Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Powell Industries (POWL) Share Price
Press coverage about Powell Industries (NASDAQ:POWL) has trended somewhat positive this week, according to Accern. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Powell Industries earned a news impact score of 0.07 on Accern’s scale. Accern also assigned media coverage about the industrial products company an impact score of 46.8228265020136 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Powell Industries (NASDAQ POWL) traded down 1.98% on Friday, hitting $29.76. 27,936 shares of the stock traded hands. The stock has a market cap of $340.10 million, a price-to-earnings ratio of 291.76 and a beta of 0.84. The firm’s 50-day moving average price is $28.75 and its 200-day moving average price is $31.91. Powell Industries has a 12-month low of $26.76 and a 12-month high of $47.24.
Powell Industries (NASDAQ:POWL) last released its earnings results on Tuesday, August 8th. The industrial products company reported ($0.28) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by ($0.22). The business had revenue of $85.90 million for the quarter, compared to analysts’ expectations of $104.45 million. Powell Industries had a net margin of 0.27% and a return on equity of 0.71%. The business’s quarterly revenue was down 35.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.47 earnings per share. On average, equities research analysts anticipate that Powell Industries will post ($0.52) EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 13th. Stockholders of record on Wednesday, August 23rd were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 3.50%. The ex-dividend date of this dividend was Monday, August 21st. Powell Industries’s dividend payout ratio (DPR) is currently 1,040.10%.
Separately, BidaskClub lowered shares of Powell Industries from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 2nd.
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Powell Industries Company Profile
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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