American Water Works (AWK) Issues FY 2019 Earnings Guidance

American Water Works (NYSE:AWK) issued an update on its FY 2019 earnings guidance on Tuesday morning. The company provided EPS guidance of $3.54-3.64 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.58.

NYSE AWK traded up $0.65 during trading hours on Tuesday, reaching $98.70. The stock had a trading volume of 834,280 shares, compared to its average volume of 910,354. The firm has a market cap of $17.71 billion, a P/E ratio of 32.57, a P/E/G ratio of 3.48 and a beta of 0.25. American Water Works has a 52-week low of $77.73 and a 52-week high of $98.78. The company has a quick ratio of 0.43, a current ratio of 0.46 and a debt-to-equity ratio of 1.29.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Thursday, February 7th will be given a $0.455 dividend. The ex-dividend date is Wednesday, February 6th. This represents a $1.82 dividend on an annualized basis and a yield of 1.84%. American Water Works’s dividend payout ratio is currently 60.07%.

A number of equities research analysts recently commented on AWK shares. Zacks Investment Research reiterated a buy rating and issued a $104.00 target price on shares of American Water Works in a research report on Monday, December 31st. Wells Fargo & Co reissued a buy rating on shares of American Water Works in a report on Wednesday, January 2nd. Robert W. Baird boosted their price target on American Water Works from $103.00 to $104.00 and gave the company an outperform rating in a report on Wednesday, December 12th. Finally, Janney Montgomery Scott boosted their price target on American Water Works from $96.00 to $102.00 and gave the company a buy rating in a report on Wednesday, December 12th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $95.22.

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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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