$1.08 Earnings Per Share Expected for American Water Works (AWK) This Quarter
Equities research analysts expect that American Water Works (NYSE:AWK) will post earnings per share (EPS) of $1.08 for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for American Water Works’ earnings, with estimates ranging from $1.03 to $1.12. American Water Works reported earnings of $1.05 per share in the same quarter last year, which would suggest a positive year over year growth rate of 2.9%. The business is scheduled to announce its next earnings results on Wednesday, November 1st.
According to Zacks, analysts expect that American Water Works will report full year earnings of $3.01 per share for the current year, with EPS estimates ranging from $2.98 to $3.05. For the next financial year, analysts expect that the firm will report earnings of $3.25 per share, with EPS estimates ranging from $3.20 to $3.31. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for American Water Works.
American Water Works (NYSE:AWK) last posted its earnings results on Wednesday, August 2nd. The utilities provider reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.07). The firm had revenue of $844.00 million for the quarter, compared to analyst estimates of $869.52 million. American Water Works had a net margin of 14.20% and a return on equity of 9.70%. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.77 earnings per share.
A number of analysts have weighed in on AWK shares. BidaskClub cut American Water Works from a “buy” rating to a “hold” rating in a research report on Friday, June 30th. Zacks Investment Research upgraded American Water Works from a “hold” rating to a “buy” rating and set a $87.00 price objective for the company in a research note on Tuesday, July 11th. Vetr cut American Water Works from a “buy” rating to a “hold” rating and set a $84.04 price objective for the company. in a report on Wednesday, June 14th. Boenning Scattergood reissued a “hold” rating on shares of American Water Works in a report on Friday, September 22nd. Finally, Robert W. Baird restated a “hold” rating and issued a $82.00 target price on shares of American Water Works in a research note on Sunday. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $82.86.
American Water Works (AWK) opened at 81.75 on Wednesday. The firm has a 50-day moving average of $81.71 and a 200 day moving average of $79.59. The company has a market cap of $14.57 billion, a PE ratio of 31.20 and a beta of 0.25. American Water Works has a 52-week low of $69.41 and a 52-week high of $83.14.
In other news, COO Walter Lynch sold 3,335 shares of the stock in a transaction on Monday, August 28th. The stock was sold at an average price of $82.05, for a total transaction of $273,636.75. Following the sale, the chief operating officer now owns 94,702 shares in the company, valued at $7,770,299.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.34% of the stock is currently owned by insiders.
Several institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its position in American Water Works by 1,423.2% during the 1st quarter. BlackRock Inc. now owns 14,519,771 shares of the utilities provider’s stock worth $1,129,202,000 after buying an additional 13,566,529 shares in the last quarter. Janus Henderson Group PLC grew its holdings in American Water Works by 8,104.3% during the 2nd quarter. Janus Henderson Group PLC now owns 1,712,232 shares of the utilities provider’s stock worth $133,469,000 after acquiring an additional 1,691,362 shares during the last quarter. Vanguard Group Inc. grew its holdings in American Water Works by 3.9% during the 1st quarter. Vanguard Group Inc. now owns 17,720,019 shares of the utilities provider’s stock worth $1,378,085,000 after acquiring an additional 657,026 shares during the last quarter. Harbour Capital Advisors LLC grew its holdings in American Water Works by 7,096.4% during the 2nd quarter. Harbour Capital Advisors LLC now owns 655,949 shares of the utilities provider’s stock worth $8,415,000 after acquiring an additional 646,834 shares during the last quarter. Finally, NN Investment Partners Holdings N.V. grew its holdings in American Water Works by 72.6% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 741,246 shares of the utilities provider’s stock worth $57,780,000 after acquiring an additional 311,901 shares during the last quarter. 79.77% of the stock is owned by institutional investors and hedge funds.
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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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