Powell Industries (POWL) Receiving Somewhat Favorable Press Coverage, Study Finds

News coverage about Powell Industries (NASDAQ:POWL) has been trending somewhat positive on Tuesday, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Powell Industries earned a news sentiment score of 0.08 on Accern’s scale. Accern also assigned headlines about the industrial products company an impact score of 46.5895718511402 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Shares of Powell Industries (POWL) opened at $28.59 on Tuesday. Powell Industries has a 52 week low of $22.80 and a 52 week high of $40.38.

Powell Industries (NASDAQ:POWL) last released its quarterly earnings results on Tuesday, December 5th. The industrial products company reported ($0.42) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.19) by ($0.23). Powell Industries had a negative net margin of 2.40% and a negative return on equity of 2.65%. The business had revenue of $95.00 million during the quarter, compared to the consensus estimate of $87.96 million. During the same period in the prior year, the firm earned $0.54 earnings per share. The business’s quarterly revenue was down 26.8% compared to the same quarter last year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 13th. Investors of record on Tuesday, November 21st were issued a $0.26 dividend. The ex-dividend date of this dividend was Monday, November 20th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.64%. Powell Industries’s dividend payout ratio is -125.30%.

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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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