American Water Works (NYSE:AWK) Announces Earnings Results, Meets Estimates


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American Water Works (NYSE:AWK) announced its quarterly earnings data on Sunday. The utilities provider reported $0.73 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.73, MarketWatch Earnings reports. American Water Works had a return on equity of 11.03% and a net margin of 17.63%. The business had revenue of $888.00 million for the quarter, compared to the consensus estimate of $923.90 million. During the same period in the previous year, the business earned $0.67 earnings per share. The business’s revenue was up 5.2% on a year-over-year basis.

Shares of AWK traded down $0.21 during mid-day trading on Tuesday, hitting $155.29. 956,263 shares of the stock were exchanged, compared to its average volume of 1,050,806. The company has a market cap of $28.18 billion, a PE ratio of 42.60, a price-to-earnings-growth ratio of 4.66 and a beta of 0.18. American Water Works has a 52-week low of $112.50 and a 52-week high of $172.56. The firm has a 50-day moving average of $151.07 and a two-hundred day moving average of $153.24. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.85 and a current ratio of 0.87.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 1st. Stockholders of record on Tuesday, May 11th will be issued a dividend of $0.6025 per share. This represents a $2.41 annualized dividend and a dividend yield of 1.55%. This is a boost from American Water Works’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Monday, May 10th. American Water Works’s dividend payout ratio is 60.94%.

AWK has been the topic of several recent analyst reports. Atlantic Securities began coverage on American Water Works in a research note on Thursday, January 7th. They set an “overweight” rating and a $173.00 target price on the stock. US Capital Advisors restated an “overweight” rating on shares of American Water Works in a research note on Thursday, January 21st. Janney Montgomery Scott upgraded American Water Works from a “neutral” rating to a “buy” rating and set a $159.00 price target for the company in a research note on Thursday, March 4th. Finally, Barclays upped their price target on American Water Works from $173.00 to $184.00 and gave the stock an “equal weight” rating in a research note on Friday, January 22nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company’s stock. American Water Works presently has a consensus rating of “Hold” and a consensus price target of $155.00.

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 16 states serving approximately 3.5 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, such as schools and universities; and other utilities and community water and wastewater systems.

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Earnings History for American Water Works (NYSE:AWK)

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