Powell Industries, Inc. (NASDAQ:POWL) Plans Quarterly Dividend of $0.09

Key Points

• Powell Industries declared a $0.09 quarterly dividend, payable December 16 to shareholders of record November 18. The dividend annualizes to $0.36 per share, a yield of about 0.2%.
• The dividend appears well covered: the current payout ratio is 2.4%, and analysts expect a 5.2% payout ratio based on next year’s projected earnings.
• Shares opened at $163.34. Powell’s latest quarterly results missed analyst estimates for both earnings and revenue, though revenue grew 8.9% year over year; analysts’ average rating is “Moderate Buy.”

Powell Industries, Inc. (NASDAQ:POWL - Get Free Report) announced a quarterly dividend on Tuesday, November 3rd. Shareholders of record on Wednesday, November 18th will be paid a dividend of $0.09 per share by the industrial products company on Wednesday, December 16th. This represents a $0.36 annualized dividend and a yield of 0.2%. The ex-dividend date is Wednesday, November 18th.

Powell Industries has a payout ratio of 2.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Powell Industries to earn $6.87 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 5.2%.

Powell Industries Price Performance

Shares of POWL opened at $163.34 on Wednesday. The company has a 50-day simple moving average of $178.50 and a two-hundred day simple moving average of $212.21. The firm has a market capitalization of $5.95 billion, a PE ratio of 31.35, a price-to-earnings-growth ratio of 1.60 and a beta of 1.25. Powell Industries has a one year low of $92.59 and a one year high of $328.00.

Powell Industries (NASDAQ:POWL - Get Free Report) last posted its earnings results on Monday, August 3rd. The industrial products company reported $1.42 earnings per share for the quarter, missing analysts' consensus estimates of $1.49 by ($0.07). The firm had revenue of $311.74 million for the quarter, compared to analysts' expectations of $316.70 million. Powell Industries had a return on equity of 27.51% and a net margin of 16.49%. The firm's revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the company posted $3.96 EPS. Analysts expect that Powell Industries will post 5.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on POWL shares. Glj Research raised Powell Industries from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 14th. JPMorgan Chase & Co. lowered their price objective on Powell Industries from $300.00 to $250.00 and set an "overweight" rating for the company in a research report on Tuesday, October 13th. Cantor Fitzgerald reissued a "neutral" rating and set a $235.00 price objective on shares of Powell Industries in a research report on Thursday, October 1st. Finally, Weiss Ratings cut shares of Powell Industries from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, August 19th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $187.92.

Powell Industries Company Profile

Powell Industries, Inc is a Houston-based manufacturer of custom-engineered electrical equipment and systems used to control, distribute and monitor electrical power. The company serves industrial and utility customers that require equipment designed for demanding operating environments, including facilities with high-voltage, hazardous or highly regulated applications.

Its product portfolio includes medium- and high-voltage metal-clad switchgear, motor control centers, electrical houses and enclosures, control panels, switchboards, bus systems and related protection and control equipment.

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