Powell Industries (POWL) Expected to Announce Earnings on Tuesday

Powell Industries (NASDAQ:POWL) is projected to issue its quarterly earnings data before the market opens on Tuesday, February 4th. Analysts expect the company to announce earnings of $2.83 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Powell Industries Stock Down 16.1 %

NASDAQ:POWL opened at $243.84 on Tuesday. The company has a market capitalization of $2.94 billion, a PE ratio of 19.84, a P/E/G ratio of 1.62 and a beta of 0.88. Powell Industries has a 52-week low of $77.24 and a 52-week high of $364.98. The stock’s 50 day moving average price is $256.09 and its 200 day moving average price is $224.81.

Powell Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, November 20th were given a dividend of $0.265 per share. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 0.43%. Powell Industries’s dividend payout ratio (DPR) is presently 8.62%.

Analyst Upgrades and Downgrades

POWL has been the subject of a number of recent research reports. Roth Capital upgraded shares of Powell Industries to a “strong-buy” rating in a research note on Tuesday, December 10th. Roth Mkm initiated coverage on shares of Powell Industries in a research note on Wednesday, December 11th. They set a “buy” rating and a $312.00 target price for the company. Finally, StockNews.com cut Powell Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, January 22nd.

Insider Activity at Powell Industries

In related news, major shareholder Thomas W. Powell sold 5,000 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $347.74, for a total transaction of $1,738,700.00. Following the completion of the transaction, the insider now directly owns 677,265 shares of the company’s stock, valued at $235,512,131.10. This represents a 0.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 2.20% of the stock is currently owned by insiders.

Powell Industries Company Profile

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.