Powell Industries (NASDAQ:POWL - Get Free Report) released its earnings results on Thursday. The industrial products company reported $2.86 EPS for the quarter, topping the consensus estimate of $2.83 by $0.03, Zacks reports. Powell Industries had a net margin of 15.15% and a return on equity of 36.66%.
Powell Industries Stock Performance
POWL stock traded down $8.94 during mid-day trading on Monday, reaching $219.89. 625,233 shares of the stock traded hands, compared to its average volume of 515,647. Powell Industries has a one year low of $122.00 and a one year high of $364.98. The stock has a market capitalization of $2.65 billion, a PE ratio of 16.70, a PEG ratio of 1.28 and a beta of 0.87. The business has a 50-day moving average price of $247.91 and a two-hundred day moving average price of $231.78.
Powell Industries Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, February 19th will be given a $0.2675 dividend. The ex-dividend date is Wednesday, February 19th. This is an increase from Powell Industries's previous quarterly dividend of $0.27. This represents a $1.07 dividend on an annualized basis and a yield of 0.49%. Powell Industries's dividend payout ratio (DPR) is currently 8.05%.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on POWL shares. Roth Mkm assumed coverage on shares of Powell Industries in a report on Wednesday, December 11th. They issued a "buy" rating and a $312.00 price target on the stock. Roth Capital upgraded Powell Industries to a "strong-buy" rating in a research report on Tuesday, December 10th. Finally, StockNews.com upgraded shares of Powell Industries from a "hold" rating to a "buy" rating in a report on Friday.
View Our Latest Stock Report on POWL
Powell Industries Company Profile
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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.
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