American Water Works (NYSE:AWK) issued an update on its FY18 earnings guidance on Monday morning. The company provided EPS guidance of $3.22-3.32 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.30. American Water Works also updated its FY17 guidance to 3.00-3.06 EPS.
Shares of American Water Works (NYSE:AWK) traded up $0.44 during midday trading on Monday, hitting $91.52. The stock had a trading volume of 610,300 shares, compared to its average volume of 847,665. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.47 and a current ratio of 0.49. The firm has a market capitalization of $16,320.00, a P/E ratio of 31.56, a PEG ratio of 4.01 and a beta of 0.27. American Water Works has a fifty-two week low of $69.96 and a fifty-two week high of $91.97.
American Water Works (NYSE:AWK) last issued its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $1.08 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.08. The business had revenue of $936.00 million during the quarter, compared to the consensus estimate of $992.58 million. American Water Works had a return on equity of 9.69% and a net margin of 15.82%. The business’s revenue was up .6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.05 earnings per share. equities research analysts forecast that American Water Works will post 3.01 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Wednesday, February 7th will be given a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a dividend yield of 1.81%. American Water Works’s dividend payout ratio is presently 56.27%.
Several equities analysts have recently issued reports on AWK shares. Wells Fargo & Company set a $89.00 price objective on American Water Works and gave the stock a hold rating in a research report on Thursday, October 19th. Zacks Investment Research raised American Water Works from a sell rating to a hold rating in a report on Tuesday, October 10th. Robert W. Baird boosted their target price on American Water Works from $82.00 to $87.00 and gave the stock a neutral rating in a report on Friday, November 3rd. Janney Montgomery Scott cut American Water Works from a buy rating to a neutral rating in a report on Friday, November 3rd. They noted that the move was a valuation call. Finally, Boenning Scattergood reissued a hold rating on shares of American Water Works in a report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $85.63.
In other American Water Works news, insider Deborah A. Degillio sold 822 shares of the company’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $89.75, for a total value of $73,774.50. Following the transaction, the insider now owns 3,659 shares of the company’s stock, valued at $328,395.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Michael A. Sgro sold 841 shares of the company’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $90.03, for a total value of $75,715.23. The disclosure for this sale can be found here. Insiders sold 6,856 shares of company stock worth $616,700 in the last ninety days. 0.34% of the stock is owned by corporate insiders.
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American Water Works Company Profile
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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