Sidoti Csr Equities Analysts Boost Earnings Estimates for Powell Industries, Inc. (NASDAQ:POWL)

Powell Industries, Inc. (NASDAQ:POWL - Free Report) - Sidoti Csr raised their Q3 2024 earnings per share (EPS) estimates for Powell Industries in a research note issued on Wednesday, May 1st. Sidoti Csr analyst J. Franzreb now expects that the industrial products company will earn $2.12 per share for the quarter, up from their previous estimate of $1.81. The consensus estimate for Powell Industries' current full-year earnings is $7.54 per share. Sidoti Csr also issued estimates for Powell Industries' Q4 2024 earnings at $2.19 EPS, FY2024 earnings at $9.04 EPS, Q1 2025 earnings at $2.02 EPS, Q2 2025 earnings at $2.30 EPS, Q3 2025 earnings at $2.27 EPS and FY2025 earnings at $8.99 EPS.

Powell Industries (NASDAQ:POWL - Get Free Report) last announced its earnings results on Tuesday, April 30th. The industrial products company reported $2.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.89 by $0.86. Powell Industries had a net margin of 12.05% and a return on equity of 27.93%. The firm had revenue of $255.10 million during the quarter, compared to analyst estimates of $201.45 million. During the same quarter in the prior year, the firm posted $0.70 EPS. Powell Industries's revenue was up 48.8% compared to the same quarter last year.

Separately, StockNews.com lowered Powell Industries from a "strong-buy" rating to a "buy" rating in a research note on Thursday, February 1st.

Powell Industries Price Performance

Shares of Powell Industries stock traded down $0.63 on Friday, hitting $159.95. The company had a trading volume of 317,115 shares, compared to its average volume of 334,257. Powell Industries has a 52 week low of $47.40 and a 52 week high of $197.87. The company has a market cap of $1.92 billion, a PE ratio of 19.00, a PEG ratio of 1.61 and a beta of 0.79. The business has a 50-day simple moving average of $148.22 and a 200-day simple moving average of $112.53.

Powell Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 12th. Stockholders of record on Wednesday, May 15th will be paid a $0.265 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $1.06 annualized dividend and a dividend yield of 0.66%. This is a boost from Powell Industries's previous quarterly dividend of $0.26. Powell Industries's payout ratio is currently 12.59%.

Insider Activity at Powell Industries

In other Powell Industries news, major shareholder Thomas W. Powell sold 5,000 shares of the company's stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $174.38, for a total value of $871,900.00. Following the transaction, the insider now owns 1,688,628 shares of the company's stock, valued at $294,462,950.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, major shareholder Thomas W. Powell sold 5,000 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $174.38, for a total value of $871,900.00. Following the completion of the transaction, the insider now owns 1,688,628 shares in the company, valued at approximately $294,462,950.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Thomas W. Powell sold 6,000 shares of Powell Industries stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $151.36, for a total value of $908,160.00. Following the completion of the transaction, the insider now directly owns 714,643 shares in the company, valued at approximately $108,168,364.48. The disclosure for this sale can be found here. Insiders sold a total of 30,000 shares of company stock valued at $4,850,830 over the last ninety days. Insiders own 2.20% of the company's stock.

Institutional Investors Weigh In On Powell Industries

Several hedge funds have recently made changes to their positions in the company. AJOVista LLC purchased a new stake in shares of Powell Industries in the fourth quarter valued at $29,000. Covestor Ltd raised its position in Powell Industries by 121.1% during the third quarter. Covestor Ltd now owns 796 shares of the industrial products company's stock valued at $66,000 after buying an additional 436 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Powell Industries in the 3rd quarter worth about $137,000. Invst LLC acquired a new stake in Powell Industries during the 4th quarter worth about $161,000. Finally, Private Trust Co. NA purchased a new position in Powell Industries during the 4th quarter valued at about $192,000. Hedge funds and other institutional investors own 89.77% of the company's 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.