American Water Works Company, Inc. (NYSE:AWK) Forecasted to Earn Q3 2024 Earnings of $1.75 Per Share

American Water Works Company, Inc. (NYSE:AWK) – Zacks Research raised their Q3 2024 EPS estimates for shares of American Water Works in a note issued to investors on Tuesday, April 16th. Zacks Research analyst J. Saha now forecasts that the utilities provider will post earnings per share of $1.75 for the quarter, up from their previous forecast of $1.74. The consensus estimate for American Water Works’ current full-year earnings is $5.24 per share. Zacks Research also issued estimates for American Water Works’ FY2024 earnings at $5.22 EPS, Q2 2025 earnings at $1.56 EPS, Q4 2025 earnings at $1.13 EPS, FY2025 earnings at $5.67 EPS, Q1 2026 earnings at $1.28 EPS and FY2026 earnings at $5.90 EPS.

A number of other research analysts also recently issued reports on the stock. Evercore ISI downgraded shares of American Water Works from an “outperform” rating to an “in-line” rating and dropped their price target for the stock from $160.00 to $135.00 in a research report on Friday, February 16th. StockNews.com lowered shares of American Water Works from a “hold” rating to a “sell” rating in a research note on Wednesday, April 3rd.

American Water Works Stock Up 1.7 %

Shares of NYSE AWK opened at $117.33 on Wednesday. The company has a market capitalization of $22.86 billion, a P/E ratio of 23.99, a price-to-earnings-growth ratio of 2.72 and a beta of 0.63. American Water Works has a 52-week low of $113.34 and a 52-week high of $152.99. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.59 and a current ratio of 0.65. The company’s 50 day moving average price is $119.36 and its 200-day moving average price is $124.13.

American Water Works (NYSE:AWK) last issued its quarterly earnings results on Thursday, February 15th. The utilities provider reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.04. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.02 billion. American Water Works had a net margin of 22.30% and a return on equity of 9.70%. The company’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.81 EPS.

Institutional Trading of American Water Works

A number of hedge funds and other institutional investors have recently bought and sold shares of AWK. Raymond James & Associates grew its stake in shares of American Water Works by 3.9% in the 4th quarter. Raymond James & Associates now owns 538,884 shares of the utilities provider’s stock worth $71,127,000 after acquiring an additional 20,288 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of American Water Works by 7,752.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 483,391 shares of the utilities provider’s stock worth $63,803,000 after acquiring an additional 477,235 shares in the last quarter. Covea Finance grew its stake in shares of American Water Works by 20.4% in the 4th quarter. Covea Finance now owns 278,493 shares of the utilities provider’s stock worth $36,758,000 after acquiring an additional 47,200 shares in the last quarter. Natixis Advisors L.P. grew its stake in shares of American Water Works by 27.8% in the 3rd quarter. Natixis Advisors L.P. now owns 81,976 shares of the utilities provider’s stock worth $10,151,000 after acquiring an additional 17,834 shares in the last quarter. Finally, Arlington Trust Co LLC bought a new stake in shares of American Water Works in the 4th quarter worth $1,207,000. Institutional investors own 86.58% of the company’s stock.

Insider Buying and Selling at American Water Works

In other American Water Works news, EVP Melanie M. Kennedy sold 843 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $119.59, for a total transaction of $100,814.37. Following the completion of the sale, the executive vice president now owns 16,240 shares in the company, valued at approximately $1,942,141.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.08% of the stock is currently owned by company insiders.

American Water Works Company Profile

American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States. It offers water and wastewater services to approximately 1,700 communities in 14 states serving approximately 3.5 million active customers. The company serves residential customers; commercial customers, including 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, such as schools and universities; and other utilities and community water and wastewater systems.