Brokerages Anticipate American Water Works Company Inc (AWK) to Announce $0.66 EPS

Wall Street brokerages expect American Water Works Company Inc (NYSE:AWK) to announce earnings of $0.66 per share for the current quarter, according to Zacks. Four analysts have made estimates for American Water Works’ earnings, with the lowest EPS estimate coming in at $0.63 and the highest estimate coming in at $0.68. American Water Works posted earnings of $0.57 per share during the same quarter last year, which indicates a positive year over year growth rate of 15.8%. The business is scheduled to issue its next earnings report on Tuesday, February 20th.

According to Zacks, analysts expect that American Water Works will report full-year earnings of $3.01 per share for the current financial year, with EPS estimates ranging from $2.99 to $3.05. For the next year, analysts expect that the business will post earnings of $3.27 per share, with EPS estimates ranging from $3.20 to $3.37. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that that provide coverage for American Water Works.

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

AWK has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of American Water Works from a “sell” rating to a “hold” rating in a research note on Thursday, September 14th. Boenning Scattergood reissued a “hold” rating on shares of American Water Works in a research note on Friday, September 22nd. Robert W. Baird reissued a “hold” rating and issued a $82.00 price target on shares of American Water Works in a research note on Sunday, October 1st. Wells Fargo & Co set a $89.00 price target on shares of American Water Works and gave the company a “hold” rating in a research note on Thursday, October 19th. Finally, Bank of America initiated coverage on shares of American Water Works in a research note on Tuesday, October 24th. They issued a “buy” rating and a $95.00 price target on the stock. Ten research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $90.51.

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

Several institutional investors have recently modified their holdings of the company. Neville Rodie & Shaw Inc. acquired a new position in shares of American Water Works in the 4th quarter valued at $235,000. Parametric Portfolio Associates LLC raised its position in American Water Works by 12.8% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 319,068 shares of the utilities provider’s stock valued at $25,816,000 after purchasing an additional 36,192 shares during the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in American Water Works in the 3rd quarter valued at $383,000. Atlantic Trust LLC raised its position in American Water Works by 835.6% in the 3rd quarter. Atlantic Trust LLC now owns 25,309 shares of the utilities provider’s stock valued at $2,048,000 after purchasing an additional 22,604 shares during the last quarter. Finally, Cetera Investment Advisers raised its position in American Water Works by 12.2% in the 3rd quarter. Cetera Investment Advisers now owns 5,730 shares of the utilities provider’s stock valued at $463,000 after purchasing an additional 622 shares during the last quarter. Institutional investors and hedge funds own 80.79% of the company’s stock.

American Water Works (NYSE AWK) opened at $88.45 on Thursday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.47 and a current ratio of 0.49. American Water Works has a 52 week low of $69.96 and a 52 week high of $92.37. The company has a market cap of $15,889.68, a PE ratio of 29.98, a price-to-earnings-growth ratio of 3.65 and a beta of 0.27.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders 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 yield of 1.88%. The ex-dividend date of this dividend is Tuesday, February 6th. American Water Works’s dividend payout ratio (DPR) is presently 56.27%.

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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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