Powell Industries (NASDAQ:POWL) Announces Earnings Results

Powell Industries (NASDAQ:POWL) announced its earnings results on Thursday. The industrial products company reported $2.86 EPS for the quarter, topping the consensus estimate of $2.83 by $0.03, Zacks reports. Powell Industries had a net margin of 15.15% and a return on equity of 36.66%.

Powell Industries Stock Performance

Shares of NASDAQ POWL traded down $16.01 during mid-day trading on Friday, reaching $228.83. The company had a trading volume of 874,293 shares, compared to its average volume of 477,425. Powell Industries has a twelve month low of $122.00 and a twelve month high of $364.98. The stock’s 50 day moving average is $249.01 and its 200-day moving average is $229.88. The stock has a market capitalization of $2.76 billion, a PE ratio of 17.38, a price-to-earnings-growth ratio of 1.28 and a beta of 0.87.

Powell Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 19th will be paid a dividend of $0.2675 per share. The ex-dividend date is Wednesday, February 19th. This represents a $1.07 dividend on an annualized basis and a dividend yield of 0.47%. This is a positive change from Powell Industries’s previous quarterly dividend of $0.27. Powell Industries’s dividend payout ratio (DPR) is 8.05%.

Analysts Set New Price Targets

POWL has been the subject of a number of recent analyst reports. Roth Mkm began coverage on shares of Powell Industries in a research note on Wednesday, December 11th. They issued a “buy” rating and a $312.00 price objective for the company. Roth Capital raised Powell Industries to a “strong-buy” rating in a research report on Tuesday, December 10th. Finally, StockNews.com raised Powell Industries from a “hold” rating to a “buy” rating in a research note on Friday.

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.