Brokerages Anticipate American Water Works Company Inc (AWK) Will Announce Quarterly Sales of $835.00 Million

Brokerages expect American Water Works Company Inc (NYSE:AWK) to report $835.00 million in sales for the current quarter, Zacks reports. Four analysts have provided estimates for American Water Works’ earnings. The lowest sales estimate is $828.50 million and the highest is $840.00 million. American Water Works reported sales of $802.00 million during the same quarter last year, which would suggest a positive year over year growth rate of 4.1%. The business is expected to report its next earnings report on Tuesday, February 20th.

On average, analysts expect that American Water Works will report full year sales of $835.00 million for the current fiscal year, with estimates ranging from $3.37 billion to $3.54 billion. For the next year, analysts forecast that the firm will post sales of $3.60 billion per share, with estimates ranging from $3.49 billion to $3.74 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that that provide coverage for American Water Works.

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

Several research analysts have recently weighed in on AWK shares. Wells Fargo & Co set a $89.00 price objective on shares of American Water Works and gave the stock a “hold” rating in a report on Thursday, October 19th. Guggenheim lowered shares of American Water Works from a “buy” rating to a “neutral” rating in a report on Tuesday. Zacks Investment Research raised shares of American Water Works from a “sell” rating to a “hold” rating in a research report on Tuesday, October 10th. Argus increased their target price on shares of American Water Works from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, December 29th. Finally, Robert W. Baird increased their target price on shares of American Water Works from $82.00 to $87.00 and gave the stock a “neutral” rating in a research report on Friday, November 3rd. Ten analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $90.51.

In related news, EVP Michael A. Sgro sold 841 shares of the stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $90.03, for a total transaction of $75,715.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Deborah A. Degillio sold 822 shares of the stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $89.75, for a total transaction of $73,774.50. Following the sale, the insider now directly owns 3,659 shares of the company’s stock, valued at approximately $328,395.25. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,856 shares of company stock valued at $616,700. Corporate insiders own 0.34% of the company’s stock.

A number of large investors have recently modified their holdings of the business. Aurora Investment Counsel acquired a new stake in American Water Works in the fourth quarter valued at approximately $2,210,000. Neville Rodie & Shaw Inc. acquired a new stake in American Water Works in the fourth quarter valued at approximately $235,000. Parametric Portfolio Associates LLC grew its position in American Water Works by 12.8% in the third quarter. Parametric Portfolio Associates LLC now owns 319,068 shares of the utilities provider’s stock valued at $25,816,000 after acquiring an additional 36,192 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in American Water Works in the third quarter valued at approximately $383,000. Finally, Atlantic Trust LLC grew its position in American Water Works by 835.6% in the third quarter. Atlantic Trust LLC now owns 25,309 shares of the utilities provider’s stock valued at $2,048,000 after acquiring an additional 22,604 shares in the last quarter. 80.79% of the stock is owned by institutional investors.

American Water Works (NYSE:AWK) opened at $86.75 on Friday. The firm has a market cap of $15,627.47, a PE ratio of 29.41, a PEG ratio of 3.59 and a beta of 0.27. American Water Works has a 1-year low of $69.96 and a 1-year high of $92.37. The company has a current ratio of 0.49, a quick ratio of 0.47 and a debt-to-equity ratio of 1.21.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Wednesday, February 7th will be given a dividend of $0.415 per share. This represents a $1.66 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date 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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