Powell Industries, Inc. (NASDAQ:POWL) Releases Earnings Results, Misses Expectations By $0.22 EPS

Powell Industries, Inc. (NASDAQ:POWL) posted its earnings results on Tuesday, August 8th. The industrial products company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by $0.22, Briefing.com reports. Powell Industries had a return on equity of 0.71% and a net margin of 0.27%. The business had revenue of $85.90 million for the quarter, compared to analyst estimates of $104.45 million. During the same period in the previous year, the firm posted $0.47 earnings per share. The firm’s revenue was down 35.5% compared to the same quarter last year.

Shares of Powell Industries (NASDAQ:POWL) traded down 4.36% during mid-day trading on Friday, hitting $28.05. The company had a trading volume of 55,227 shares. The company has a market capitalization of $320.56 million, a PE ratio of 275.00 and a beta of 0.83. Powell Industries has a one year low of $28.02 and a one year high of $47.24. The company’s 50-day moving average is $32.18 and its 200 day moving average is $33.28.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 13th. Stockholders of record on Wednesday, August 23rd will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 3.71%. The ex-dividend date is Monday, August 21st. Powell Industries’s dividend payout ratio (DPR) is currently 1,040.10%.

Separately, BidaskClub raised Powell Industries from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 25th.

Several large investors have recently added to or reduced their stakes in the stock. US Bancorp DE raised its stake in Powell Industries by 0.3% in the first quarter. US Bancorp DE now owns 8,067 shares of the industrial products company’s stock worth $278,000 after buying an additional 28 shares during the period. Texas Permanent School Fund raised its stake in Powell Industries by 1.0% in the second quarter. Texas Permanent School Fund now owns 6,258 shares of the industrial products company’s stock worth $200,000 after buying an additional 61 shares during the period. Prudential Financial Inc. raised its stake in Powell Industries by 0.7% in the first quarter. Prudential Financial Inc. now owns 14,797 shares of the industrial products company’s stock worth $510,000 after buying an additional 100 shares during the period. Wells Fargo & Company MN raised its stake in Powell Industries by 2.3% in the second quarter. Wells Fargo & Company MN now owns 6,736 shares of the industrial products company’s stock worth $216,000 after buying an additional 150 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its stake in Powell Industries by 0.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 36,118 shares of the industrial products company’s stock worth $1,156,000 after buying an additional 228 shares during the period. 65.25% of the stock is owned by institutional investors.

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Powell Industries Company Profile

Powell Industries, Inc develops design, manufactures and services custom-engineered equipment and systems for the distribution, control and monitoring of electrical energy designed to distribute, control and monitor the flow of electrical energy, and provide protection to motors, transformers and other electrically powered equipment.

Earnings History for Powell Industries (NASDAQ:POWL)

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