Analysts forecast that American Water Works Company Inc (NYSE:AWK) will announce earnings per share of $1.29 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for American Water Works’ earnings, with the lowest EPS estimate coming in at $1.27 and the highest estimate coming in at $1.32. American Water Works posted earnings per share of $1.20 in the same quarter last year, which would indicate a positive year over year growth rate of 7.5%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, October 30th.

According to Zacks, analysts expect that American Water Works will report full-year earnings of $3.60 per share for the current financial year, with EPS estimates ranging from $3.56 to $3.64. For the next financial year, analysts expect that the company will report earnings of $3.90 per share, with EPS estimates ranging from $3.82 to $4.00. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow American Water Works.

American Water Works (NYSE:AWK) last posted its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $0.94 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.94. American Water Works had a net margin of 16.53% and a return on equity of 10.51%. The firm had revenue of $882.00 million for the quarter, compared to analysts’ expectations of $907.56 million. During the same quarter in the prior year, the company posted $0.83 earnings per share. The business’s revenue for the quarter was up 3.4% on a year-over-year basis.

AWK has been the topic of several research reports. Wells Fargo & Co raised their target price on shares of American Water Works from $122.00 to $128.00 and gave the stock a “market perform” rating in a report on Wednesday, August 14th. Bank of America cut shares of American Water Works from a “neutral” rating to an “underperform” rating and set a $116.00 target price on the stock. in a report on Monday, July 15th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $114.67.

NYSE:AWK opened at $121.72 on Monday. American Water Works has a 52 week low of $85.88 and a 52 week high of $129.89. The company has a quick ratio of 0.53, a current ratio of 0.56 and a debt-to-equity ratio of 1.43. The company’s 50 day moving average price is $121.80 and its 200-day moving average price is $112.87. The stock has a market cap of $22.00 billion, a price-to-earnings ratio of 36.88, a PEG ratio of 4.19 and a beta of 0.11.

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Friday, August 9th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.64%. The ex-dividend date was Thursday, August 8th. American Water Works’s dividend payout ratio is currently 60.61%.

In related news, SVP Loyd A. Warnock sold 4,023 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $116.97, for a total value of $470,570.31. Following the sale, the senior vice president now owns 11,895 shares in the company, valued at $1,391,358.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Walter Lynch sold 6,908 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $126.91, for a total transaction of $876,694.28. Following the completion of the sale, the chief operating officer now owns 113,574 shares in the company, valued at approximately $14,413,676.34. The disclosure for this sale can be found here. Insiders sold 20,931 shares of company stock worth $2,639,065 in the last 90 days. 0.36% of the stock is currently owned by corporate insiders.

Hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC boosted its stake in shares of American Water Works by 7.3% during the 4th quarter. Geode Capital Management LLC now owns 2,362,440 shares of the utilities provider’s stock worth $214,070,000 after acquiring an additional 161,731 shares during the last quarter. Crossmark Global Holdings Inc. boosted its stake in shares of American Water Works by 5.1% during the 1st quarter. Crossmark Global Holdings Inc. now owns 15,482 shares of the utilities provider’s stock worth $1,614,000 after acquiring an additional 758 shares during the last quarter. Cornerstone Advisors Inc. boosted its stake in shares of American Water Works by 6.8% during the 1st quarter. Cornerstone Advisors Inc. now owns 2,122 shares of the utilities provider’s stock worth $221,000 after acquiring an additional 135 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of American Water Works by 1,793.3% during the 1st quarter. Victory Capital Management Inc. now owns 50,400 shares of the utilities provider’s stock worth $5,255,000 after acquiring an additional 47,738 shares during the last quarter. Finally, Stephens Inc. AR boosted its stake in shares of American Water Works by 1.1% during the 1st quarter. Stephens Inc. AR now owns 9,598 shares of the utilities provider’s stock worth $1,001,000 after acquiring an additional 103 shares during the last quarter. Institutional investors own 85.03% of the company’s stock.

American Water Works Company Profile

American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States and Canada. It offers water and wastewater services to approximately 1,600 communities in 16 states serving approximately 3.4 million active customers. The company serves residential customers; commercial customers, such as food and beverage providers, commercial property developers and proprietors, and energy suppliers; fire service and private fire customers; industrial customers, such as large-scale manufacturers, mining, and production operations; public authorities comprising government buildings and other public sector facilities; and other utilities and community water and wastewater systems.

Featured Story: How to calculate the intrinsic value of a stock

Get a free copy of the Zacks research report on American Water Works (AWK)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for American Water Works (NYSE:AWK)

Receive News & Ratings for American Water Works Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Water Works and related companies with MarketBeat.com's FREE daily email newsletter.