Powell Industries (POWL) to Release Quarterly Earnings on Tuesday

Powell Industries (NASDAQ:POWL) will issue 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 that wish to register for the company’s conference call can do so using this link.

Powell Industries (NASDAQ:POWL) last posted its quarterly earnings data on Tuesday, January 30th. The industrial products company reported $1.98 earnings per share for the quarter, beating 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 firm had revenue of $194.00 million for the quarter, compared to analyst estimates of $182.04 million. During the same period last year, the firm posted $0.10 EPS. Powell Industries’s quarterly revenue was up 53.0% on a year-over-year basis. 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

NASDAQ:POWL opened at $148.82 on Monday. The firm’s fifty day moving average price is $148.03 and its 200 day moving average price is $110.90. Powell Industries has a 1-year low of $39.29 and a 1-year high of $197.87. The firm has a market cap of $1.79 billion, a price-to-earnings ratio of 23.36, a price-to-earnings-growth ratio of 1.41 and a beta of 0.79.

Powell Industries Announces Dividend

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

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Powell Industries

In other Powell Industries news, major shareholder Thomas W. Powell sold 5,000 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $174.38, for a total value of $871,900.00. Following the completion of the sale, the insider now owns 1,688,628 shares of the company’s stock, valued at $294,462,950.64. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, major shareholder Thomas W. Powell sold 5,000 shares of Powell Industries stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $174.38, for a total transaction of $871,900.00. Following the completion of the sale, the insider now owns 1,688,628 shares in the company, valued at approximately $294,462,950.64. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Thomas W. Powell sold 10,000 shares of Powell Industries stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $167.46, for a total value of $1,674,600.00. Following the sale, the insider now owns 1,703,628 shares of the company’s stock, valued at approximately $285,289,544.88. The disclosure for this sale can be found here. Over the last quarter, insiders sold 30,000 shares of company stock valued at $4,850,830. 2.20% of the stock is owned by company insiders.

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.