Equities research analysts forecast that American Water Works Company Inc (NYSE:AWK) will post sales of $867.00 million for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for American Water Works’ earnings, with the lowest sales estimate coming in at $843.00 million and the highest estimate coming in at $891.00 million. American Water Works reported sales of $821.00 million in the same quarter last year, which indicates a positive year-over-year growth rate of 5.6%. The business is scheduled to issue its next earnings report on Tuesday, February 19th.
On average, analysts expect that American Water Works will report full year sales of $3.43 billion for the current year, with estimates ranging from $3.42 billion to $3.44 billion. For the next financial year, analysts anticipate that the firm will post sales of $3.60 billion, with estimates ranging from $3.54 billion to $3.70 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for American Water Works.
American Water Works (NYSE:AWK) last released its quarterly earnings results on Wednesday, October 31st. The utilities provider reported $1.20 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.04. The business had revenue of $976.00 million for the quarter, compared to the consensus estimate of $946.35 million. American Water Works had a return on equity of 10.57% and a net margin of 13.31%. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter last year, the business posted $1.08 earnings per share.
Shares of AWK traded up $0.55 during trading hours on Friday, hitting $92.10. The company had a trading volume of 425,580 shares, compared to its average volume of 792,214. The company has a market cap of $16.63 billion, a P/E ratio of 30.40, a P/E/G ratio of 3.58 and a beta of 0.10. The company has a current ratio of 0.46, a quick ratio of 0.43 and a debt-to-equity ratio of 1.29. American Water Works has a 52-week low of $76.04 and a 52-week high of $94.45.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 4th. Investors of record on Monday, November 12th will be paid a $0.455 dividend. The ex-dividend date is Thursday, November 8th. This represents a $1.82 annualized dividend and a dividend yield of 1.98%. American Water Works’s payout ratio is presently 60.07%.
In related news, COO Walter Lynch sold 5,000 shares of the firm’s stock in a transaction dated Thursday, November 15th. The stock was sold at an average price of $91.69, for a total value of $458,450.00. Following the sale, the chief operating officer now directly owns 107,031 shares of the company’s stock, valued at $9,813,672.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Karl F. Kurz bought 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 13th. The stock was acquired at an average cost of $91.30 per share, for a total transaction of $91,300.00. The disclosure for this purchase can be found here. Insiders sold 25,520 shares of company stock worth $2,278,437 over the last three months. 0.35% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Centaurus Financial Inc. bought a new stake in shares of American Water Works in the second quarter worth about $126,000. Honkamp Krueger Financial Services Inc. bought a new stake in American Water Works during the 3rd quarter valued at approximately $138,000. Rampart Investment Management Company LLC bought a new stake in American Water Works during the 2nd quarter valued at approximately $155,000. Piedmont Investment Advisors LLC bought a new stake in American Water Works during the 2nd quarter valued at approximately $178,000. Finally, Mckinley Capital Management LLC Delaware bought a new stake in American Water Works during the 3rd quarter valued at approximately $199,000. 82.85% of the stock is currently owned by institutional investors.
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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