American Water Works Company, Inc. (NYSE:AWK) Expected to Announce Quarterly Sales of $925.71 Million

Equities analysts expect American Water Works Company, Inc. (NYSE:AWKGet Rating) to report sales of $925.71 million for the current quarter, Zacks reports. Two analysts have made estimates for American Water Works’ earnings, with estimates ranging from $898.42 million to $953.00 million. The firm is scheduled to issue its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that American Water Works will report full-year sales of $3.69 billion for the current fiscal year, with estimates ranging from $3.61 billion to $3.78 billion. For the next fiscal year, analysts forecast that the company will post sales of $3.84 billion, with estimates ranging from $3.76 billion to $3.92 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for American Water Works.

American Water Works (NYSE:AWKGet Rating) last issued its earnings results on Wednesday, April 27th. The utilities provider reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.12. The firm had revenue of $842.00 million for the quarter, compared to the consensus estimate of $872.01 million. American Water Works had a return on equity of 11.25% and a net margin of 33.16%. During the same quarter in the previous year, the company posted $0.73 earnings per share.

Several analysts have recently issued reports on the company. StockNews.com started coverage on American Water Works in a research note on Thursday, March 31st. They set a “hold” rating for the company. Zacks Investment Research upgraded American Water Works from a “sell” rating to a “hold” rating and set a $163.00 target price for the company in a research note on Wednesday, February 9th. HSBC upgraded American Water Works from a “hold” rating to a “buy” rating and decreased their target price for the company from $190.00 to $182.00 in a research note on Wednesday, February 23rd. Wells Fargo & Company upped their price target on American Water Works from $148.00 to $156.00 and gave the company an “underweight” rating in a report on Tuesday, April 19th. Finally, Barclays cut their price target on American Water Works from $187.00 to $166.00 and set an “equal weight” rating for the company in a report on Wednesday, February 9th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $174.00.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Segall Bryant & Hamill LLC boosted its position in shares of American Water Works by 21.9% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 13,959 shares of the utilities provider’s stock worth $2,363,000 after purchasing an additional 2,507 shares during the last quarter. AE Wealth Management LLC boosted its position in shares of American Water Works by 11.1% in the 4th quarter. AE Wealth Management LLC now owns 12,652 shares of the utilities provider’s stock worth $2,389,000 after purchasing an additional 1,260 shares during the last quarter. LPL Financial LLC boosted its position in shares of American Water Works by 0.7% in the 3rd quarter. LPL Financial LLC now owns 147,269 shares of the utilities provider’s stock worth $24,894,000 after purchasing an additional 1,038 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of American Water Works by 12.7% in the 4th quarter. Van ECK Associates Corp now owns 33,608 shares of the utilities provider’s stock worth $6,347,000 after purchasing an additional 3,782 shares during the last quarter. Finally, Millennium Management LLC boosted its position in shares of American Water Works by 42.5% in the 3rd quarter. Millennium Management LLC now owns 25,868 shares of the utilities provider’s stock worth $4,373,000 after purchasing an additional 7,721 shares during the last quarter. Hedge funds and other institutional investors own 82.77% of the company’s stock.

Shares of AWK traded up $0.44 during trading hours on Tuesday, hitting $146.41. 662,810 shares of the company were exchanged, compared to its average volume of 1,011,996. The company has a market cap of $26.61 billion, a PE ratio of 20.65, a PEG ratio of 4.05 and a beta of 0.44. The firm’s 50 day moving average is $158.38 and its 200-day moving average is $163.93. American Water Works has a 52 week low of $142.63 and a 52 week high of $189.65. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.47 and a current ratio of 0.52.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 1st. Investors of record on Tuesday, May 10th will be issued a dividend of $0.655 per share. This represents a $2.62 dividend on an annualized basis and a yield of 1.79%. This is a boost from American Water Works’s previous quarterly dividend of $0.60. The ex-dividend date is Monday, May 9th. American Water Works’s dividend payout ratio (DPR) is currently 36.95%.

American Water Works Company Profile (Get Rating)

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 3.4 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.

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