Wall Street brokerages predict that American Water Works Company Inc (NYSE:AWK) will post earnings of $1.16 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for American Water Works’ earnings, with the highest EPS estimate coming in at $1.20 and the lowest estimate coming in at $1.13. American Water Works posted earnings of $1.08 per share during the same quarter last year, which would suggest a positive year over year growth rate of 7.4%. The firm is scheduled to issue its next earnings results on Wednesday, November 7th.
On average, analysts expect that American Water Works will report full-year earnings of $3.28 per share for the current financial year, with EPS estimates ranging from $3.22 to $3.30. For the next financial year, analysts expect that the firm will post earnings of $3.52 per share, with EPS estimates ranging from $3.45 to $3.58. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that cover American Water Works.
American Water Works (NYSE:AWK) last issued its quarterly earnings data on Wednesday, August 1st. The utilities provider reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.02. The firm had revenue of $853.00 million for the quarter, compared to analyst estimates of $866.02 million. American Water Works had a net margin of 13.94% and a return on equity of 10.32%. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.73 earnings per share.
AWK has been the topic of several recent research reports. Zacks Investment Research raised shares of American Water Works from a “hold” rating to a “buy” rating and set a $98.00 price objective on the stock in a research report on Monday, July 23rd. ValuEngine raised shares of American Water Works from a “hold” rating to a “buy” rating in a research report on Monday. Boenning Scattergood reaffirmed a “neutral” rating on shares of American Water Works in a research report on Thursday, June 28th. Finally, Evercore ISI assumed coverage on shares of American Water Works in a research report on Monday. They set an “outperform” rating and a $96.00 price objective on the stock. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $90.42.
In other news, SVP Loyd A. Warnock sold 10,520 shares of the firm’s stock in a transaction on Friday, August 31st. The shares were sold at an average price of $87.86, for a total value of $924,287.20. Following the sale, the senior vice president now owns 12,322 shares in the company, valued at $1,082,610.92. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Melanie M. Kennedy sold 1,114 shares of the firm’s stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $88.78, for a total transaction of $98,900.92. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,634 shares of company stock worth $1,918,888. Corporate insiders own 0.35% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Synovus Financial Corp acquired a new stake in American Water Works during the first quarter worth $114,000. Signaturefd LLC acquired a new stake in American Water Works during the first quarter worth $121,000. Centaurus Financial Inc. acquired a new stake in American Water Works during the second quarter worth $126,000. McKinley Carter Wealth Services Inc. acquired a new stake in American Water Works during the first quarter worth $148,000. Finally, Edge Wealth Management LLC acquired a new stake in American Water Works during the second quarter worth $149,000. Institutional investors and hedge funds own 83.32% of the company’s stock.
Shares of AWK opened at $88.43 on Tuesday. The company has a market cap of $15.81 billion, a P/E ratio of 29.18, a price-to-earnings-growth ratio of 3.44 and a beta of 0.11. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.27 and a current ratio of 0.28. American Water Works has a twelve month low of $76.04 and a twelve month high of $92.37.
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 4th. Shareholders of record on Friday, August 10th were issued a dividend of $0.455 per share. The ex-dividend date of this dividend was Thursday, August 9th. This represents a $1.82 annualized dividend and a yield of 2.06%. American Water Works’s dividend payout ratio (DPR) is presently 60.07%.
About American Water Works
American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States and Canada. It offers water and wastewater services to approximately 1,600 communities in 16 states. The company operates approximately 72 surface water treatment plants; 527 groundwater treatment plants; 8 combined treatment plants; 127 wastewater treatment plants; 50,382 miles of transmission, distribution, and collection mains and pipes; 1,103 groundwater wells; 1,428 water and wastewater pumping stations; 1,313 treated water storage facilities; and 80 dams.
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