$835.00 Million in Sales Expected for American Water Works Company Inc (AWK) This Quarter

Equities research analysts predict that American Water Works Company Inc (NYSE:AWK) will report sales of $835.00 million for the current quarter, Zacks reports. Four analysts have made estimates for American Water Works’ earnings, with the lowest sales estimate coming in at $828.50 million and the highest estimate coming in at $840.00 million. American Water Works posted sales of $802.00 million during the same quarter last year, which suggests a positive year-over-year growth rate of 4.1%. The company is expected to announce its next quarterly earnings results on Tuesday, February 20th.

According to Zacks, analysts expect that American Water Works will report full year sales of $835.00 million for the current year, with estimates ranging from $3.37 billion to $3.54 billion. For the next fiscal year, analysts anticipate that the company 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 analysts that follow American Water Works.

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

Several research analysts have issued reports on AWK shares. Argus raised their target price on American Water Works from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, December 29th. Zacks Investment Research raised American Water Works from a “hold” rating to a “buy” rating and set a $101.00 target price on the stock in a research report on Tuesday, December 19th. Bank of America initiated coverage on American Water Works in a research report on Tuesday, October 24th. They issued a “buy” rating and a $95.00 target price on the stock. Boenning Scattergood reaffirmed a “hold” rating on shares of American Water Works in a research report on Thursday, November 2nd. Finally, Wells Fargo & Co set a $89.00 price objective on American Water Works and gave the company a “hold” rating in a research report on Thursday, October 19th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the stock. American Water Works has an average rating of “Hold” and a consensus target price of $90.86.

In other news, insider Deborah A. Degillio sold 822 shares of American Water Works stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $89.75, for a total transaction of $73,774.50. Following the transaction, the insider now directly owns 3,659 shares of the company’s stock, valued at approximately $328,395.25. The transaction 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 American Water Works stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $89.95, for a total value of $449,750.00. Following the transaction, the chief operating officer now directly owns 97,667 shares in the company, valued at $8,785,146.65. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,856 shares of company stock worth $616,700. Insiders own 0.34% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in American Water Works by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 18,185,767 shares of the utilities provider’s stock worth $1,417,580,000 after purchasing an additional 465,748 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in American Water Works by 8.5% in the 3rd quarter. Wells Fargo & Company MN now owns 2,748,900 shares of the utilities provider’s stock worth $222,414,000 after purchasing an additional 216,451 shares in the last quarter. Bessemer Group Inc. lifted its holdings in American Water Works by 0.6% in the 3rd quarter. Bessemer Group Inc. now owns 1,946,771 shares of the utilities provider’s stock worth $157,514,000 after purchasing an additional 11,197 shares in the last quarter. Impax Asset Management LTD lifted its holdings in American Water Works by 5.7% in the 3rd quarter. Impax Asset Management LTD now owns 1,937,460 shares of the utilities provider’s stock worth $156,760,000 after purchasing an additional 105,051 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in American Water Works by 8,104.3% in the 2nd quarter. Janus Henderson Group PLC now owns 1,712,232 shares of the utilities provider’s stock worth $133,469,000 after purchasing an additional 1,691,362 shares in the last quarter. 80.82% of the stock is currently owned by institutional investors.

Shares of American Water Works (NYSE:AWK) traded down $0.05 during trading hours on Tuesday, reaching $82.96. The company’s stock had a trading volume of 1,317,800 shares, compared to its average volume of 1,523,707. The stock has a market capitalization of $14,950.00, a PE ratio of 28.12, a price-to-earnings-growth ratio of 3.41 and a beta of 0.27. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.49 and a quick ratio of 0.47. American Water Works has a fifty-two week low of $71.00 and a fifty-two week high of $92.37.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Wednesday, February 7th will be given 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 dividend yield of 2.00%. American Water Works’s payout ratio is currently 56.27%.

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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.

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