Brokerages Anticipate American Water Works Company Inc (AWK) Will Post Quarterly Sales of $803.00 Million

Wall Street brokerages expect that American Water Works Company Inc (NYSE:AWK) will report $803.00 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for American Water Works’ earnings. The lowest sales estimate is $797.00 million and the highest is $809.00 million. American Water Works reported sales of $761.00 million during the same quarter last year, which indicates a positive year over year growth rate of 5.5%. The business is expected to announce its next earnings report on Wednesday, May 1st.

On average, analysts expect that American Water Works will report full year sales of $3.60 billion for the current fiscal year, with estimates ranging from $3.58 billion to $3.62 billion. For the next financial year, analysts forecast that the business will report sales of $3.73 billion, with estimates ranging from $3.68 billion to $3.79 billion. Zacks’ sales averages are an average based on a survey of research analysts that follow American Water Works.

American Water Works (NYSE:AWK) last released its earnings results on Tuesday, February 19th. The utilities provider reported $0.69 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.69. American Water Works had a return on equity of 10.36% and a net margin of 16.48%. The firm had revenue of $850.00 million for the quarter, compared to analysts’ expectations of $823.93 million. During the same quarter in the previous year, the business posted $0.69 earnings per share. The business’s revenue for the quarter was up 3.5% on a year-over-year basis.



A number of analysts have recently commented on the company. Zacks Investment Research lowered American Water Works from a “buy” rating to a “hold” rating in a research note on Monday, December 10th. Wells Fargo & Co lifted their price target on American Water Works from $97.00 to $104.00 and gave the company an “outperform” rating in a research note on Wednesday, December 12th. Janney Montgomery Scott reissued a “buy” rating and set a $102.00 price target on shares of American Water Works in a research note on Thursday, February 21st. Robert W. Baird lifted their price target on American Water Works from $103.00 to $104.00 and gave the company an “outperform” rating in a research note on Wednesday, December 12th. Finally, Bank of America lifted their price target on American Water Works from $92.00 to $103.00 and gave the company a “neutral” rating in a research note on Thursday, February 21st. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $99.35.

Shares of AWK stock traded up $0.34 during mid-day trading on Wednesday, reaching $104.69. 834,212 shares of the stock traded hands, compared to its average volume of 1,053,617. American Water Works has a 1-year low of $77.73 and a 1-year high of $106.35. The firm has a market capitalization of $18.86 billion, a price-to-earnings ratio of 31.72, a PEG ratio of 3.65 and a beta of 0.25. The company has a current ratio of 0.37, a quick ratio of 0.35 and a debt-to-equity ratio of 1.29.

Several institutional investors have recently bought and sold shares of AWK. D.A. Davidson & CO. increased its holdings in shares of American Water Works by 1.0% during the fourth quarter. D.A. Davidson & CO. now owns 12,063 shares of the utilities provider’s stock valued at $1,095,000 after acquiring an additional 123 shares in the last quarter. Chesley Taft & Associates LLC increased its position in shares of American Water Works by 0.8% during the 4th quarter. Chesley Taft & Associates LLC now owns 15,860 shares of the utilities provider’s stock valued at $1,440,000 after purchasing an additional 125 shares during the last quarter. Parallel Advisors LLC increased its position in shares of American Water Works by 6.3% during the 4th quarter. Parallel Advisors LLC now owns 2,135 shares of the utilities provider’s stock valued at $193,000 after purchasing an additional 126 shares during the last quarter. Resources Management Corp CT ADV increased its position in shares of American Water Works by 21.3% during the 4th quarter. Resources Management Corp CT ADV now owns 770 shares of the utilities provider’s stock valued at $69,000 after purchasing an additional 135 shares during the last quarter. Finally, Raymond James Trust N.A. increased its position in shares of American Water Works by 1.1% during the 4th quarter. Raymond James Trust N.A. now owns 12,900 shares of the utilities provider’s stock valued at $1,171,000 after purchasing an additional 137 shares during the last quarter. 83.67% of the stock is currently owned by institutional investors.

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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Earnings History and Estimates for American Water Works (NYSE:AWK)

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