Equities research analysts expect American Water (NYSE:AWK) to report $0.81 earnings per share for the current quarter, according to Zacks. Two analysts have made estimates for American Water’s earnings, with the highest EPS estimate coming in at $0.86 and the lowest estimate coming in at $0.79. American Water reported earnings per share of $0.73 during the same quarter last year, which suggests a positive year over year growth rate of 11%. The business is scheduled to issue its next quarterly earnings results on Wednesday, August 1st.
According to Zacks, analysts expect that American Water will report full year earnings of $3.27 per share for the current financial year, with EPS estimates ranging from $3.25 to $3.30. For the next year, analysts expect that the company will post earnings of $3.53 per share, with EPS estimates ranging from $3.51 to $3.58. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for American Water.
American Water (NYSE:AWK) last issued its quarterly earnings results on Wednesday, May 2nd. The utilities provider reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.04. American Water had a net margin of 13.06% and a return on equity of 10.20%. The business had revenue of $761.00 million for the quarter, compared to analyst estimates of $726.74 million. During the same period in the previous year, the business posted $0.52 earnings per share. The business’s revenue was up .7% compared to the same quarter last year.
A number of research analysts have recently issued reports on AWK shares. Bank of America set a $84.00 price target on shares of American Water and gave the stock a “hold” rating in a research note on Thursday, February 22nd. Argus reiterated a “buy” rating and set a $105.00 price target on shares of American Water in a research note on Tuesday, May 8th. UBS boosted their price target on shares of American Water from $89.00 to $91.00 and gave the stock a “buy” rating in a research note on Friday, March 23rd. Janney Montgomery Scott upgraded shares of American Water from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $87.00 to $92.00 in a research note on Monday, April 16th. They noted that the move was a valuation call. Finally, ValuEngine upgraded shares of American Water from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $89.52.
In related news, EVP Michael A. Sgro sold 16,026 shares of the business’s stock in a transaction dated Wednesday, May 16th. The shares were sold at an average price of $80.54, for a total transaction of $1,290,734.04. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.35% of the stock is currently owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in AWK. Synovus Financial Corp purchased a new stake in shares of American Water in the first quarter valued at about $114,000. Signaturefd LLC purchased a new stake in shares of American Water in the first quarter valued at about $121,000. McKinley Carter Wealth Services Inc. purchased a new stake in shares of American Water in the first quarter valued at about $148,000. Smithfield Trust Co. lifted its holdings in shares of American Water by 268.7% in the first quarter. Smithfield Trust Co. now owns 1,825 shares of the utilities provider’s stock valued at $150,000 after purchasing an additional 1,330 shares in the last quarter. Finally, Resources Investment Advisors Inc. purchased a new stake in shares of American Water in the fourth quarter valued at about $152,000. 85.13% of the stock is currently owned by hedge funds and other institutional investors.
Shares of American Water stock traded up $0.11 on Friday, reaching $80.45. 765,669 shares of the stock were exchanged, compared to its average volume of 726,737. American Water has a 1-year low of $74.84 and a 1-year high of $92.37. The company has a quick ratio of 0.27, a current ratio of 0.29 and a debt-to-equity ratio of 1.17. The firm has a market cap of $14.32 billion, a price-to-earnings ratio of 26.55, a price-to-earnings-growth ratio of 3.18 and a beta of 0.15.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Friday, May 11th will be issued a dividend of $0.455 per share. The ex-dividend date is Thursday, May 10th. This represents a $1.82 dividend on an annualized basis and a yield of 2.26%. This is an increase from American Water’s previous quarterly dividend of $0.42. American Water’s payout ratio is currently 60.07%.
About American Water
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.
Get a free copy of the Zacks research report on American Water (AWK)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for American Water Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Water and related companies with MarketBeat.com's FREE daily email newsletter.