Powell Industries (NASDAQ:POWL) Releases Earnings Results, Beats Estimates By $0.86 EPS

Powell Industries (NASDAQ:POWL) announced its earnings results on Tuesday. The industrial products company reported $2.75 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.86, Briefing.com reports. The firm had revenue of $255.10 million during the quarter, compared to analysts’ expectations of $201.45 million. Powell Industries had a return on equity of 22.30% and a net margin of 10.10%. The company’s quarterly revenue was up 48.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.70 EPS.

Powell Industries Price Performance

Shares of POWL stock traded up $32.79 during mid-day trading on Wednesday, hitting $175.79. The stock had a trading volume of 204,942 shares, compared to its average volume of 322,442. The firm has a market capitalization of $2.11 billion, a P/E ratio of 27.60, a price-to-earnings-growth ratio of 1.42 and a beta of 0.79. Powell Industries has a 12-month low of $39.77 and a 12-month high of $197.87. The firm’s 50-day moving average is $147.95 and its two-hundred day moving average is $111.35.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Powell Industries from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 1st.

Insider Transactions at Powell Industries

In other news, major shareholder Thomas W. Powell sold 5,000 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $174.38, for a total value of $871,900.00. Following the completion of the transaction, the insider now directly owns 1,688,628 shares of the company’s stock, valued at approximately $294,462,950.64. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, major shareholder Thomas W. Powell sold 5,000 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $174.38, for a total value of $871,900.00. Following the completion of the transaction, the insider now directly owns 1,688,628 shares of the company’s stock, valued at approximately $294,462,950.64. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Thomas W. Powell sold 6,000 shares of the business’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $151.36, for a total value of $908,160.00. Following the completion of the transaction, the insider now directly owns 714,643 shares of the company’s stock, valued at $108,168,364.48. The disclosure for this sale can be found here. In the last three months, insiders sold 30,000 shares of company stock valued at $4,850,830. Corporate insiders own 2.20% of the company’s stock.

About Powell Industries

Powell Industries, Inc, together with its subsidiaries, designs, develops, manufactures, sells, and services custom-engineered equipment and systems. 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, switches, and bus duct systems, as well as traditional and arc-resistant distribution switchgears and control gears.