Powell Industries (POWL) to Release Quarterly Earnings on Tuesday

Powell Industries (NASDAQ:POWL - Get Free Report) will release its earnings data after the market closes on Tuesday, April 30th. Analysts expect Powell Industries to post earnings of $1.89 per share for the quarter. Parties interested in registering for the company's conference call can do so using this link.

Powell Industries (NASDAQ:POWL - Get Free Report) last announced its quarterly earnings results on Tuesday, January 30th. The industrial products company reported $1.98 EPS for the quarter, beating analysts' consensus estimates of $1.00 by $0.98. The business had revenue of $194.00 million during the quarter, compared to analyst estimates of $182.04 million. Powell Industries had a net margin of 10.10% and a return on equity of 22.30%. Powell Industries's quarterly revenue was up 53.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.10 EPS. On average, analysts expect Powell Industries to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Powell Industries Stock Up 5.3 %

POWL stock traded up $7.26 during midday trading on Tuesday, reaching $143.39. 283,633 shares of the company's stock traded hands, compared to its average volume of 321,909. The company has a market cap of $1.72 billion, a price-to-earnings ratio of 22.51, a P/E/G ratio of 1.23 and a beta of 0.80. The firm's fifty day moving average price is $148.39 and its 200-day moving average price is $109.61. Powell Industries has a 52 week low of $38.92 and a 52 week high of $197.87.

Powell Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Wednesday, February 14th were paid a dividend of $0.262 per share. The ex-dividend date was Tuesday, February 13th. This represents a $1.05 dividend on an annualized basis and a yield of 0.73%. Powell Industries's dividend payout ratio (DPR) is presently 16.64%.

Analyst Ratings Changes

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

Insider Buying and Selling

In other Powell Industries news, major shareholder Thomas W. Powell sold 6,000 shares of the company's stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $151.36, for a total transaction of $908,160.00. Following the sale, the insider now directly owns 714,643 shares of the company's stock, valued at $108,168,364.48. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, major shareholder Thomas W. Powell sold 6,000 shares of the company's stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $151.36, for a total transaction of $908,160.00. Following the sale, the insider now directly owns 714,643 shares in the company, valued at $108,168,364.48. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Thomas W. Powell sold 10,000 shares of the company's stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $167.46, for a total value of $1,674,600.00. Following the sale, the insider now owns 1,703,628 shares in the company, valued at $285,289,544.88. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 30,000 shares of company stock valued at $4,850,830. 2.20% of the stock is owned by insiders.

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.