Powell Industries (NASDAQ:POWL) Releases Earnings Results, Beats Expectations By $0.03 EPS

Powell Industries (NASDAQ:POWL - Get Free Report) posted its quarterly earnings data on Thursday. The industrial products company reported $2.86 EPS for the quarter, beating analysts' consensus estimates 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 Trading Down 3.9 %

Shares of Powell Industries stock traded down $8.94 on Monday, reaching $219.89. 625,233 shares of the company were exchanged, compared to its average volume of 515,647. Powell Industries has a fifty-two week low of $122.00 and a fifty-two week high of $364.98. The firm has a market capitalization of $2.65 billion, a price-to-earnings ratio of 16.70, a price-to-earnings-growth ratio of 1.28 and a beta of 0.87. The stock has a fifty day moving average price of $247.91 and a 200-day moving average price of $231.78.

Powell Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, February 19th will be paid a dividend of $0.2675 per share. The ex-dividend date is Wednesday, February 19th. This is a positive change from Powell Industries's previous quarterly dividend of $0.27. This represents a $1.07 annualized dividend and a dividend yield of 0.49%. Powell Industries's dividend payout ratio (DPR) is currently 8.05%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on POWL. StockNews.com upgraded Powell Industries from a "hold" rating to a "buy" rating in a research report on Friday. Roth Capital raised Powell Industries to a "strong-buy" rating in a report on Tuesday, December 10th. Finally, Roth Mkm began coverage on shares of Powell Industries in a report on Wednesday, December 11th. They issued a "buy" rating and a $312.00 price target for the company.

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.