Q4 2024 EPS Estimates for American Water Works Company, Inc. (NYSE:AWK) Boosted by Zacks Research

American Water Works Company, Inc. (NYSE:AWK) – Equities research analysts at Zacks Research raised their Q4 2024 earnings per share (EPS) estimates for American Water Works in a research note issued to investors on Tuesday, April 16th. Zacks Research analyst J. Saha now expects that the utilities provider will post earnings of $0.99 per share for the quarter, up from their previous forecast of $0.98. 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’ Q1 2025 earnings at $1.15 EPS and Q3 2025 earnings at $1.83 EPS.

Several other brokerages have also recently issued reports on AWK. Evercore ISI cut American Water Works from an “outperform” rating to an “in-line” rating and cut their target price for the company from $160.00 to $135.00 in a research report on Friday, February 16th. StockNews.com cut American Water Works from a “hold” rating to a “sell” rating in a research report on Wednesday, April 3rd.

American Water Works Stock Up 1.4 %

Shares of NYSE:AWK opened at $115.40 on Thursday. The stock has a market cap of $22.48 billion, a price-to-earnings ratio of 23.60, a PEG ratio of 2.77 and a beta of 0.63. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 1.20. American Water Works has a 12-month low of $113.34 and a 12-month high of $152.99. The business’s 50 day moving average is $119.45 and its 200 day moving average is $124.18.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Thrivent Financial for Lutherans grew its stake in shares of American Water Works by 1.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 8,088 shares of the utilities provider’s stock worth $1,053,000 after acquiring an additional 78 shares during the period. Diversified LLC grew its stake in shares of American Water Works by 3.2% during the 4th quarter. Diversified LLC now owns 2,547 shares of the utilities provider’s stock worth $336,000 after acquiring an additional 80 shares during the period. Sunbelt Securities Inc. grew its stake in shares of American Water Works by 1.8% during the 2nd quarter. Sunbelt Securities Inc. now owns 4,548 shares of the utilities provider’s stock worth $649,000 after acquiring an additional 82 shares during the period. Brookstone Capital Management grew its stake in shares of American Water Works by 4.8% during the 4th quarter. Brookstone Capital Management now owns 1,809 shares of the utilities provider’s stock worth $239,000 after acquiring an additional 83 shares during the period. Finally, Headlands Technologies LLC grew its stake in shares of American Water Works by 10.4% during the 4th quarter. Headlands Technologies LLC now owns 894 shares of the utilities provider’s stock worth $118,000 after acquiring an additional 84 shares during the period. Institutional investors own 86.58% of the company’s stock.

Insiders Place Their Bets

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 stock was sold at an average price of $119.59, for a total value of $100,814.37. Following the transaction, the executive vice president now owns 16,240 shares of the company’s stock, valued at $1,942,141.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.08% of the company’s stock.

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.