Powell Industries Inc. (NASDAQ:POWL)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $41.10 and last traded at $40.79, with a volume of 15,042 shares traded. The stock had previously closed at $40.75.

POWL has been the topic of a number of recent research reports. Sidoti cut Powell Industries from a “buy” rating to a “neutral” rating and set a $42.00 target price on the stock. in a report on Wednesday, July 6th. Zacks Investment Research upgraded 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.

The firm has a market cap of $457.32 million and a price-to-earnings ratio of 28.41. The firm’s 50-day moving average price is $37.81 and its 200 day moving average price is $33.34.

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

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 14th. Investors of record on Wednesday, August 17th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Monday, August 15th. This represents a $1.04 dividend on an annualized basis and a yield of 2.59%.

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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