Wall Street brokerages forecast that American Water Works Company Inc (NYSE:AWK) will post $896.50 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for American Water Works’ earnings, with estimates ranging from $894.00 million to $899.00 million. American Water Works posted sales of $853.00 million in the same quarter last year, which would indicate a positive year over year growth rate of 5.1%. The company is scheduled to report its next earnings results on Wednesday, August 7th.
According to Zacks, analysts expect that American Water Works will report full year sales of $3.64 billion for the current year, with estimates ranging from $3.60 billion to $3.67 billion. For the next year, analysts expect that the firm will report sales of $3.75 billion, with estimates ranging from $3.71 billion to $3.78 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for American Water Works.
American Water Works (NYSE:AWK) last released its quarterly earnings data on Wednesday, May 1st. The utilities provider reported $0.61 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.02). The company had revenue of $813.00 million during the quarter, compared to analyst estimates of $792.73 million. American Water Works had a net margin of 16.44% and a return on equity of 10.25%. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.59 EPS.
Several research analysts have recently commented on the stock. Zacks Investment Research lowered shares of G1 Therapeutics from a “buy” rating to a “hold” rating in a research note on Thursday, May 16th. Janney Montgomery Scott restated a “buy” rating and set a $121.00 price target (up previously from $102.00) on shares of American Water Works in a research note on Thursday, May 2nd. Boenning Scattergood restated a “hold” rating on shares of American Water Works in a research note on Thursday, May 2nd. Finally, Wells Fargo & Co restated a “buy” rating on shares of Allergan in a research note on Monday, June 10th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $109.67.
In related news, COO Walter Lynch sold 18,545 shares of the firm’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $111.15, for a total value of $2,061,276.75. Following the transaction, the chief operating officer now directly owns 118,583 shares in the company, valued at approximately $13,180,500.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Loyd A. Warnock sold 9,502 shares of the firm’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $111.04, for a total transaction of $1,055,102.08. Following the completion of the transaction, the senior vice president now owns 18,314 shares in the company, valued at $2,033,586.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 66,556 shares of company stock worth $7,477,635. 0.36% of the stock is currently owned by company insiders.
Large investors have recently bought and sold shares of the stock. Barrett Asset Management LLC acquired a new position in American Water Works in the 1st quarter valued at $25,000. Citizens Financial Group Inc RI acquired a new position in American Water Works in the 1st quarter valued at $30,000. Capital Financial Planning LLC acquired a new position in American Water Works in the 4th quarter valued at $31,000. Sandy Spring Bank bought a new stake in American Water Works in the 1st quarter valued at $37,000. Finally, C J Advisory Inc bought a new stake in American Water Works in the 1st quarter valued at $46,000. Institutional investors and hedge funds own 84.28% of the company’s stock.
American Water Works stock traded down $0.84 during trading hours on Friday, hitting $116.63. The company had a trading volume of 1,095,643 shares, compared to its average volume of 863,415. The firm has a market capitalization of $21.05 billion, a price-to-earnings ratio of 35.34, a P/E/G ratio of 4.04 and a beta of 0.19. The company has a quick ratio of 0.30, a current ratio of 0.32 and a debt-to-equity ratio of 1.28. The company’s fifty day moving average is $116.16. American Water Works has a fifty-two week low of $85.88 and a fifty-two week high of $119.30.
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 serving approximately 3.4 million active customers. The company serves residential customers; commercial customers, such as food and beverage providers, commercial property developers and proprietors, and energy suppliers; fire service and private fire customers; industrial customers, such as large-scale manufacturers, mining, and production operations; public authorities comprising government buildings and other public sector facilities; and other utilities and community water and wastewater systems.
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