Powell Industries, Inc. (POWL) Receives Consensus Rating of “Strong Buy” from Analysts
Shares of Powell Industries, Inc. (NASDAQ:POWL) have earned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.
Analysts have set a 12-month consensus price objective of $38.00 for the company, according to Zacks. Zacks has also given Powell Industries an industry rank of 181 out of 255 based on the ratings given to its competitors.
Separately, Sidoti decreased their price objective on Powell Industries from $45.00 to $38.00 and set a “buy” rating for the company in a research report on Wednesday, December 12th.
POWL traded up $0.01 on Wednesday, reaching $30.63. 248 shares of the company’s stock were exchanged, compared to its average volume of 22,361. Powell Industries has a twelve month low of $22.55 and a twelve month high of $41.42.
Powell Industries (NASDAQ:POWL) last announced its quarterly earnings data on Tuesday, February 5th. The industrial products company reported ($0.23) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.22). The firm had revenue of $109.35 million for the quarter, compared to the consensus estimate of $108.20 million. Powell Industries had a negative return on equity of 1.19% and a negative net margin of 0.89%. The business’s revenue for the quarter was up 21.3% compared to the same quarter last year. During the same quarter last year, the business earned ($0.49) earnings per share.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 20th. Stockholders of record on Wednesday, February 20th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 3.40%. The ex-dividend date is Tuesday, February 19th.
About Powell Industries
Powell Industries, Inc, together with its subsidiaries, designs, develops, manufactures, sells, and services custom-engineered equipment and systems for the distribution, control, and monitoring of electrical energy. The company's principal products include integrated power control room substations, custom-engineered modules, electrical houses, medium-voltage circuit breakers, monitoring and control communications systems, motor control centers, and bus duct systems, as well as traditional and arc-resistant distribution switchgears and control gears.
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