Zacks: Analysts Expect American Water Works Company, Inc. (NYSE:AWK) Will Post Earnings of $1.50 Per Share

Equities research analysts expect that American Water Works Company, Inc. (NYSE:AWK) will post earnings of $1.50 per share for the current quarter, according to Zacks. Two analysts have issued estimates for American Water Works’ earnings. The highest EPS estimate is $1.52 and the lowest is $1.47. American Water Works posted earnings of $1.46 per share during the same quarter last year, which would indicate a positive year over year growth rate of 2.7%. The firm is scheduled to report its next earnings results on Wednesday, November 3rd.

On average, analysts expect that American Water Works will report full-year earnings of $4.24 per share for the current fiscal year, with EPS estimates ranging from $4.21 to $4.26. For the next year, analysts expect that the company will report earnings of $4.56 per share, with EPS estimates ranging from $4.50 to $4.59. Zacks’ EPS averages are an average based on a survey of sell-side research firms that follow American Water Works.

American Water Works (NYSE:AWK) last posted its quarterly earnings data on Sunday, August 1st. The utilities provider reported $1.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.06. American Water Works had a net margin of 19.26% and a return on equity of 11.42%. The company had revenue of $999.00 million for the quarter, compared to analyst estimates of $1.01 billion. During the same period in the prior year, the company posted $0.97 EPS. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis.

AWK has been the topic of a number of recent analyst reports. US Capital Advisors lowered shares of American Water Works from an “overweight” rating to a “hold” rating in a research report on Friday, August 13th. HSBC lowered shares of American Water Works from a “buy” rating to a “hold” rating and raised their target price for the stock from $181.00 to $190.00 in a research report on Wednesday, September 1st. They noted that the move was a valuation call. Janney Montgomery Scott lowered shares of American Water Works from a “buy” rating to a “neutral” rating and raised their target price for the stock from $159.00 to $181.00 in a research report on Wednesday, August 4th. Argus raised shares of American Water Works from a “hold” rating to a “buy” rating and set a $205.00 target price on the stock in a research report on Friday, August 6th. Finally, Barclays raised their target price on shares of American Water Works from $170.00 to $174.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 15th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, American Water Works presently has an average rating of “Hold” and an average target price of $182.00.

American Water Works stock traded up $0.07 during midday trading on Friday, reaching $184.95. The stock had a trading volume of 1,460 shares, compared to its average volume of 864,763. The company has a quick ratio of 0.89, a current ratio of 0.92 and a debt-to-equity ratio of 1.55. American Water Works has a 52-week low of $131.01 and a 52-week high of $189.35. The firm has a market cap of $33.57 billion, a price-to-earnings ratio of 44.77, a price-to-earnings-growth ratio of 5.40 and a beta of 0.23. The company has a fifty day moving average of $175.73 and a 200 day moving average of $160.35.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 1st. Stockholders of record on Tuesday, August 10th were paid a dividend of $0.603 per share. The ex-dividend date of this dividend was Monday, August 9th. This is an increase from American Water Works’s previous quarterly dividend of $0.60. This represents a $2.41 dividend on an annualized basis and a dividend yield of 1.30%. American Water Works’s dividend payout ratio (DPR) is currently 61.79%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AWK. Atlas Private Wealth Advisors bought a new position in shares of American Water Works during the second quarter valued at approximately $29,000. Selective Wealth Management Inc. bought a new position in shares of American Water Works during the second quarter valued at approximately $31,000. CSat Investment Advisory L.P. boosted its stake in shares of American Water Works by 59.2% during the first quarter. CSat Investment Advisory L.P. now owns 234 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 87 shares in the last quarter. Tradition Wealth Management LLC acquired a new stake in American Water Works in the first quarter valued at approximately $35,000. Finally, Samalin Investment Counsel LLC acquired a new stake in American Water Works in the second quarter valued at approximately $35,000. Hedge funds and other institutional investors own 81.90% of the company’s stock.

American Water Works Company Profile

American Water Works Co, Inc engages in the provision of complementary water and wastewater services. It operates through the following segments: Regulated Businesses; Market-Based Businesses; and Other. The Regulated Businesses segment provides water and wastewater services to customers. The Market-Based Businesses segment is responsible for Military Services Group, Contract Operations Group, Homeowner Services Group, and Keystone Operations.

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

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