American Water Works (AWK) to Release Quarterly Earnings on Wednesday
American Water Works (NYSE:AWK) is scheduled to announce its earnings results after the market closes on Wednesday, August 2nd. Analysts expect the company to announce earnings of $0.80 per share for the quarter. American Water Works has set its FY17 guidance at $2.98-3.08 EPS.
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 consensus estimate of $0.52. American Water Works had a net margin of 14.45% and a return on equity of 9.92%. The company had revenue of $756 million for the quarter, compared to analyst estimates of $759.54 million. During the same quarter in the previous year, the firm posted $0.46 earnings per share. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. On average, analysts expect American Water Works to post $3.03 EPS for the current fiscal year and $3.29 EPS for the next fiscal year.
Shares of American Water Works (NYSE AWK) opened at 80.76 on Wednesday. The stock has a 50 day moving average of $79.66 and a 200 day moving average of $76.81. The company has a market cap of $14.39 billion, a price-to-earnings ratio of 30.13 and a beta of 0.24. American Water Works has a 52-week low of $69.41 and a 52-week high of $83.21.
In related news, SVP Loyd A. Warnock sold 1,263 shares of the firm’s stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $75.21, for a total value of $94,990.23. Following the transaction, the senior vice president now owns 7,055 shares of the company’s stock, valued at $530,606.55. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.34% of the company’s stock.
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A number of analysts have recently issued reports on the stock. Vetr downgraded shares of American Water Works from a “buy” rating to a “hold” rating and set a $84.04 price target on the stock. in a report on Wednesday, June 14th. BidaskClub raised shares of American Water Works from a “hold” rating to a “buy” rating in a report on Tuesday. Zacks Investment Research downgraded shares of American Water Works from a “hold” rating to a “sell” rating in a report on Tuesday, April 25th. Northcoast Research assumed coverage on shares of American Water Works in a report on Thursday, May 25th. They set a “neutral” rating on the stock. Finally, Robert W. Baird downgraded shares of American Water Works from an “outperform” rating to a “neutral” rating and raised their price target for the company from $69.41 to $82.00 in a report on Wednesday, April 26th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. American Water Works currently has a consensus rating of “Buy” and a consensus target price of $82.63.
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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