American Water Works (AWK) Posts Quarterly Earnings Results, Beats Estimates By $0.04 EPS

American Water Works (NYSE:AWK) released its earnings results on Wednesday. The utilities provider reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.04, RTT News reports. 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 net margin of 13.94% and a return on equity of 10.32%. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period last year, the firm posted $1.08 earnings per share. American Water Works updated its FY 2018 guidance to $3.27-3.32 EPS and its FY18 guidance to $3.27-3.32 EPS.

AWK traded down $1.65 on Wednesday, reaching $88.53. 1,182,756 shares of the company traded hands, compared to its average volume of 897,166. American Water Works has a 52-week low of $76.04 and a 52-week high of $92.79. The company has a market capitalization of $15.92 billion, a PE ratio of 29.22, a PEG ratio of 3.50 and a beta of 0.11. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.27 and a current ratio of 0.28.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 4th. Investors of record on Monday, November 12th will be given a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a yield of 2.06%. American Water Works’s payout ratio is presently 60.07%.



Several research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of American Water Works from a “hold” rating to a “buy” rating and set a $98.00 target price on the stock in a research report on Monday, July 23rd. Evercore ISI assumed coverage on shares of American Water Works in a research report on Monday, September 17th. They issued an “outperform” rating and a $96.00 target price on the stock. Finally, ValuEngine raised shares of American Water Works from a “hold” rating to a “buy” rating in a research report on Monday, September 17th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $90.42.

In related news, SVP Melanie M. Kennedy sold 1,114 shares of the business’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 SEC, which is available through this hyperlink. Also, COO Walter Lynch sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 5th. The shares were sold at an average price of $89.57, for a total transaction of $895,700.00. Following the transaction, the chief operating officer now directly owns 112,031 shares in the company, valued at $10,034,616.67. The disclosure for this sale can be found here. Insiders have sold 21,634 shares of company stock worth $1,918,888 over the last ninety days. 0.35% of the stock is currently owned by insiders.

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 for American Water Works (NYSE:AWK)

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