American Water Works (NYSE:AWK) posted its earnings results on Tuesday. The utilities provider reported $0.69 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.03, Bloomberg Earnings reports. American Water Works had a net margin of 15.82% and a return on equity of 9.69%. The company had revenue of $821.00 million for the quarter, compared to analyst estimates of $843.36 million. During the same quarter in the prior year, the business posted $0.57 EPS. The firm’s revenue was up 2.4% compared to the same quarter last year. American Water Works updated its FY18 guidance to $3.22-3.32 EPS.
Shares of American Water Works (NYSE AWK) opened at $79.85 on Wednesday. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.49 and a quick ratio of 0.47. The company has a market cap of $14,359.22, a PE ratio of 27.76, a price-to-earnings-growth ratio of 3.30 and a beta of 0.14. American Water Works has a one year low of $73.05 and a one year high of $92.37.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Wednesday, February 7th will be paid a $0.415 dividend. The ex-dividend date is Tuesday, February 6th. This represents a $1.66 annualized dividend and a yield of 2.08%. American Water Works’s dividend payout ratio (DPR) is 56.27%.
A number of research firms recently weighed in on AWK. Boenning Scattergood restated a “hold” rating on shares of American Water Works in a report on Thursday, November 2nd. Bank of America started coverage on shares of American Water Works in a research note on Tuesday, October 24th. They issued a “buy” rating and a $95.00 price objective for the company. Janney Montgomery Scott lowered shares of American Water Works from a “buy” rating to a “neutral” rating in a research note on Friday, November 3rd. They noted that the move was a valuation call. Zacks Investment Research lowered shares of American Water Works from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th. Finally, Robert W. Baird increased their price objective on shares of American Water Works from $82.00 to $87.00 and gave the company a “neutral” rating in a research note on Friday, November 3rd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company’s stock. American Water Works currently has an average rating of “Hold” and an average price target of $90.86.
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About American Water Works
American Water Works Company, Inc is a holding company for regulated and market-based subsidiaries throughout the United States and Ontario, Canada. The Company’s Regulated Businesses segment provides water and wastewater services as public utilities in 16 states in the United States as of December 31, 2016.
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