Powell Industries (POWL) Set to Announce Quarterly Earnings on Tuesday

Powell Industries (NASDAQ:POWL) is scheduled to release its earnings data after the market closes on Tuesday, November 19th. Analysts expect Powell Industries to post earnings of $3.49 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Powell Industries Trading Down 7.3 %

POWL opened at $278.53 on Friday. The stock has a 50-day moving average of $247.95 and a 200 day moving average of $191.41. Powell Industries has a 12 month low of $75.05 and a 12 month high of $364.98. The firm has a market cap of $3.34 billion, a P/E ratio of 26.06, a P/E/G ratio of 1.82 and a beta of 0.86.

Powell Industries Announces Dividend

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Powell Industries from a “hold” rating to a “buy” rating in a research report on Friday.

Insider Buying and Selling

In other news, Director James W. Mcgill sold 6,600 shares of the business’s stock in a transaction on 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 directly owns 9,660 shares of the company’s stock, valued at approximately $1,795,214.40. The trade was a 40.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Thomas W. Powell sold 5,000 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was 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 in the company, valued at $235,512,131.10. This represents a 0.73 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 66,600 shares of company stock valued at $15,906,386. Company insiders own 2.20% of the company’s stock.

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.