Powell Industries, Inc. Declares Quarterly Dividend of $0.26 (POWL)
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 3.15%. The ex-dividend date is Monday, August 21st.
Powell Industries (POWL) traded down 2.82% during midday trading on Wednesday, reaching $32.05. 15,849 shares of the company were exchanged. Powell Industries has a 52 week low of $30.49 and a 52 week high of $47.24. The firm’s 50 day moving average price is $32.50 and its 200-day moving average price is $33.87. The stock has a market capitalization of $366.27 million, a P/E ratio of 39.57 and a beta of 0.83.
Powell Industries (NASDAQ:POWL) last announced its quarterly earnings data on Tuesday, August 8th. The industrial products company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by $0.22. The firm had revenue of $85.90 million during the quarter, compared to analysts’ expectations of $104.45 million. Powell Industries had a net margin of 1.94% and a return on equity of 3.31%. The company’s revenue for the quarter was down 35.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.47 EPS. Equities analysts forecast that Powell Industries will post ($0.26) EPS for the current fiscal year.
Separately, BidaskClub upgraded Powell Industries from a “strong sell” rating to a “sell” rating in a 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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