American Water Works Company Inc (AWK) Expected to Post Earnings of $0.66 Per Share

Wall Street brokerages forecast that American Water Works Company Inc (NYSE:AWK) will report $0.66 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Four analysts have made 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 suggests a positive year over year growth rate of 15.8%. The firm 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 expect that the firm will report earnings of $3.27 per share, with EPS estimates ranging from $3.20 to $3.37. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for American Water Works.

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

Several research analysts have recently commented on AWK shares. Zacks Investment Research raised American Water Works from a “sell” rating to a “hold” rating in a research note on Thursday, September 14th. Boenning Scattergood reaffirmed a “hold” rating on shares of American Water Works in a research note on Friday, September 22nd. Robert W. Baird reiterated a “hold” rating and set a $82.00 target price on shares of American Water Works in a research report on Sunday, October 1st. Wells Fargo & Co set a $89.00 target price on American Water Works and gave the stock a “hold” rating in a research report on Thursday, October 19th. Finally, Bank of America started coverage on 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. Ten equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $90.51.

American Water Works (AWK) traded down $0.86 during midday trading on Thursday, hitting $86.75. The stock had a trading volume of 1,140,900 shares, compared to its average volume of 878,386. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.49 and a quick ratio of 0.47. American Water Works has a 1 year low of $69.96 and a 1 year high of $92.37. The company has a market capitalization of $15,474.03, a P/E ratio of 29.41, a P/E/G ratio of 3.55 and a beta of 0.27.

The firm also recently announced 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. This represents a $1.66 annualized dividend and a dividend yield of 1.91%. The ex-dividend date is Tuesday, February 6th. American Water Works’s dividend payout ratio is currently 56.27%.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Pinebridge Investments L.P. purchased a new position in American Water Works during the 2nd quarter valued at approximately $118,000. Aviance Capital Management LLC purchased a new position in American Water Works during the 2nd quarter valued at approximately $147,000. Almanack Investment Partners LLC. purchased a new position in American Water Works during the 2nd quarter valued at approximately $154,000. Northwestern Mutual Wealth Management Co. grew its holdings in American Water Works by 8.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,441 shares of the utilities provider’s stock valued at $190,000 after buying an additional 197 shares in the last quarter. Finally, Evercore Wealth Management LLC grew its holdings in American Water Works by 8.2% during the 2nd quarter. Evercore Wealth Management LLC now owns 2,500 shares of the utilities provider’s stock valued at $195,000 after buying an additional 189 shares in the last quarter. Institutional investors and hedge funds own 80.79% of the company’s stock.

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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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