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

POWL has been the subject of several recent research reports. Sidoti downgraded shares of Powell Industries from a “buy” rating to a “neutral” rating and set a $42.00 target price for the company. in a research note on Wednesday, July 6th. Zacks Investment Research upgraded shares of Powell Industries from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a research note on Saturday, July 16th.

The company’s 50-day moving average price is $37.43 and its 200-day moving average price is $32.79. The stock has a market capitalization of $465.63 million and a P/E ratio of 28.92.

Powell Industries (NASDAQ:POWL) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $0.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.35. During the same quarter in the previous year, the firm earned $0.60 EPS. The firm earned $133.20 million during the quarter, compared to the consensus estimate of $126.74 million. The business’s revenue for the quarter was down 24.6% on a year-over-year basis. Equities research analysts predict that Powell Industries Inc. will post $1.41 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 14th. Investors of record on Wednesday, August 17th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a 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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