Powell Industries (NASDAQ:POWL – Get Rating) will release its earnings data after the market closes on Tuesday, May 3rd. Individual interested in listening to the company’s earnings conference call can do so using this link.
Powell Industries (NASDAQ:POWL – Get Rating) last released its quarterly earnings results on Tuesday, February 8th. The industrial products company reported ($0.24) earnings per share for the quarter. The business had revenue of $106.57 million for the quarter. Powell Industries had a negative net margin of 0.39% and a negative return on equity of 0.61%.
POWL stock opened at $20.71 on Tuesday. The company has a market capitalization of $243.63 million, a P/E ratio of -138.07 and a beta of 1.31. Powell Industries has a twelve month low of $18.81 and a twelve month high of $37.28. The business’s fifty day moving average price is $20.74.
In other Powell Industries news, CEO Brett Alan Cope acquired 10,000 shares of the company’s stock in a transaction on Friday, February 11th. The shares were purchased at an average price of $22.72 per share, for a total transaction of $227,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 23.60% of the stock is owned by corporate insiders.
Institutional investors have recently bought and sold shares of the company. UBS Group AG grew its position in shares of Powell Industries by 417.0% in the third quarter. UBS Group AG now owns 2,073 shares of the industrial products company’s stock valued at $51,000 after purchasing an additional 1,672 shares during the last quarter. Metropolitan Life Insurance Co NY bought a new position in shares of Powell Industries in the 4th quarter valued at $73,000. MetLife Investment Management LLC bought a new position in shares of Powell Industries in the 4th quarter valued at $98,000. Royal Bank of Canada lifted its stake in shares of Powell Industries by 27.6% in the 3rd quarter. Royal Bank of Canada now owns 6,156 shares of the industrial products company’s stock valued at $152,000 after acquiring an additional 1,333 shares during the last quarter. Finally, Millennium Management LLC bought a new position in shares of Powell Industries in the 2nd quarter valued at $204,000. 89.21% of the stock is currently owned by institutional investors.
A number of brokerages recently commented on POWL. StockNews.com began coverage on Powell Industries in a research note on Thursday, March 31st. They set a “hold” rating for the company. Sidoti raised Powell Industries from a “neutral” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Tuesday, March 29th.
Powell Industries Company Profile (Get Rating)
Powell Industries, Inc, together with its subsidiaries, designs, develops, manufactures, sells, and services custom-engineered equipment and systems for the distribution, control, and monitoring of electrical energy. 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, and bus duct systems, as well as traditional and arc-resistant distribution switchgears and control gears.
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