Powell Industries (NASDAQ:POWL) Issues Earnings Results

Powell Industries (NASDAQ:POWL) issued its earnings results on Tuesday, May 7th. The industrial products company reported $0.08 EPS for the quarter, beating the consensus estimate of ($0.25) by $0.33, Briefing.com reports. Powell Industries had a net margin of 0.02% and a return on equity of 0.24%. The company had revenue of $123.70 million during the quarter, compared to analysts’ expectations of $100.15 million. During the same quarter in the previous year, the company posted ($0.29) EPS. The business’s revenue for the quarter was up 21.9% compared to the same quarter last year.

Shares of NASDAQ:POWL traded down $0.66 on Friday, reaching $34.99. 356 shares of the company’s stock were exchanged, compared to its average volume of 39,119. The firm has a market cap of $399.83 million, a PE ratio of 576.83 and a beta of 1.54. Powell Industries has a twelve month low of $22.55 and a twelve month high of $41.42.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 19th. Shareholders of record on Wednesday, May 22nd will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Tuesday, May 21st. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.97%.

Several research firms have weighed in on POWL. BidaskClub raised shares of Powell Industries from a “sell” rating to a “hold” rating in a report on Friday, May 17th. CJS Securities raised shares of Powell Industries from a “market perform” rating to an “outperform” rating in a report on Thursday, May 9th.

Several hedge funds and other institutional investors have recently bought and sold shares of POWL. Citigroup Inc. lifted its stake in Powell Industries by 6.3% in the 4th quarter. Citigroup Inc. now owns 5,852 shares of the industrial products company’s stock valued at $146,000 after purchasing an additional 349 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Powell Industries by 0.5% in the 4th quarter. Principal Financial Group Inc. now owns 70,770 shares of the industrial products company’s stock valued at $1,770,000 after purchasing an additional 383 shares during the last quarter. California Public Employees Retirement System raised its stake in shares of Powell Industries by 1.3% during the fourth quarter. California Public Employees Retirement System now owns 31,731 shares of the industrial products company’s stock valued at $794,000 after acquiring an additional 404 shares during the last quarter. Teton Advisors Inc. raised its stake in shares of Powell Industries by 2.4% during the fourth quarter. Teton Advisors Inc. now owns 20,593 shares of the industrial products company’s stock valued at $515,000 after acquiring an additional 490 shares during the last quarter. Finally, Arizona State Retirement System raised its stake in shares of Powell Industries by 6.2% during the fourth quarter. Arizona State Retirement System now owns 13,424 shares of the industrial products company’s stock valued at $336,000 after acquiring an additional 779 shares during the last quarter. Institutional investors and hedge funds own 64.36% of the company’s stock.

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About Powell Industries

Powell Industries, Inc, together with its subsidiaries, designs, develops, manufactures, sells, and services custom-engineered equipment and systems for the distribution, control, and monitoring of electrical energy. 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, and bus duct systems, as well as traditional and arc-resistant distribution switchgears and control gears.

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Earnings History for Powell Industries (NASDAQ:POWL)

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