Powell Industries (POWL) Releases Earnings Results, Beats Expectations By $0.35 EPS

Powell Industries (POWL) reported quarterly earnings results on Tuesday, Aug-2-2016. The company said it had a profit of $0.47 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.35. Analysts had a consensus of $0.12. The company posted revenue of $133.20 million in the period, compared to analysts expectations of $126.74 million. The company’s revenue was down -24.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 EPS.

Many Wall Street Analysts have commented on Powell Industries. Sidoti Downgraded Powell Industries on Jul 6, 2016 to ” Neutral”, Price Target of the shares are set at $42.

Powell Industries opened for trading at $36.49 and hit $37.09 on the upside on Friday, eventually ending the session at $36.84, with a gain of 0.82% or 0.3 points. The heightened volatility saw the trading volume jump to 31,866 shares. Company has a market cap of $420 M.

In a different news, on May 10, 2016, Richard E Williams (director) purchased 1,000 shares at $33.79 per share price. According to the SEC, on Sep 21, 2015, Joseph L Becherer (director) purchased 180 shares at $28.83 per share price.

Powell Industries Inc. (Powell) develops designs manufactures and services custom engineered-to-order equipment and systems for the management and control of electrical energy and other critical processes. The Company’s wholly owned subsidiaries include: Powell Electrical Systems Inc.; Transdyn Inc.; Powell Industries International B.V.; Switchgear & Instrumentation Limited (S&I) and Powell Canada Inc. The Company’s business operations are consolidated into two business segments: Electrical Power Products and Process Control Systems. The Electrical Power Products business segment develops designs manufactures and markets custom engineered-to-order electrical power distribution and control systems designed to distribute monitor and control the flow of electrical energy and to provide protection to motors transformers and other electrically-powered equipment.

Powell Industries

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