Powell Industries (POWL) Releases Earnings Results
Powell Industries (NASDAQ:POWL) released its quarterly earnings data on Monday. The industrial products company reported ($0.42) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.19) by ($0.23), Bloomberg Earnings reports. The company had revenue of $95.00 million for the quarter, compared to analysts’ expectations of $87.96 million. Powell Industries had a net margin of 0.27% and a return on equity of 0.71%. The business’s quarterly revenue was down 26.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.54 EPS.
Powell Industries (NASDAQ:POWL) traded down $0.78 during midday trading on Tuesday, hitting $28.28. The company’s stock had a trading volume of 51,040 shares, compared to its average volume of 39,434. The stock has a market cap of $326.06, a price-to-earnings ratio of 135.86 and a beta of 0.84. Powell Industries has a twelve month low of $26.75 and a twelve month high of $47.24.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 13th. Shareholders of record on Tuesday, November 21st will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Monday, November 20th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.68%. Powell Industries’s payout ratio is currently 1,040.10%.
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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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