American Water Works (NYSE:AWK) Releases FY20 Earnings Guidance

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American Water Works (NYSE:AWK) issued an update on its FY20 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $3.79-3.89 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.93. American Water Works also updated its FY19 guidance to $3.56-3.64 EPS.

NYSE AWK traded down $0.13 during trading on Tuesday, hitting $122.35. The company’s stock had a trading volume of 757,926 shares, compared to its average volume of 968,826. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.54 and a quick ratio of 0.51. The company has a market cap of $22.18 billion, a PE ratio of 37.08, a P/E/G ratio of 4.21 and a beta of 0.06. The business’s 50 day simple moving average is $120.28 and its 200-day simple moving average is $119.90. American Water Works has a fifty-two week low of $85.89 and a fifty-two week high of $129.89.

American Water Works (NYSE:AWK) last issued its quarterly earnings results on Wednesday, October 30th. The utilities provider reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.03. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.01 billion. American Water Works had a return on equity of 10.77% and a net margin of 17.85%. The company’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the company earned $1.20 earnings per share. Analysts expect that American Water Works will post 3.61 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 4th. Shareholders of record on Friday, February 7th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.63%. The ex-dividend date is Thursday, February 6th. American Water Works’s dividend payout ratio is presently 60.61%.

Several equities research analysts have weighed in on AWK shares. ValuEngine downgraded American Water Works from a buy rating to a hold rating in a report on Wednesday, October 2nd. Robert W. Baird raised their price target on American Water Works from $117.00 to $128.00 and gave the stock an outperform rating in a report on Wednesday, October 2nd. Janney Montgomery Scott raised their price target on American Water Works from $121.00 to $153.00 and gave the stock a buy rating in a report on Monday, October 7th. Wells Fargo & Co reissued a hold rating on shares of American Water Works in a report on Friday. Finally, JPMorgan Chase & Co. started coverage on American Water Works in a report on Friday, November 15th. They issued a neutral rating and a $127.00 price target for the company. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. American Water Works presently has an average rating of Hold and an average price target of $129.17.

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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Earnings History and Estimates for American Water Works (NYSE:AWK)

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