Powell Industries, Inc. (POWL) Declares $0.26 Quarterly Dividend
Powell Industries, Inc. (NASDAQ:POWL) announced a quarterly dividend on Tuesday, August 8th, NASDAQ reports. Investors of record on Wednesday, August 23rd will be given a dividend of 0.26 per share by the industrial products company on Wednesday, September 13th. This represents a $1.04 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date of this dividend is Monday, August 21st.
Powell Industries (NASDAQ:POWL) traded down 4.36% during mid-day trading on Friday, reaching $28.05. 55,227 shares of the company were exchanged. The firm has a market capitalization of $320.56 million, a P/E ratio of 275.00 and a beta of 0.83. Powell Industries has a 1-year low of $28.02 and a 1-year high of $47.24. The stock has a 50-day moving average of $32.18 and a 200 day moving average of $33.28.
Powell Industries (NASDAQ:POWL) last announced its earnings results on Tuesday, August 8th. The industrial products company reported ($0.28) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.06) by $0.22. Powell Industries had a net margin of 0.27% and a return on equity of 0.71%. The business had revenue of $85.90 million during the quarter, compared to analyst estimates of $104.45 million. During the same period in the previous year, the company earned $0.47 earnings per share. The business’s revenue for the quarter was down 35.5% on a year-over-year basis. Equities research analysts forecast that Powell Industries will post ($0.46) earnings per share for the current year.
Separately, BidaskClub raised Powell Industries from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 25th.
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About Powell Industries
Powell Industries, Inc develops design, manufactures and services custom-engineered equipment and systems for the distribution, control and monitoring of electrical energy designed to distribute, control and monitor the flow of electrical energy, and provide protection to motors, transformers and other electrically powered equipment.
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