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


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American Water Works (NYSE:AWK) posted its earnings results on Sunday. The utilities provider reported $0.73 EPS for the quarter, meeting the consensus estimate of $0.73, MarketWatch Earnings reports. The firm had revenue of $888.00 million for the quarter, compared to analyst estimates of $923.90 million. American Water Works had a return on equity of 11.03% and a net margin of 17.63%. American Water Works’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.67 earnings per share.

NYSE:AWK traded down $0.21 during mid-day trading on Tuesday, reaching $155.29. The stock had a trading volume of 940,500 shares, compared to its average volume of 1,050,806. 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 firm has a market capitalization of $28.18 billion, a price-to-earnings ratio of 42.55, a PEG ratio of 4.66 and a beta of 0.18. American Water Works has a twelve month low of $112.50 and a twelve month high of $172.56. The business has a 50 day simple moving average of $151.39 and a 200 day simple moving average of $153.24.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 1st. Investors of record on Tuesday, May 11th will be given a $0.6025 dividend. The ex-dividend date is Monday, May 10th. This represents a $2.41 dividend on an annualized basis and a yield of 1.55%. This is an increase from American Water Works’s previous quarterly dividend of $0.55. American Water Works’s dividend payout ratio (DPR) is presently 60.94%.

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

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 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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