Zacks: Analysts Expect American Water Works (AWK) Will Announce Earnings of $1.09 Per Share
Analysts expect American Water Works (NYSE:AWK) to report $1.09 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for American Water Works’ earnings, with estimates ranging from $1.07 to $1.12. American Water Works reported earnings per share of $1.05 during the same quarter last year, which suggests a positive year over year growth rate of 3.8%. The firm is expected to issue its next quarterly earnings report on Wednesday, November 1st.
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 $2.98 to $3.05. For the next fiscal year, analysts expect that the business will report earnings of $3.25 per share, with EPS estimates ranging from $3.20 to $3.31. Zacks’ EPS calculations are an average based on a survey of research analysts that cover American Water Works.
American Water Works (NYSE:AWK) last issued its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.80 by $0.07. American Water Works had a return on equity of 9.70% and a net margin of 14.20%. The firm had revenue of $844 million for the quarter, compared to the consensus estimate of $869.52 million. During the same quarter in the prior year, the firm earned $0.77 EPS. The company’s revenue was up 2.1% on a year-over-year basis.
A number of research firms have weighed in on AWK. Northcoast Research began coverage on shares of American Water Works in a research report on Thursday, May 25th. They issued a “neutral” rating for the company. Zacks Investment Research upgraded shares of American Water Works from a “sell” rating to a “hold” rating in a research report on Wednesday, May 31st. Vetr lowered shares of American Water Works from a “buy” rating to a “hold” rating and set a $84.04 price target for the company. in a research report on Wednesday, June 14th. Finally, BidaskClub upgraded shares of American Water Works from a “hold” rating to a “buy” rating in a research report on Thursday, June 15th. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $82.63.
In related news, COO Walter Lynch sold 15,169 shares of the company’s stock in a transaction on Monday, August 21st. The shares were sold at an average price of $82.00, for a total transaction of $1,243,858.00. Following the completion of the transaction, the chief operating officer now owns 111,171 shares in the company, valued at $9,116,022. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.34% of the stock is currently owned by corporate insiders.
Several institutional investors have recently modified their holdings of the company. Cornerstone Advisors Inc. raised its position in shares of American Water Works by 349.5% in the second quarter. Cornerstone Advisors Inc. now owns 1,344 shares of the utilities provider’s stock worth $105,000 after buying an additional 1,045 shares in the last quarter. Parallel Advisors LLC raised its position in shares of American Water Works by 24.7% in the first quarter. Parallel Advisors LLC now owns 1,482 shares of the utilities provider’s stock worth $115,000 after buying an additional 294 shares in the last quarter. Pinebridge Investments L.P. bought a new position in shares of American Water Works during the second quarter worth $118,000. Van ECK Associates Corp raised its position in shares of American Water Works by 18.0% in the first quarter. Van ECK Associates Corp now owns 1,548 shares of the utilities provider’s stock worth $120,000 after buying an additional 236 shares in the last quarter. Finally, Peddock Capital Advisors LLC bought a new position in shares of American Water Works during the second quarter worth $131,000. Hedge funds and other institutional investors own 79.96% of the company’s stock.
Shares of American Water Works (NYSE:AWK) traded down 0.68% during midday trading on Friday, hitting $80.81. The stock had a trading volume of 417,979 shares. The company has a market cap of $14.41 billion, a price-to-earnings ratio of 30.51 and a beta of 0.25. American Water Works has a 52 week low of $69.41 and a 52 week high of $82.89. The stock’s 50-day moving average price is $80.69 and its 200 day moving average price is $78.34.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Wednesday, August 9th will be given a dividend of $0.415 per share. The ex-dividend date of this dividend is Monday, August 7th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 2.04%. American Water Works’s dividend payout ratio is 62.64%.
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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