Analysts Anticipate American Water Works Company Inc (AWK) Will Post Earnings of $0.94 Per Share

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Wall Street analysts expect American Water Works Company Inc (NYSE:AWK) to report earnings per share (EPS) of $0.94 for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for American Water Works’ earnings. The lowest EPS estimate is $0.89 and the highest is $1.04. American Water Works reported earnings of $0.83 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 13.3%. The business is scheduled to report its next earnings report on Wednesday, August 7th.

On average, analysts expect that American Water Works will report full-year earnings of $3.60 per share for the current financial year, with EPS estimates ranging from $3.56 to $3.65. For the next fiscal year, analysts expect that the business will post earnings of $3.89 per share, with EPS estimates ranging from $3.85 to $3.95. Zacks’ EPS averages are an average based on a survey of analysts that cover American Water Works.

American Water Works (NYSE:AWK) last posted its quarterly earnings data on Wednesday, May 1st. The utilities provider reported $0.61 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.02). The business had revenue of $813.00 million during the quarter, compared to analyst estimates of $792.73 million. American Water Works had a net margin of 16.44% and a return on equity of 10.25%. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.59 earnings per share.

AWK has been the topic of several analyst reports. Zacks Investment Research raised shares of American Water Works from a “hold” rating to a “buy” rating and set a $123.00 target price on the stock in a report on Thursday, May 16th. Boenning Scattergood reaffirmed a “hold” rating on shares of American Water Works in a report on Thursday, May 2nd. Janney Montgomery Scott reaffirmed a “buy” rating and issued a $121.00 target price (up previously from $102.00) on shares of American Water Works in a report on Thursday, May 2nd. Wells Fargo & Co downgraded shares of American Water Works from an “outperform” rating to a “market perform” rating and set a $111.00 target price on the stock. in a report on Tuesday, March 26th. They noted that the move was a valuation call. Finally, Bank of America lifted their target price on shares of American Water Works from $92.00 to $103.00 and gave the company a “neutral” rating in a report on Thursday, February 21st. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $109.67.

In related news, SVP Loyd A. Warnock sold 9,502 shares of the business’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $111.04, for a total transaction of $1,055,102.08. Following the sale, the senior vice president now owns 18,314 shares of the company’s stock, valued at $2,033,586.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Michael A. Sgro sold 6,680 shares of the business’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $110.93, for a total transaction of $741,012.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 34,727 shares of company stock worth $3,857,391. Insiders own 0.36% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in AWK. Barrett Asset Management LLC purchased a new stake in shares of American Water Works in the first quarter valued at about $25,000. Larson Financial Group LLC purchased a new stake in shares of American Water Works in the fourth quarter valued at about $28,000. Citizens Financial Group Inc RI purchased a new stake in shares of American Water Works in the first quarter valued at about $30,000. Ruggie Capital Group purchased a new stake in shares of American Water Works in the fourth quarter valued at about $31,000. Finally, Capital Financial Planning LLC purchased a new stake in shares of American Water Works in the fourth quarter valued at about $31,000. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

NYSE AWK traded up $0.37 during trading on Friday, reaching $113.69. The company’s stock had a trading volume of 678,486 shares, compared to its average volume of 1,005,073. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.30 and a current ratio of 0.32. The firm has a market cap of $20.52 billion, a PE ratio of 34.45, a P/E/G ratio of 3.83 and a beta of 0.25. American Water Works has a twelve month low of $77.73 and a twelve month high of $113.92.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Monday, May 13th will be issued a $0.50 dividend. This is an increase from American Water Works’s previous quarterly dividend of $0.46. The ex-dividend date is Friday, May 10th. This represents a $2.00 annualized dividend and a dividend yield of 1.76%. American Water Works’s payout ratio is presently 60.61%.

American Water Works Company Profile

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 serving approximately 3.4 million active customers. The company serves residential customers; commercial customers, such as food and beverage providers, commercial property developers and proprietors, and energy suppliers; fire service and private fire customers; industrial customers, such as large-scale manufacturers, mining, and production operations; public authorities comprising government buildings and other public sector facilities; and other utilities and community water and wastewater systems.

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