Powell Industries (NASDAQ:POWL) Issues Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Powell Industries (NASDAQ:POWL) announced its quarterly earnings results on Thursday. The industrial products company reported $2.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.83 by $0.03, Zacks reports. Powell Industries had a return on equity of 35.68% and a net margin of 14.80%.

Powell Industries Stock Down 0.0 %

Shares of NASDAQ:POWL opened at $244.84 on Friday. Powell Industries has a 52-week low of $122.00 and a 52-week high of $364.98. The stock has a market cap of $2.95 billion, a price-to-earnings ratio of 19.92, a PEG ratio of 1.25 and a beta of 0.87. The business has a 50-day moving average price of $249.78 and a 200-day moving average price of $229.25.

Powell Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 19th will be issued a $0.2675 dividend. The ex-dividend date is Wednesday, February 19th. This is a positive change from Powell Industries’s previous quarterly dividend of $0.27. This represents a $1.07 dividend on an annualized basis and a dividend yield of 0.44%. Powell Industries’s dividend payout ratio is currently 8.62%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on POWL shares. StockNews.com cut shares of Powell Industries from a “buy” rating to a “hold” rating in a report on Wednesday, January 22nd. Roth Capital upgraded Powell Industries to a “strong-buy” rating in a report on Tuesday, December 10th. Finally, Roth Mkm started coverage on Powell Industries in a research note on Wednesday, December 11th. They set a “buy” rating and a $312.00 target price on the stock.

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.