Powell Industries (NASDAQ:POWL) Releases Earnings Results, Beats Expectations By $1.63 EPS

Powell Industries (NASDAQ:POWL) issued its earnings results on Tuesday. The industrial products company reported $3.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $1.63, Briefing.com reports. The business had revenue of $288.17 million for the quarter, compared to analyst estimates of $222.18 million. Powell Industries had a net margin of 13.77% and a return on equity of 34.63%. The company’s revenue for the quarter was up 49.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.52 EPS.

Powell Industries Price Performance

Shares of NASDAQ:POWL traded down $15.13 during trading on Thursday, reaching $168.50. 343,178 shares of the company’s stock traded hands, compared to its average volume of 354,411. Powell Industries has a 12 month low of $72.51 and a 12 month high of $209.14. The company has a 50 day moving average of $157.00 and a 200-day moving average of $146.54. The stock has a market capitalization of $2.02 billion, a P/E ratio of 20.08, a price-to-earnings-growth ratio of 1.05 and a beta of 0.88.

Powell Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Wednesday, August 14th will be given a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date is Wednesday, August 14th. Powell Industries’s dividend payout ratio is presently 12.59%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Powell Industries from a “hold” rating to a “buy” rating in a research note on Thursday, June 6th.

Insider Activity at Powell Industries

In related news, Director John Birchall sold 1,100 shares of the business’s stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $200.65, for a total transaction of $220,715.00. Following the completion of the sale, the director now owns 8,066 shares of the company’s stock, valued at approximately $1,618,442.90. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Powell Industries news, major shareholder Thomas W. Powell sold 20,000 shares of the company’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $205.87, for a total value of $4,117,400.00. Following the completion of the transaction, the insider now owns 1,668,628 shares in the company, valued at approximately $343,520,446.36. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director John Birchall sold 1,100 shares of the company’s stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $200.65, for a total transaction of $220,715.00. Following the completion of the transaction, the director now owns 8,066 shares of the company’s stock, valued at approximately $1,618,442.90. The disclosure for this sale can be found here. Insiders sold a total of 34,650 shares of company stock valued at $6,472,034 in the last quarter. 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.