$0.66 Earnings Per Share Expected for American Water Works (AWK) This Quarter

Wall Street brokerages expect that American Water Works (NYSE:AWK) will post earnings of $0.66 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for American Water Works’ earnings. The lowest EPS estimate is $0.63 and the highest is $0.68. American Water Works reported earnings per share of $0.57 in the same quarter last year, which would suggest a positive year-over-year growth rate of 15.8%. The company is scheduled to issue its next quarterly earnings results on Tuesday, February 20th.

According to Zacks, analysts expect that American Water Works will report full-year earnings of $3.01 per share for the current fiscal year, with EPS estimates ranging from $2.99 to $3.05. For the next financial year, analysts anticipate that the company will report earnings of $3.27 per share, with EPS estimates ranging from $3.20 to $3.37. Zacks’ EPS calculations are an average based on a survey of research firms that cover American Water Works.

American Water Works (NYSE:AWK) last posted its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $1.08 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.08. American Water Works had a net margin of 15.82% and a return on equity of 9.69%. The business had revenue of $936.00 million during the quarter, compared to analyst estimates of $992.58 million. During the same period in the prior year, the firm earned $1.05 earnings per share. The firm’s revenue was up .6% compared to the same quarter last year.

Several equities analysts have recently weighed in on the company. Zacks Investment Research upgraded American Water Works from a “hold” rating to a “buy” rating and set a $101.00 price target for the company in a research report on Tuesday. Robert W. Baird boosted their target price on shares of American Water Works from $82.00 to $87.00 and gave the company a “neutral” rating in a research report on Friday, November 3rd. Janney Montgomery Scott downgraded shares of American Water Works from a “buy” rating to a “neutral” rating in a research report on Friday, November 3rd. They noted that the move was a valuation call. Boenning Scattergood restated a “hold” rating on shares of American Water Works in a research report on Thursday, November 2nd. Finally, Bank of America began coverage on shares of American Water Works in a research report on Tuesday, October 24th. They set a “buy” rating and a $95.00 target price for the company. Nine investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $88.43.

In other news, insider Deborah A. Degillio sold 822 shares of the stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $89.75, for a total value of $73,774.50. Following the completion of the sale, the insider now owns 3,659 shares of the company’s stock, valued at approximately $328,395.25. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Michael A. Sgro sold 841 shares of the stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $90.03, for a total transaction of $75,715.23. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,856 shares of company stock valued at $616,700. 0.34% of the stock is owned by corporate insiders.

Institutional investors have recently bought and sold shares of the company. Pinebridge Investments L.P. acquired a new stake in shares of American Water Works in the second quarter valued at about $118,000. Peddock Capital Advisors LLC acquired a new position in American Water Works during the second quarter valued at approximately $131,000. Aviance Capital Management LLC acquired a new position in American Water Works during the second quarter valued at approximately $147,000. Almanack Investment Partners LLC. acquired a new position in American Water Works during the second quarter valued at approximately $154,000. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in American Water Works by 8.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,441 shares of the utilities provider’s stock valued at $190,000 after purchasing an additional 197 shares during the last quarter. 80.79% of the stock is owned by institutional investors and hedge funds.

American Water Works (NYSE AWK) traded up $0.81 during trading on Monday, reaching $90.51. The company’s stock had a trading volume of 640,151 shares, compared to its average volume of 886,575. The company has a quick ratio of 0.47, a current ratio of 0.49 and a debt-to-equity ratio of 1.21. The company has a market capitalization of $16,140.00, a P/E ratio of 30.68, a PEG ratio of 3.99 and a beta of 0.27. American Water Works has a 1 year low of $69.96 and a 1 year high of $92.37.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Wednesday, February 7th will be given a dividend of $0.415 per share. The ex-dividend date is Tuesday, February 6th. This represents a $1.66 annualized dividend and a dividend yield of 1.83%. American Water Works’s dividend payout ratio (DPR) is presently 56.27%.

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

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