Powell Industries (POWL) Posts Earnings Results, Misses Estimates By $0.33 EPS

Powell Industries (NASDAQ:POWL) issued its quarterly earnings results on Tuesday. The industrial products company reported ($0.49) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.33), Briefing.com reports. Powell Industries had a negative net margin of 3.95% and a negative return on equity of 4.31%. The firm had revenue of $90.18 million for the quarter, compared to analysts’ expectations of $103.34 million. During the same period in the prior year, the company earned ($0.03) EPS. The firm’s quarterly revenue was down 18.2% on a year-over-year basis.

Powell Industries (POWL) opened at $29.94 on Thursday. Powell Industries has a 1 year low of $22.80 and a 1 year high of $38.73.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 21st. Stockholders of record on Wednesday, February 21st will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Tuesday, February 20th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.47%. Powell Industries’s dividend payout ratio is presently -80.62%.

Separately, BidaskClub raised Powell Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, January 16th.

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About Powell Industries

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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