Zacks: Brokerages Anticipate American Water Works (AWK) to Post $0.65 EPS
Equities analysts forecast that American Water Works (NYSE:AWK) will report earnings of $0.65 per share for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for American Water Works’ earnings, with the lowest EPS estimate coming in at $0.63 and the highest estimate coming in at $0.68. American Water Works posted earnings per share of $0.57 during the same quarter last year, which would suggest a positive year-over-year growth rate of 14%. The company is expected to issue its next earnings results on Tuesday, February 20th.
On average, analysts expect that American Water Works will report full year earnings of $3.01 per share for the current fiscal year, with EPS estimates ranging from $2.98 to $3.05. For the next year, analysts anticipate that the business will report earnings of $3.26 per share, with EPS estimates ranging from $3.20 to $3.32. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for American Water Works.
American Water Works (NYSE:AWK) last posted its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $1.08 EPS for the quarter, meeting the consensus estimate of $1.08. The business had revenue of $936.00 million during 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 company’s quarterly revenue was up .6% compared to the same quarter last year. During the same period last year, the firm earned $1.05 EPS.
Several analysts have recently commented on AWK shares. BidaskClub raised American Water Works from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Zacks Investment Research cut American Water Works from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Boenning Scattergood reissued a “hold” rating on shares of American Water Works in a report on Friday, September 22nd. Robert W. Baird reaffirmed a “hold” rating and issued a $82.00 price objective on shares of American Water Works in a research note on Sunday, October 1st. Finally, Wells Fargo & Company set a $89.00 price objective on American Water Works and gave the company a “hold” rating in a research note on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company’s stock. American Water Works currently has an average rating of “Hold” and a consensus target price of $85.63.
In other American Water Works news, COO Walter Lynch sold 3,335 shares of the firm’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $82.05, for a total transaction of $273,636.75. Following the completion of the transaction, the chief operating officer now owns 94,702 shares of the company’s stock, valued at $7,770,299.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Deborah A. Degillio sold 822 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $89.75, for a total value 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 disclosure for this sale can be found here. Insiders sold a total of 25,167 shares of company stock valued at $2,116,734 over the last ninety days. 0.34% of the stock is currently owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in shares of American Water Works by 2.6% in the second quarter. Vanguard Group Inc. now owns 18,185,767 shares of the utilities provider’s stock valued at $1,417,580,000 after purchasing an additional 465,748 shares during the period. Pictet Asset Management Ltd. grew its position in shares of American Water Works by 3.2% in the second quarter. Pictet Asset Management Ltd. now owns 4,004,935 shares of the utilities provider’s stock valued at $313,105,000 after purchasing an additional 125,587 shares during the period. Wells Fargo & Company MN grew its position in shares of American Water Works by 8.5% in the third quarter. Wells Fargo & Company MN now owns 2,748,900 shares of the utilities provider’s stock valued at $222,414,000 after purchasing an additional 216,451 shares during the period. Franklin Resources Inc. grew its position in shares of American Water Works by 0.5% in the second quarter. Franklin Resources Inc. now owns 2,680,122 shares of the utilities provider’s stock valued at $208,915,000 after purchasing an additional 12,280 shares during the period. Finally, Bessemer Group Inc. grew its position in shares of American Water Works by 0.6% in the third quarter. Bessemer Group Inc. now owns 1,946,771 shares of the utilities provider’s stock valued at $157,514,000 after purchasing an additional 11,197 shares during the period. 79.82% of the stock is owned by institutional investors.
Shares of American Water Works (NYSE AWK) opened at $88.74 on Friday. The company has a quick ratio of 0.47, a current ratio of 0.49 and a debt-to-equity ratio of 1.21. The company has a market capitalization of $15,930.71, a P/E ratio of 30.80, a PEG ratio of 3.92 and a beta of 0.25. American Water Works has a 1-year low of $69.79 and a 1-year high of $90.49.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 10th will be paid a $0.415 dividend. This represents a $1.66 annualized dividend and a yield of 1.87%. The ex-dividend date is Thursday, November 9th. American Water Works’s payout ratio is currently 56.27%.
About American Water Works
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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