American Water Works (AWK) to Release Earnings on Wednesday

American Water Works (NYSE:AWK) is set to post its quarterly earnings results after the market closes on Wednesday, October 30th. Analysts expect American Water Works to post 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 released its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $1.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.05). The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.10 billion. American Water Works had a net margin of 21.93% and a return on equity of 9.60%. American Water Works’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter last year, the firm 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 Price Performance

AWK stock opened at $140.76 on Wednesday. American Water Works has a 52-week low of $113.34 and a 52-week high of $150.68. The business has a 50-day simple moving average of $143.22 and a two-hundred day simple moving average of $135.40. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.58 and a current ratio of 0.64. The company has a market capitalization of $27.42 billion, a P/E ratio of 28.55, a price-to-earnings-growth ratio of 3.28 and a beta of 0.69.

American Water Works Dividend Announcement

The company 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 was Tuesday, August 13th. This represents a $3.06 annualized dividend and a dividend yield of 2.17%. American Water Works’s dividend payout ratio is currently 62.07%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on AWK shares. Jefferies Financial Group initiated coverage on shares of American Water Works in a research report on Monday, October 7th. They set an “underperform” rating and a $124.00 target price on the stock. Wells Fargo & Company lowered shares of American Water Works from an “equal weight” rating to an “underweight” rating and lifted their price objective for the company from $127.00 to $138.00 in a research note on Wednesday, July 31st. Bank of America reiterated an “underperform” rating and issued a $140.00 price objective on shares of American Water Works in a research note on Friday, September 20th. Wolfe Research upgraded shares of American Water Works to a “hold” rating in a research note on Wednesday, September 18th. Finally, Mizuho lowered shares of American Water Works from an “outperform” rating to a “neutral” rating and lifted their price objective for the company from $131.00 to $140.00 in a research note on Tuesday, October 15th. Four analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $140.00.

Insider Activity at American Water Works

In related news, Director Martha Clark Goss sold 710 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $142.85, for a total value of $101,423.50. Following the completion of the transaction, the director now directly owns 36,880 shares in the company, valued at approximately $5,268,308. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.08% of the stock is currently owned by insiders.

About American Water Works

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.