Powell Industries Inc. (NASDAQ:POWL) shares reached a new 52-week high during trading on Friday . The company traded as high as $40.97 and last traded at $40.87, with a volume of 78,614 shares. The stock had previously closed at $40.19.

A number of research analysts recently commented on POWL shares. Zacks Investment Research raised Powell Industries from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a report on Saturday, July 16th. Sidoti cut Powell Industries from a “buy” rating to a “neutral” rating and set a $42.00 price target on the stock. in a report on Wednesday, July 6th.

The firm has a market cap of $465.63 million and a P/E ratio of 28.92. The company has a 50-day moving average price of $37.43 and a 200-day moving average price of $32.79.

Powell Industries (NASDAQ:POWL) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.35. The firm earned $133.20 million during the quarter, compared to analyst estimates of $126.74 million. During the same period in the prior year, the company posted $0.60 earnings per share. The firm’s revenue for the quarter was down 24.6% on a year-over-year basis. Equities analysts anticipate that Powell Industries Inc. will post $1.41 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 14th. Stockholders of record on Wednesday, August 17th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date of this dividend is Monday, August 15th.

Powell Industries, Inc develops, designs, manufactures and services custom-engineered equipment and systems. The Company manufactures 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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