Powell Industries (POWL) to Release Quarterly Earnings on Tuesday

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

Powell Industries (NASDAQ:POWL) last posted its earnings results on Tuesday, January 30th. The industrial products company reported $1.98 EPS for the quarter, topping the consensus estimate of $1.00 by $0.98. Powell Industries had a net margin of 10.10% and a return on equity of 22.30%. The firm had revenue of $194.00 million during the quarter, compared to analysts’ expectations of $182.04 million. During the same period last year, the company posted $0.10 EPS. The company’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 Price Performance

Shares of NASDAQ POWL opened at $148.82 on Friday. Powell Industries has a 1 year low of $39.29 and a 1 year high of $197.87. The stock has a market cap of $1.79 billion, a P/E ratio of 23.36, a price-to-earnings-growth ratio of 1.39 and a beta of 0.79. The firm has a 50-day moving average of $148.03 and a 200 day moving average of $110.75.

Powell Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Wednesday, February 14th were given a dividend of $0.262 per share. The ex-dividend date was Tuesday, February 13th. This represents a $1.05 dividend on an annualized basis and a yield of 0.70%. Powell Industries’s dividend payout ratio (DPR) is currently 16.64%.

Insider Activity at Powell Industries

In related news, major shareholder Thomas W. Powell sold 6,000 shares of Powell Industries stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $151.36, for a total transaction of $908,160.00. Following the completion of the transaction, the insider now directly owns 714,643 shares of the company’s stock, valued at approximately $108,168,364.48. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Powell Industries news, major shareholder Thomas W. Powell sold 5,000 shares of Powell Industries stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $174.38, for a total value 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 $294,462,950.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Thomas W. Powell sold 6,000 shares of Powell Industries stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $151.36, for a total transaction of $908,160.00. Following the completion of the transaction, the insider now directly owns 714,643 shares of the company’s stock, valued at $108,168,364.48. The disclosure for this sale can be found here. Insiders sold a total of 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.

Analyst Ratings Changes

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

About Powell Industries

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.