Powell Industries, Inc. (NASDAQ:POWL) is reporting third quarter earnings results on Tuesday 4th August 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.32 per share from $ 128.81 million in revenue.
For the full year, analysts predict revenues of $ 548.07 million, while looking forward to income of $ 1.54 per share.
Previous Quarter Performance
Powell Industries, Inc. announced income for the second quarter of $ 0.64 per share, from the revenue of $ 151.57 million. The quarterly earnings enlarged 700.00 percent compared with the same quarter last year. According to street consensus, POWL was expected to report 2Q20 income of $ 0.38 per share from revenue of $ 137.36 million. The bottom line results beat street analysts by $ 0.26 or 68.42 percent, at the same time, top line results outshined analysts by $ 14.21 million or 10.35 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of POWL was $ 27.38, representing a 75.29 % increase from the 52 week low of $ 15.62 and a 46.11 % decrease over the 52 week high of $ 50.81.
The company has a market capital of $ 317.99 million and is part of the Industrials sector and Diversified Industrials industry.
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Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.26 per share on May 5, 2020. The dividend were payable on June 17, 2020 to holders of record as of the close of business on May 20, 2020 and ex-dividend date on May 19, 2020.
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 companys 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. Its products have application in voltages ranging from 480 volts to 38,000 volts; and are used in oil and gas refining, offshore oil and gas production, petrochemical, pipeline, terminal, mining and metals, light rail traction power, electric utility, pulp and paper, and other heavy industrial markets.
