Wall Street analysts predict that American Water Works (NYSE:AWK) will post sales of $987.33 million for the current fiscal quarter, Zacks reports. Four analysts have made estimates for American Water Works’ earnings, with the lowest sales estimate coming in at $957.90 million and the highest estimate coming in at $1.01 billion. American Water Works reported sales of $930.00 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 6.2%. The firm is scheduled to report its next earnings results after the market closes on Wednesday, November 1st.

According to Zacks, analysts expect that American Water Works will report full-year sales of $987.33 million for the current financial year, with estimates ranging from $3.39 billion to $3.49 billion. For the next year, analysts expect that the firm will post sales of $3.59 billion per share, with estimates ranging from $3.49 billion to $3.68 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover 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). American Water Works had a net margin of 14.20% and a return on equity of 9.70%. The firm had revenue of $844.00 million during the quarter, compared to analyst estimates of $869.52 million. During the same quarter in the previous year, the business posted $0.77 earnings per share. The business’s quarterly revenue was up 2.1% compared to the same quarter last year.

Several research firms have issued reports on AWK. BidaskClub lowered shares of American Water Works from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. Boenning Scattergood reaffirmed a “hold” rating on shares of American Water Works in a research report on Friday, September 22nd. Zacks Investment Research raised shares of American Water Works from a “sell” rating to a “hold” rating in a research report on Thursday, September 14th. Vetr lowered 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 research report on Wednesday, June 14th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $82.00 price target on shares of American Water Works in a research report on Sunday, October 1st. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $82.86.

American Water Works (NYSE AWK) traded down 0.70% on Friday, reaching $82.33. 55,182 shares of the company were exchanged. American Water Works has a 12-month low of $69.41 and a 12-month high of $83.14. The firm has a market capitalization of $14.67 billion, a PE ratio of 31.42 and a beta of 0.25. The stock has a 50 day moving average of $81.77 and a 200 day moving average of $79.63.

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In other American Water Works news, COO Walter Lynch sold 3,335 shares of the company’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $82.05, for a total value of $273,636.75. Following the transaction, the chief operating officer now directly owns 94,702 shares in the company, valued at $7,770,299.10. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.34% of the stock is owned by insiders.

Several large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of American Water Works by 2.6% in the second quarter. Vanguard Group Inc. now owns 18,185,767 shares of the utilities provider’s stock valued at $1,417,580,000 after purchasing an additional 465,748 shares during the last quarter. BlackRock Inc. increased its holdings in shares of American Water Works by 1,423.2% in the first quarter. BlackRock Inc. now owns 14,519,771 shares of the utilities provider’s stock valued at $1,129,202,000 after purchasing an additional 13,566,529 shares during the last quarter. Pictet Asset Management Ltd. increased its holdings in shares of American Water Works by 3.2% in the second quarter. Pictet Asset Management Ltd. now owns 4,004,935 shares of the utilities provider’s stock valued at $313,105,000 after purchasing an additional 125,587 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of American Water Works by 0.5% in the second quarter. Franklin Resources Inc. now owns 2,680,122 shares of the utilities provider’s stock valued at $208,915,000 after purchasing an additional 12,280 shares during the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of American Water Works by 11.0% in the second quarter. Wells Fargo & Company MN now owns 2,532,449 shares of the utilities provider’s stock valued at $197,405,000 after purchasing an additional 251,271 shares during the last quarter. Hedge funds and other institutional investors own 79.77% of the company’s stock.

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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