Brokerages Expect American Water Works Company Inc (AWK) Will Announce Earnings of $0.65 Per Share

Brokerages forecast that American Water Works Company Inc (NYSE:AWK) will post $0.65 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for American Water Works’ earnings, with estimates ranging from $0.63 to $0.68. American Water Works reported earnings of $0.57 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 14%. The business is scheduled to issue its next quarterly earnings results on Tuesday, February 20th.

On average, 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 $2.98 to $3.05. For the next year, analysts expect that the company will report earnings of $3.27 per share, with EPS estimates ranging from $3.20 to $3.34. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that follow American Water Works.

American Water Works (NYSE:AWK) last released its earnings results on Wednesday, November 1st. The utilities provider reported $1.08 earnings per share (EPS) for the quarter, meeting 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 prior year, the company posted $1.05 EPS. The company’s revenue was up .6% compared to the same quarter last year.

A number of research firms have issued reports on AWK. Bank of America downgraded shares of American Water Works from a “buy” rating to a “neutral” rating and upped their target price for the company from $85.70 to $91.00 in a research report on Thursday, January 11th. Zacks Investment Research cut American Water Works from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th. Guggenheim cut American Water Works from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 2nd. Argus upped their price target on American Water Works from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, December 29th. Finally, Robert W. Baird upped their price target on American Water Works from $82.00 to $87.00 and gave the company a “neutral” rating in a research note on Friday, November 3rd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $90.86.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Atlantic Trust LLC increased its stake in American Water Works by 2.1% during the 2nd quarter. Atlantic Trust LLC now owns 2,705 shares of the utilities provider’s stock worth $211,000 after purchasing an additional 55 shares in the last quarter. Carret Asset Management LLC increased its stake in American Water Works by 0.8% during the 2nd quarter. Carret Asset Management LLC now owns 6,997 shares of the utilities provider’s stock worth $545,000 after purchasing an additional 57 shares in the last quarter. Evercore Wealth Management LLC increased its stake in American Water Works by 8.2% during the 2nd quarter. Evercore Wealth Management LLC now owns 2,500 shares of the utilities provider’s stock worth $195,000 after purchasing an additional 189 shares in the last quarter. Thrivent Financial For Lutherans increased its stake in American Water Works by 2.9% during the 2nd quarter. Thrivent Financial For Lutherans now owns 6,750 shares of the utilities provider’s stock worth $526,000 after purchasing an additional 190 shares in the last quarter. Finally, Princeton Portfolio Strategies Group LLC increased its stake in American Water Works by 0.3% during the 2nd quarter. Princeton Portfolio Strategies Group LLC now owns 60,788 shares of the utilities provider’s stock worth $4,738,000 after purchasing an additional 205 shares in the last quarter. 81.07% of the stock is owned by institutional investors and hedge funds.

American Water Works (NYSE:AWK) opened at $83.01 on Friday. The company has a current ratio of 0.49, a quick ratio of 0.47 and a debt-to-equity ratio of 1.21. American Water Works has a 52-week low of $71.00 and a 52-week high of $92.37. The stock has a market cap of $14,699.92, a PE ratio of 28.14, a price-to-earnings-growth ratio of 3.38 and a beta of 0.27.

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 paid a dividend of $0.415 per share. The ex-dividend date is Tuesday, February 6th. This represents a $1.66 dividend on an annualized basis and a yield of 2.00%. American Water Works’s payout ratio is 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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