Wall Street brokerages predict that American Water Works Company Inc (NYSE:AWK) will announce $955.50 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for American Water Works’ earnings. The highest sales estimate is $966.00 million and the lowest is $945.00 million. American Water Works reported sales of $936.00 million during the same quarter last year, which indicates a positive year over year growth rate of 2.1%. The company is expected to issue its next quarterly earnings results after the market closes on Wednesday, October 31st.
On average, analysts expect that American Water Works will report full-year sales of $3.42 billion for the current financial year, with estimates ranging from $3.38 billion to $3.44 billion. For the next financial year, analysts expect that the business will report sales of $3.58 billion, with estimates ranging from $3.48 billion to $3.70 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover American Water Works.
American Water Works (NYSE:AWK) last released its quarterly earnings data on Wednesday, August 1st. The utilities provider reported $0.83 EPS for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.02. American Water Works had a net margin of 13.94% and a return on equity of 10.32%. The business had revenue of $853.00 million during the quarter, compared to analysts’ expectations of $866.02 million. During the same quarter in the prior year, the company earned $0.73 EPS. The firm’s quarterly revenue was up 1.1% on a year-over-year basis.
Shares of AWK traded down $0.64 during trading hours on Wednesday, reaching $89.54. The stock had a trading volume of 22,970 shares, compared to its average volume of 828,682. The stock has a market cap of $15.92 billion, a P/E ratio of 29.57, a P/E/G ratio of 3.50 and a beta of 0.11. The company has a quick ratio of 0.27, a current ratio of 0.28 and a debt-to-equity ratio of 1.11. American Water Works has a 52 week low of $76.04 and a 52 week high of $92.79.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 4th. Shareholders of record on Monday, November 12th will be given a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a yield of 2.03%. American Water Works’s dividend payout ratio (DPR) is presently 60.07%.
In other American Water Works news, SVP Melanie M. Kennedy sold 1,114 shares of the firm’s stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $88.78, for a total transaction of $98,900.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Loyd A. Warnock sold 10,520 shares of the firm’s stock in a transaction that occurred on Friday, August 31st. The stock was sold at an average price of $87.86, for a total transaction of $924,287.20. Following the sale, the senior vice president now owns 12,322 shares of the company’s stock, valued at $1,082,610.92. The disclosure for this sale can be found here. Insiders have sold 21,634 shares of company stock valued at $1,918,888 over the last 90 days. Company insiders own 0.35% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in AWK. Ingalls & Snyder LLC increased its stake in American Water Works by 1.8% in the third quarter. Ingalls & Snyder LLC now owns 33,768 shares of the utilities provider’s stock valued at $2,971,000 after acquiring an additional 600 shares during the last quarter. Creative Planning grew its stake in shares of American Water Works by 5.5% during the second quarter. Creative Planning now owns 12,154 shares of the utilities provider’s stock worth $1,038,000 after buying an additional 632 shares during the last quarter. CIBC Asset Management Inc grew its stake in shares of American Water Works by 3.3% during the second quarter. CIBC Asset Management Inc now owns 20,416 shares of the utilities provider’s stock worth $1,743,000 after buying an additional 643 shares during the last quarter. Murphy Capital Management Inc. grew its stake in shares of American Water Works by 4.0% during the third quarter. Murphy Capital Management Inc. now owns 17,530 shares of the utilities provider’s stock worth $1,542,000 after buying an additional 675 shares during the last quarter. Finally, Meadow Creek Investment Management LLC grew its stake in shares of American Water Works by 7.5% during the second quarter. Meadow Creek Investment Management LLC now owns 10,144 shares of the utilities provider’s stock worth $866,000 after buying an additional 704 shares during the last quarter. Institutional investors own 83.45% 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. 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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