American Water Works (AWK) Releases FY17 Earnings Guidance

American Water Works (NYSE:AWK) updated its FY17 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of 3.00-3.06 for the period, compared to the Thomson Reuters consensus estimate of $3.01. American Water Works also updated its FY18 guidance to $3.22-3.32 EPS.

A number of brokerages recently issued reports on AWK. Robert W. Baird restated a hold rating and issued a $82.00 price objective on shares of American Water Works in a research note on Sunday, October 1st. Boenning Scattergood reiterated a hold rating on shares of American Water Works in a research report on Thursday, November 2nd. Bank of America began coverage on American Water Works in a research report on Tuesday, October 24th. They set a buy rating and a $95.00 price target on the stock. Wells Fargo & Company set a $89.00 price target on American Water Works and gave the company a hold rating in a research report on Thursday, October 19th. Finally, Janney Montgomery Scott cut American Water Works from a buy rating to a neutral rating in a research report on Friday, November 3rd. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $85.63.

Shares of American Water Works (NYSE AWK) traded up $0.44 during midday trading on Monday, hitting $91.52. The stock had a trading volume of 610,300 shares, compared to its average volume of 847,665. American Water Works has a 52 week low of $69.96 and a 52 week high of $91.97. The company has a quick ratio of 0.47, a current ratio of 0.49 and a debt-to-equity ratio of 1.21. The stock has a market capitalization of $16,320.00, a price-to-earnings ratio of 31.56, a price-to-earnings-growth ratio of 4.01 and a beta of 0.27.

American Water Works (NYSE:AWK) last issued its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $1.08 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.08. American Water Works had a return on equity of 9.69% and a net margin of 15.82%. The company had revenue of $936.00 million during the quarter, compared to analyst estimates of $992.58 million. During the same quarter in the previous year, the firm earned $1.05 earnings per share. American Water Works’s revenue was up .6% on a year-over-year basis. analysts anticipate that American Water Works will post 3.01 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Wednesday, February 7th will be issued a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a dividend yield of 1.81%. American Water Works’s payout ratio is 56.27%.

In other American Water Works news, insider Deborah A. Degillio sold 822 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $89.75, for a total value of $73,774.50. Following the completion of the sale, the insider now owns 3,659 shares of the company’s stock, valued at $328,395.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Walter Lynch sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $89.95, for a total value of $449,750.00. Following the completion of the sale, the chief operating officer now directly owns 97,667 shares of the company’s stock, valued at approximately $8,785,146.65. The disclosure for this sale can be found here. Insiders have sold 6,856 shares of company stock valued at $616,700 in the last three months. 0.34% of the stock is owned by insiders.

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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.

Earnings History and Estimates for American Water Works (NYSE:AWK)

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