Equities research analysts expect American Water Works Company Inc (NYSE:AWK) to report earnings of $0.54 per share for the current quarter, Zacks reports. Two analysts have provided estimates for American Water Works’ earnings, with the highest EPS estimate coming in at $0.57 and the lowest estimate coming in at $0.52. American Water Works posted earnings per share of $0.52 during the same quarter last year, which would suggest a positive year-over-year growth rate of 3.8%. The company is scheduled to issue its next quarterly earnings report on Wednesday, May 2nd.
According to Zacks, analysts expect that American Water Works will report full year earnings of $3.25 per share for the current financial year, with EPS estimates ranging from $3.20 to $3.30. For the next year, analysts anticipate that the firm will report earnings of $3.50 per share, with EPS estimates ranging from $3.45 to $3.55. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that cover American Water Works.
American Water Works (NYSE:AWK) last posted its quarterly earnings results on Tuesday, February 20th. The utilities provider reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.03. The firm had revenue of $821.00 million during the quarter, compared to analyst estimates of $843.36 million. American Water Works had a return on equity of 10.03% and a net margin of 12.69%. American Water Works’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.57 EPS.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in AWK. Zimmer Partners LP increased its position in shares of American Water Works by 284.5% during the 4th quarter. Zimmer Partners LP now owns 932,500 shares of the utilities provider’s stock valued at $85,314,000 after purchasing an additional 690,000 shares during the last quarter. Amundi Pioneer Asset Management Inc. purchased a new stake in shares of American Water Works during the 4th quarter valued at about $53,365,000. Ardevora Asset Management LLP purchased a new stake in shares of American Water Works during the 3rd quarter valued at about $33,574,000. JPMorgan Chase & Co. increased its position in shares of American Water Works by 56.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 853,175 shares of the utilities provider’s stock valued at $69,200,000 after purchasing an additional 309,177 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of American Water Works by 11.0% during the 4th quarter. Wells Fargo & Company MN now owns 3,051,998 shares of the utilities provider’s stock valued at $279,228,000 after purchasing an additional 303,098 shares during the last quarter. 81.43% of the stock is owned by hedge funds and other institutional investors.
Shares of American Water Works (NYSE:AWK) traded down $0.60 during trading hours on Friday, reaching $79.36. The company’s stock had a trading volume of 1,069,316 shares, compared to its average volume of 1,256,248. American Water Works has a fifty-two week low of $74.63 and a fifty-two week high of $92.37. The company has a current ratio of 0.31, a quick ratio of 0.29 and a debt-to-equity ratio of 1.21. The stock has a market cap of $14,280.00, a price-to-earnings ratio of 26.01, a price-to-earnings-growth ratio of 3.33 and a beta of 0.14.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Wednesday, February 7th will be given a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend is Tuesday, February 6th. American Water Works’s payout ratio is currently 53.90%.
American Water Works Company Profile
American Water Works Company, Inc is a holding company for regulated and market-based subsidiaries throughout the United States and Ontario, Canada. The Company’s Regulated Businesses segment provides water and wastewater services as public utilities in 16 states in the United States as of December 31, 2016.
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