Equities research analysts expect American Water Works Company Inc (NYSE:AWK) to report sales of $1.03 billion for the current quarter, according to Zacks. Two analysts have issued estimates for American Water Works’ earnings, with estimates ranging from $1.03 billion to $1.04 billion. American Water Works reported sales of $1.01 billion during the same quarter last year, which would suggest a positive year over year growth rate of 2%. The company is expected to issue its next quarterly earnings report on Wednesday, November 4th.
According to Zacks, analysts expect that American Water Works will report full-year sales of $3.74 billion for the current year, with estimates ranging from $3.71 billion to $3.78 billion. For the next fiscal year, analysts expect that the firm will post sales of $3.92 billion, with estimates ranging from $3.87 billion to $4.01 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow American Water Works.
American Water Works (NYSE:AWK) last released its quarterly earnings results on Wednesday, August 5th. The utilities provider reported $0.97 EPS for the quarter, beating the consensus estimate of $0.96 by $0.01. American Water Works had a net margin of 17.29% and a return on equity of 10.79%. The firm had revenue of $931.00 million during the quarter, compared to the consensus estimate of $916.88 million.
Shares of AWK stock traded down $0.82 during mid-day trading on Friday, reaching $142.77. 666,722 shares of the company were exchanged, compared to its average volume of 1,070,533. American Water Works has a fifty-two week low of $92.00 and a fifty-two week high of $150.47. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.87 and a current ratio of 0.90. The company has a market capitalization of $25.87 billion, a P/E ratio of 40.56, a P/E/G ratio of 4.61 and a beta of 0.20. The business’s 50 day simple moving average is $144.35 and its 200 day simple moving average is $131.02.
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 12th were paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend was Tuesday, August 11th. American Water Works’s dividend payout ratio (DPR) is presently 60.94%.
In related news, CEO Walter Lynch sold 8,454 shares of American Water Works stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $148.82, for a total transaction of $1,258,124.28. Following the completion of the sale, the chief executive officer now directly owns 127,338 shares of the company’s stock, valued at approximately $18,950,441.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Maureen Duffy sold 4,659 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $149.80, for a total value of $697,918.20. Following the transaction, the senior vice president now owns 21,606 shares in the company, valued at approximately $3,236,578.80. The disclosure for this sale can be found here. Insiders sold 13,722 shares of company stock valued at $2,043,605 in the last quarter. 0.30% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently modified their holdings of the stock. CX Institutional lifted its position in American Water Works by 233.3% during the second quarter. CX Institutional now owns 200 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 140 shares during the last quarter. Prestige Wealth Management Group LLC increased its stake in shares of American Water Works by 858.3% in the first quarter. Prestige Wealth Management Group LLC now owns 230 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 206 shares during the period. First Financial Corp IN grew its position in American Water Works by 118.0% during the second quarter. First Financial Corp IN now owns 218 shares of the utilities provider’s stock valued at $28,000 after buying an additional 118 shares during the period. Ovata Capital Management Ltd acquired a new stake in American Water Works during the second quarter valued at $34,000. Finally, Watson Rebecca acquired a new stake in American Water Works during the second quarter valued at $39,000. Institutional investors and hedge funds own 82.51% of the company’s stock.
About American Water Works
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.
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