a dividend of 0.26 per share by the industrial products company on Wednesday, September 13th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date of this dividend is Monday, August 21st.
Shares of Powell Industries (POWL) traded down 3.24% during trading on Wednesday, hitting $31.91. 14,708 shares of the stock were exchanged. Powell Industries has a 12-month low of $30.49 and a 12-month high of $47.24. The stock’s 50 day moving average is $32.50 and its 200-day moving average is $33.87. The stock has a market cap of $364.67 million, a price-to-earnings ratio of 39.40 and a beta of 0.83.
Powell Industries (NASDAQ:POWL) last posted its earnings results on Tuesday, August 8th. The industrial products company reported ($0.28) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.06) by $0.22. The business had revenue of $85.90 million during the quarter, compared to analyst estimates of $104.45 million. Powell Industries had a net margin of 1.94% and a return on equity of 3.31%. Powell Industries’s revenue was down 35.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.47 earnings per share. Equities research analysts anticipate that Powell Industries will post ($0.26) EPS for the current year.
Separately, BidaskClub upgraded shares of Powell Industries from a “strong sell” rating to a “sell” rating in a research note on Tuesday, July 25th.
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About Powell Industries
Powell Industries, Inc develops design, manufactures and services custom-engineered equipment and systems for the distribution, control and monitoring of electrical energy designed to distribute, control and monitor the flow of electrical energy, and provide protection to motors, transformers and other electrically powered equipment.
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