American Water Works (AWK) Scheduled to Post Quarterly Earnings on Wednesday

American Water Works (NYSE:AWK) is set to announce its earnings results after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of $1.84 per share for the quarter. American Water Works has set its FY24 guidance at $5.25-5.30 EPS and its FY 2024 guidance at 5.250-5.300 EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

American Water Works (NYSE:AWK) last announced its earnings results on Wednesday, July 31st. The utilities provider reported $1.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.47 by ($0.05). The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.10 billion. American Water Works had a net margin of 21.93% and a return on equity of 9.60%. The firm’s revenue was up 4.7% compared to the same quarter last year. During the same period last year, the business posted $1.44 EPS. On average, analysts expect American Water Works to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

American Water Works Stock Down 1.5 %

Shares of NYSE AWK opened at $137.66 on Monday. The company has a current ratio of 0.64, a quick ratio of 0.58 and a debt-to-equity ratio of 1.24. The stock has a market capitalization of $26.82 billion, a PE ratio of 27.92, a price-to-earnings-growth ratio of 3.28 and a beta of 0.69. The stock’s fifty day simple moving average is $143.12 and its two-hundred day simple moving average is $135.82. American Water Works has a 12-month low of $113.34 and a 12-month high of $150.68.

American Water Works Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Tuesday, August 13th were given a dividend of $0.765 per share. The ex-dividend date of this dividend was Tuesday, August 13th. This represents a $3.06 annualized dividend and a yield of 2.22%. American Water Works’s dividend payout ratio (DPR) is presently 62.07%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Wolfe Research raised American Water Works to a “hold” rating in a research report on Wednesday, September 18th. Wells Fargo & Company cut American Water Works from an “equal weight” rating to an “underweight” rating and raised their price objective for the stock from $127.00 to $138.00 in a research report on Wednesday, July 31st. Bank of America reissued an “underperform” rating and issued a $140.00 price objective on shares of American Water Works in a research report on Friday, September 20th. Mizuho cut American Water Works from an “outperform” rating to a “neutral” rating and raised their price objective for the stock from $131.00 to $140.00 in a research report on Tuesday, October 15th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $164.00 price objective on shares of American Water Works in a research report on Thursday, September 19th. Four analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, American Water Works currently has a consensus rating of “Hold” and a consensus price target of $140.00.

Insiders Place Their Bets

In other American Water Works news, Director Martha Clark Goss sold 710 shares of American Water Works stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $142.85, for a total transaction of $101,423.50. Following the completion of the transaction, the director now owns 36,880 shares in the company, valued at approximately $5,268,308. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.08% of the stock is currently owned by 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.