Powell Industries (POWL) to Release Earnings on Tuesday

Powell Industries (NASDAQ:POWL) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, April 30th. Analysts expect the company to announce earnings of $1.89 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Powell Industries (NASDAQ:POWL) last issued its quarterly earnings data on Tuesday, January 30th. The industrial products company reported $1.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.98. Powell Industries had a net margin of 10.10% and a return on equity of 22.30%. The business had revenue of $194.00 million during the quarter, compared to the consensus estimate of $182.04 million. During the same period in the prior year, the firm posted $0.10 EPS. The firm’s quarterly revenue was up 53.0% compared to the same quarter last year. On average, analysts expect Powell Industries to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Powell Industries Stock Performance

Shares of POWL stock opened at $148.82 on Friday. Powell Industries has a 52-week low of $39.29 and a 52-week high of $197.87. The company has a 50-day simple moving average of $148.03 and a two-hundred day simple moving average of $110.75. The company has a market capitalization of $1.79 billion, a price-to-earnings ratio of 23.36, a PEG ratio of 1.39 and a beta of 0.79.

Powell Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Wednesday, February 14th were given a $0.262 dividend. This represents a $1.05 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date was Tuesday, February 13th. Powell Industries’s payout ratio is 16.64%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Powell Industries from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 1st.

Insider Activity

In other news, major shareholder Thomas W. Powell sold 5,000 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $174.38, for a total transaction of $871,900.00. Following the completion of the transaction, the insider now directly owns 1,688,628 shares of the company’s stock, valued at approximately $294,462,950.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, major shareholder Thomas W. Powell sold 10,000 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $167.46, for a total transaction of $1,674,600.00. Following the completion of the transaction, the insider now directly owns 1,703,628 shares of the company’s stock, valued at approximately $285,289,544.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Thomas W. Powell sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $174.38, for a total transaction of $871,900.00. Following the sale, the insider now owns 1,688,628 shares in the company, valued at $294,462,950.64. The disclosure for this sale can be found here. Insiders sold 30,000 shares of company stock valued at $4,850,830 in the last three months. Company insiders own 2.20% of the company’s stock.

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.