$987.33 Million in Sales Expected for American Water Works (AWK) This Quarter
Equities analysts expect American Water Works (NYSE:AWK) to post $987.33 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for American Water Works’ earnings, with the highest sales estimate coming in at $1.01 billion and the lowest estimate coming in at $957.90 million. American Water Works posted sales of $930.00 million in the same quarter last year, which suggests a positive year-over-year growth rate of 6.2%. The business is expected to report its next quarterly 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 year, with estimates ranging from $3.39 billion to $3.49 billion. For the next fiscal year, analysts forecast that the company will report sales of $3.59 billion per share, with estimates ranging from $3.49 billion to $3.68 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that that provide coverage for American Water Works.
American Water Works (NYSE:AWK) last issued its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.73 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by ($0.07). American Water Works had a return on equity of 9.70% and a net margin of 14.20%. The business had revenue of $844.00 million for the quarter, compared to analysts’ expectations of $869.52 million. During the same period in the previous year, the firm posted $0.77 EPS. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year.
AWK has been the topic of a number of analyst reports. BidaskClub downgraded shares of American Water Works from a “buy” rating to a “hold” rating in a research report on Friday, June 30th. Robert W. Baird reiterated a “hold” rating and set a $82.00 price target on shares of American Water Works in a research report on Sunday, October 1st. Boenning Scattergood reiterated a “hold” rating on shares of American Water Works in a research report on Friday, September 22nd. Zacks Investment Research downgraded shares of American Water Works from a “hold” rating to a “sell” rating in a research report on Friday. Finally, Wells Fargo & Company set a $89.00 price target on shares of American Water Works and gave the company a “hold” rating in a research report on Thursday, October 19th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $83.63.
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American Water Works (NYSE AWK) opened at 87.73 on Tuesday. The company’s 50 day moving average price is $83.10 and its 200-day moving average price is $80.39. The company has a market cap of $15.64 billion, a P/E ratio of 33.12 and a beta of 0.25. American Water Works has a one year low of $69.41 and a one year high of $87.87.
In other American Water Works news, COO Walter Lynch sold 3,335 shares of the company’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $82.05, for a total value of $273,636.75. Following the completion of the transaction, the chief operating officer now directly owns 94,702 shares of the company’s stock, valued at approximately $7,770,299.10. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.34% of the stock is currently owned by corporate insiders.
Several institutional investors have recently modified their holdings of AWK. Janus Henderson Group PLC raised its stake in American Water Works by 8,104.3% during the second 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 period. Harbour Capital Advisors LLC raised its stake in American Water Works by 7,096.4% during the second 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 period. Vanguard Group Inc. raised its stake in American Water Works by 2.6% during the second quarter. Vanguard Group Inc. now owns 18,185,767 shares of the utilities provider’s stock worth $1,417,580,000 after acquiring an additional 465,748 shares during the period. NN Investment Partners Holdings N.V. raised its stake in American Water Works by 72.6% during the second 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 period. Finally, Alliancebernstein L.P. raised its stake in American Water Works by 25.5% during the second quarter. Alliancebernstein L.P. now owns 1,329,726 shares of the utilities provider’s stock worth $103,652,000 after acquiring an additional 269,907 shares during the period. Institutional investors and hedge funds own 79.63% 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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