In today’s recent session, 0.6 million shares of the Powell Industries, Inc (NASDAQ:POWL) have been traded, and its beta is 0.88. Most recently the company’s share price was $267.82, and it changed around -$44.58 or -14.27% from the last close, which brings the market valuation of the company to $3.21B. POWL at last check was trading at a discount to its 52-week high of $364.98, offering almost -36.28% off that amount. The share price’s 52-week low was $75.05, which indicates that the recent value has risen by an impressive 71.98% since then. We note from Powell Industries, Inc’s average daily trading volume that its 10-day average is 0.53 million shares, with the 3-month average coming to 424.37K.
Powell Industries, Inc stock received a consensus recommendation rating of Hold, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 4 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 3 recommended POWL as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Powell Industries, Inc is expected to report earnings per share of 2.39 for the current quarter.
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Powell Industries, Inc (NASDAQ:POWL) trade information
Instantly POWL has been showing red trend so far today with a performance of -14.27% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 319.74 on recent trading dayincreased the stock’s daily price by 16.24%. The company’s shares are currently up 202.96% year-to-date, but still down -15.58% over the last five days. On the other hand, Powell Industries, Inc (NASDAQ:POWL) is 0.27% up in the 30-day period. We can see from the shorts that 1.7 million shares have been sold at a short interest cover period of 4.64 day(s).
Powell Industries, Inc (POWL) estimates and forecasts
Powell Industries, Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 37.56 percent over the past six months and at a 1.22% annual growth rate that is well below the industry average of 15.00%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 20.96% in revenue this quarter, and will report an increase of 12.00% in the next quarter. The year-over-year growth rate is expected to be 9.97%, up from the previous year.
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 226.03M in revenue for the current quarter. 2 analysts expect Powell Industries, Inc to make 271.69M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 194.02M and 255.11M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 16.50%. Forecasts for the next quarter put sales growth at 6.50%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 70.61%. Powell Industries, Inc earnings are expected to increase by -0.98% in 2024, but the outlook is positive 11.00% per year for the next five years.
POWL Dividends
Powell Industries, Inc’s next quarterly earnings report is expected to be released in December. The annual dividend yield of the stock is 0.30 percent and its annual dividend per share was 0.80. It is important to note, however, that the 0.30% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 2.89 per year.
Powell Industries, Inc (NASDAQ:POWL)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 21.86% of Powell Industries, Inc shares, and 93.52% of them are in the hands of institutional investors. The stock currently has a share float of 119.69%. Powell Industries, Inc stock is held by 433.0 institutions, with TRANSFORM WEALTH, LLC being the largest institutional investor. By 2024-06-30, it held 13.9607% of the shares, which is about 1.67 million shares worth $240.07 million.
BLACKROCK INC., with 11.7387% or 1.41 million shares worth $201.86 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
iShares Core S&P Smallcap ETF and Pacer Small Cap U.S. Cash Cows 100 ETF were the top two Mutual Funds as of Sep 30, 2024. The former held 595.8 shares worth $159.24 million, making up 4.97% of all outstanding shares. On the other hand, Pacer Small Cap U.S. Cash Cows 100 ETF held roughly 464.69 shares worth around $124.2 million, which represents about 3.88% of the total shares outstanding.
