Zacks: Brokerages Anticipate American Water Works (NYSE:AWK) to Post $0.80 Earnings Per Share
Equities research analysts predict that American Water Works (NYSE:AWK) will announce earnings per share (EPS) of $0.80 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for American Water Works’ earnings. The lowest EPS estimate is $0.78 and the highest is $0.83. American Water Works posted earnings per share of $0.77 during the same quarter last year, which suggests a positive year-over-year growth rate of 3.9%. The firm is expected to issue its next earnings results after the market closes on Wednesday, August 2nd.
According to Zacks, analysts expect that American Water Works will report full-year earnings of $3.03 per share for the current fiscal year, with EPS estimates ranging from $3.00 to $3.05. For the next year, analysts anticipate that the firm will report earnings of $3.27 per share, with EPS estimates ranging from $3.20 to $3.31. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that that provide coverage for American Water Works.
American Water Works (NYSE:AWK) last posted its quarterly earnings results on Wednesday, May 3rd. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.52. The business had revenue of $756 million for the quarter, compared to analyst estimates of $759.54 million. American Water Works had a return on equity of 9.92% and a net margin of 14.45%. The business’s revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.46 EPS.
Several brokerages have recently weighed in on AWK. Vetr lowered American Water Works from a “buy” rating to a “hold” rating and set a $84.04 price objective on the stock. in a report on Wednesday, June 14th. BidaskClub lowered American Water Works from a “buy” rating to a “hold” rating in a research note on Friday, June 30th. Zacks Investment Research lowered American Water Works from a “hold” rating to a “sell” rating in a research note on Tuesday, April 25th. Northcoast Research initiated coverage on American Water Works in a research note on Thursday, May 25th. They issued a “neutral” rating on the stock. Finally, Robert W. Baird lowered American Water Works from an “outperform” rating to a “neutral” rating and boosted their price target for the company from $69.41 to $82.00 in a research note on Wednesday, April 26th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. American Water Works presently has a consensus rating of “Hold” and a consensus price target of $82.63.
In other American Water Works news, SVP Loyd A. Warnock sold 1,263 shares of American Water Works stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $75.21, for a total value of $94,990.23. Following the completion of the transaction, the senior vice president now owns 7,055 shares in the company, valued at approximately $530,606.55. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.34% of the company’s stock.
A number of institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its position in shares of American Water Works by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 408,685 shares of the utilities provider’s stock valued at $29,574,000 after buying an additional 2,085 shares during the last quarter. Thrivent Financial for Lutherans increased its position in shares of American Water Works by 5.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 6,180 shares of the utilities provider’s stock valued at $447,000 after buying an additional 340 shares during the last quarter. Quadrature Capital Ltd increased its position in shares of American Water Works by 152.1% in the fourth quarter. Quadrature Capital Ltd now owns 14,761 shares of the utilities provider’s stock valued at $1,068,000 after buying an additional 8,905 shares during the last quarter. Teachers Advisors LLC increased its position in shares of American Water Works by 3.8% in the fourth quarter. Teachers Advisors LLC now owns 975,242 shares of the utilities provider’s stock valued at $70,569,000 after buying an additional 36,014 shares during the last quarter. Finally, Kentucky Retirement Systems acquired a new position in shares of American Water Works during the fourth quarter valued at about $935,000. Hedge funds and other institutional investors own 80.58% of the company’s stock.
American Water Works (NYSE AWK) traded up 0.42% during midday trading on Thursday, hitting $80.36. The company had a trading volume of 48,763 shares. American Water Works has a one year low of $69.41 and a one year high of $83.21. The company has a market cap of $14.32 billion, a P/E ratio of 29.99 and a beta of 0.24. The company’s 50 day moving average is $79.43 and its 200-day moving average is $76.63.
About American Water Works
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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