Powell Industries (POWL) to Release Quarterly Earnings on Tuesday

Powell Industries (NASDAQ:POWL) will be announcing its earnings results after the market closes on Tuesday, November 19th. Analysts expect the company to announce earnings of $3.49 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Powell Industries Price Performance

Shares of POWL opened at $278.53 on Monday. The stock has a market capitalization of $3.34 billion, a PE ratio of 26.06, a price-to-earnings-growth ratio of 1.60 and a beta of 0.86. The business’s fifty day moving average price is $247.95 and its 200 day moving average price is $191.56. Powell Industries has a 12-month low of $75.05 and a 12-month high of $364.98.

Powell Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 20th will be issued a dividend of $0.265 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 0.38%. Powell Industries’s dividend payout ratio (DPR) is 9.92%.

Insider Buying and Selling 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 value of $1,738,700.00. Following the sale, the insider now owns 677,265 shares of the company’s stock, valued at $235,512,131.10. This trade represents a 0.73 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James W. Mcgill sold 6,600 shares of Powell Industries stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $185.84, for a total transaction of $1,226,544.00. Following the completion of the sale, the director now owns 9,660 shares in the company, valued at approximately $1,795,214.40. This represents a 40.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 66,600 shares of company stock worth $15,906,386 over the last ninety days. Company insiders own 2.20% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Powell Industries from a “hold” rating to a “buy” rating in a report on Friday.

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.