Powell Industries (NASDAQ:POWL) Issues Earnings Results

Powell Industries (NASDAQ:POWL - Get Free Report) announced its earnings results on Tuesday. The industrial products company reported $2.75 EPS for the quarter, beating the consensus estimate of $1.89 by $0.86, Briefing.com reports. Powell Industries had a return on equity of 22.30% and a net margin of 10.10%. The business had revenue of $255.10 million during the quarter, compared to the consensus estimate of $201.45 million. During the same period in the prior year, the business posted $0.70 earnings per share. Powell Industries's revenue was up 48.8% compared to the same quarter last year.

Powell Industries Stock Up 18.9 %

Shares of POWL traded up $27.01 during midday trading on Wednesday, reaching $170.01. 1,093,305 shares of the stock were exchanged, compared to its average volume of 332,602. The company has a market cap of $2.04 billion, a price-to-earnings ratio of 27.52, a P/E/G ratio of 1.42 and a beta of 0.79. Powell Industries has a 12-month low of $39.77 and a 12-month high of $197.87. The firm has a 50 day simple moving average of $147.80 and a 200-day simple moving average of $111.79.

Insider Activity at Powell Industries

In related news, Director Christopher E. Cragg sold 9,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $155.13, for a total transaction of $1,396,170.00. Following the transaction, the director now owns 12,360 shares of the company's stock, valued at $1,917,406.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Powell Industries news, major shareholder Thomas W. Powell sold 6,000 shares of the business's 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 sale, the insider now owns 714,643 shares of the company's stock, valued at $108,168,364.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Christopher E. Cragg sold 9,000 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $155.13, for a total value of $1,396,170.00. Following the transaction, the director now directly owns 12,360 shares in the company, valued at approximately $1,917,406.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 30,000 shares of company stock valued at $4,850,830. 2.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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

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.