Analysts Issue Forecasts for Powell Industries, Inc.’s FY2024 Earnings (NASDAQ:POWL)

Powell Industries, Inc. (NASDAQ:POWL) – Analysts at Sidoti Csr upped their FY2024 EPS estimates for shares of Powell Industries in a report released on Wednesday, July 31st. Sidoti Csr analyst J. Franzreb now expects that the industrial products company will earn $12.01 per share for the year, up from their previous estimate of $9.04. The consensus estimate for Powell Industries’ current full-year earnings is $12.01 per share. Sidoti Csr also issued estimates for Powell Industries’ Q4 2024 earnings at $3.49 EPS, Q1 2025 earnings at $2.70 EPS, Q2 2025 earnings at $3.07 EPS, Q3 2025 earnings at $3.23 EPS, Q4 2025 earnings at $3.44 EPS and FY2025 earnings at $12.44 EPS.

Separately, StockNews.com upgraded shares of Powell Industries from a “hold” rating to a “buy” rating in a report on Thursday, June 6th.

Powell Industries Stock Down 4.7 %

Shares of POWL opened at $153.46 on Friday. The business has a fifty day moving average of $155.57 and a 200 day moving average of $147.60. The company has a market cap of $1.84 billion, a PE ratio of 18.23, a P/E/G ratio of 0.96 and a beta of 0.88. Powell Industries has a 52-week low of $72.51 and a 52-week high of $209.14.

Powell Industries (NASDAQ:POWL) last issued its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $3.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $1.63. The business had revenue of $288.17 million for the quarter, compared to the consensus estimate of $222.18 million. Powell Industries had a return on equity of 33.09% and a net margin of 13.77%. The company’s quarterly revenue was up 49.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.52 earnings per share.

Institutional Investors Weigh In On Powell Industries

Several large investors have recently modified their holdings of the business. Raymond James & Associates purchased a new stake in shares of Powell Industries during the 4th quarter worth $1,085,000. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Powell Industries in the 4th quarter worth approximately $384,000. Private Trust Co. NA bought a new position in shares of Powell Industries during the 4th quarter worth approximately $192,000. New York State Teachers Retirement System lifted its position in Powell Industries by 17.5% during the fourth quarter. New York State Teachers Retirement System now owns 8,108 shares of the industrial products company’s stock valued at $717,000 after acquiring an additional 1,205 shares during the last quarter. Finally, Stratos Wealth Partners LTD. boosted its stake in Powell Industries by 119.5% in the fourth quarter. Stratos Wealth Partners LTD. now owns 17,253 shares of the industrial products company’s stock valued at $1,525,000 after acquiring an additional 9,393 shares in the last quarter. Institutional investors own 89.77% of the company’s stock.

Insider Activity at Powell Industries

In related news, major shareholder Thomas W. Powell sold 20,000 shares of the firm’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $205.87, for a total value of $4,117,400.00. Following the transaction, the insider now owns 1,668,628 shares of the company’s stock, valued at approximately $343,520,446.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Brett Alan Cope sold 2,750 shares of the firm’s stock in a transaction on Friday, July 12th. The stock was sold at an average price of $142.31, for a total transaction of $391,352.50. Following the transaction, the chief executive officer now owns 148,737 shares in the company, valued at $21,166,762.47. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Thomas W. Powell sold 20,000 shares of Powell Industries stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $205.87, for a total value of $4,117,400.00. Following the completion of the sale, the insider now owns 1,668,628 shares of the company’s stock, valued at $343,520,446.36. The disclosure for this sale can be found here. Insiders sold a total of 34,650 shares of company stock worth $6,472,034 in the last quarter. 2.20% of the stock is owned by company insiders.

Powell Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Wednesday, August 14th will be paid a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend is Wednesday, August 14th. Powell Industries’s dividend payout ratio is currently 12.59%.

Powell Industries Company Profile

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.