Analysts predict that American Water Works Company Inc (NYSE:AWK) will report $955.50 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for American Water Works’ earnings, with estimates ranging from $945.00 million to $966.00 million. American Water Works reported sales of $936.00 million in the same quarter last year, which indicates a positive year over year growth rate of 2.1%. The business is expected to announce its next quarterly earnings results on Wednesday, November 7th.

According to Zacks, analysts expect that American Water Works will report full-year sales of $3.42 billion for the current fiscal year, with estimates ranging from $3.38 billion to $3.44 billion. For the next year, analysts forecast that the company will post sales of $3.58 billion, with estimates ranging from $3.48 billion to $3.70 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for American Water Works.

American Water Works (NYSE:AWK) last posted its earnings results on Wednesday, August 1st. The utilities provider reported $0.83 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.02. The firm had revenue of $853.00 million during the quarter, compared to analysts’ expectations of $866.02 million. American Water Works had a net margin of 13.94% and a return on equity of 10.32%. The company’s revenue was up 1.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.73 earnings per share.

A number of brokerages have recently weighed in on AWK. ValuEngine upgraded shares of American Water Works from a “hold” rating to a “buy” rating in a research note on Monday, July 2nd. Evercore ISI began coverage on shares of American Water Works in a research note on Monday, September 17th. They issued an “outperform” rating and a $96.00 price objective for the company. Boenning Scattergood restated a “neutral” rating on shares of American Water Works in a research note on Thursday, June 28th. Finally, Zacks Investment Research upgraded shares of American Water Works from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a research note on Wednesday, June 13th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $90.42.

NYSE AWK traded down $1.16 during trading on Thursday, reaching $86.66. The company’s stock had a trading volume of 528,800 shares, compared to its average volume of 902,714. The company has a quick ratio of 0.27, a current ratio of 0.28 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $15.99 billion, a PE ratio of 28.89, a price-to-earnings-growth ratio of 3.48 and a beta of 0.11. American Water Works has a 1-year low of $76.04 and a 1-year high of $92.37.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 4th. Stockholders of record on Friday, August 10th were paid a $0.455 dividend. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date of this dividend was Thursday, August 9th. American Water Works’s payout ratio is 60.07%.

In related news, SVP Loyd A. Warnock sold 10,520 shares of the company’s stock in a transaction on Friday, August 31st. The shares were sold at an average price of $87.86, for a total transaction of $924,287.20. Following the completion of the transaction, the senior vice president now directly owns 12,322 shares in the company, valued at approximately $1,082,610.92. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Melanie M. Kennedy sold 1,114 shares of the company’s stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $88.78, for a total transaction of $98,900.92. The disclosure for this sale can be found here. Insiders sold 21,634 shares of company stock valued at $1,918,888 over the last 90 days. 0.35% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the stock. Centaurus Financial Inc. acquired a new position in American Water Works during the 2nd quarter valued at $126,000. McKinley Carter Wealth Services Inc. acquired a new position in American Water Works during the 1st quarter valued at $148,000. Edge Wealth Management LLC acquired a new position in American Water Works during the 2nd quarter valued at $149,000. Smithfield Trust Co. raised its stake in American Water Works by 268.7% during the 1st quarter. Smithfield Trust Co. now owns 1,825 shares of the utilities provider’s stock valued at $150,000 after purchasing an additional 1,330 shares during the last quarter. Finally, Point72 Asia Hong Kong Ltd acquired a new position in American Water Works during the 1st quarter valued at $152,000. Hedge funds and other institutional investors own 83.31% 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. The company operates approximately 72 surface water treatment plants; 527 groundwater treatment plants; 8 combined treatment plants; 127 wastewater treatment plants; 50,382 miles of transmission, distribution, and collection mains and pipes; 1,103 groundwater wells; 1,428 water and wastewater pumping stations; 1,313 treated water storage facilities; and 80 dams.

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

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