American Water Works (AWK) to Release Quarterly Earnings on Wednesday
American Water Works (NYSE:AWK) is set to announce its earnings results after the market closes on Wednesday, November 1st. Analysts expect the company to announce earnings of $1.08 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 announced 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). The firm had revenue of $844.00 million for the quarter, compared to the consensus estimate of $869.52 million. American Water Works had a net margin of 14.20% and a return on equity of 9.70%. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.77 earnings per share. On average, analysts expect American Water Works to post $3 EPS for the current fiscal year and $3.25 EPS for the next fiscal year.
Shares of American Water Works (AWK) opened at 86.82 on Wednesday. American Water Works has a 12 month low of $69.41 and a 12 month high of $87.96. The company has a market capitalization of $15.48 billion, a P/E ratio of 32.77 and a beta of 0.25. The stock’s 50 day moving average is $83.20 and its 200 day moving average is $80.45.
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 transaction of $273,636.75. Following the completion of 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.34% of the company’s stock.
Several research firms recently issued reports on AWK. Bank of America Corporation began coverage on shares of American Water Works in a research note on Tuesday. They issued a “buy” rating and a $95.00 target price for the company. Zacks Investment Research cut shares of American Water Works from a “hold” rating to a “sell” rating in a research note on Friday, October 20th. BidaskClub cut shares of American Water Works from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. Wells Fargo & Company set a $89.00 target price on shares of American Water Works and gave the company a “hold” rating in a research note on Thursday, October 19th. Finally, Robert W. Baird reiterated a “hold” rating and issued a $82.00 target price on shares of American Water Works in a research note on Sunday, October 1st. 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. American Water Works currently has an average rating of “Hold” and a consensus price target of $85.01.
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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