Powell Industries, Inc. (NASDAQ:POWL):
Powell Industries Names Brett A. Cope President And Chief Executive Officer.
The company is now up by 1.34 percent from yesterday’s close.
The company declared a dividend for shareholders paid on Wednesday September 14th, 2016. The dividend was $0.260 per share for the quarter or $1.04 annualized. This dividend amount represented a yeild of $2.68. The ex-dividend date was Monday the 15th of August 2016.
It is currently trading at $39.20 which is marginally higher than $39.05, the stock’s 50 day moving average and slightly over the 200 day moving average of $35.27. The 50 day moving average was up $0.15 or +0.38% and the 200 day average went up by +11.16%.
Powell Industries, Inc.’s P/E ratio is 27.74 and the market value is 446.61M. In the latest earnings report the EPS was $1.41 and is expected to be $1.41 for the current year with 11,393,000 shares outstanding. Next quarter’s EPS is expected be $0.06 with next year’s EPS projected to be $0.61.
Traders are a little more bearish on shares of Powell Industries, Inc. if you look at the increase in short interest. The firm had a rise in short interest from August 31, 2016 to September 15, 2016 of 0.01%. Short interest grew from 169,708 to 171,236 over that period. The short-interest ratio increased to 5.3 and the short interest percentage is 0.02% as of September 15.
Brokerage firms have issued ratings on the company recently. On February 5, 2015 Stifel Nicolaus maintained a price target of $54.00 but cut the company from Buy to Hold. On February 5 the stock rating was downgraded to “Hold” from “Buy” and a price target of $54.00 was set in a report issued by Stifel Nicolaus.
January 16 investment analysts at DA Davidson made no change to the price target of $43.00 and upgraded the stock to Neutral from Underperform. On January 16 the company was upgraded to “Neutral” from “Underperform” with a current price target of $43.00 in an announcement from DA Davidson.
DA Davidson lowered the price target and downgraded the stock on January 5 cutting the price target from $45.00 to $43.00 and setting the rating at “Underperform” which had previously been “Neutral”. On January 5 the company was downgraded to “Underperform” from “Neutral” and a price target of $43.00 was set in a statement from DA Davidson.