Diverse Outlook
American Water Works Company, Inc. (NYSE:AWK – Free Report) – Stock analysts at Zacks Research raised their Q3 2024 EPS estimates for shares of American Water Works in a report issued on Tuesday, April 16th. Zacks Research analyst J. Saha now anticipates that the utilities provider will post earnings per share of $1.75 for the quarter, up from their previous estimate of $1.74. 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’ FY2024 earnings at $5.22 EPS, Q2 2025 earnings at $1.56 EPS, Q4 2025 earnings at $1.13 EPS, FY2025 earnings at $5.67 EPS, Q1 2026 earnings at $1.28 EPS and FY2026 earnings at $5.90 EPS.
American Water Works (NYSE:AWK – Get Free Report) last posted its earnings results on Thursday, February 15th. The utilities provider reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.04. American Water Works had a net margin of 22.30% and a return on equity of 9.70%. The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period last year, the firm posted $0.81 EPS. The firm’s revenue for the quarter was up 10.8% on a year-over-year basis.
Several other equities research analysts have also recently issued reports on AWK. Evercore ISI cut shares of American Water Works from an “outperform” rating to an “in-line” rating and decreased their price target for the stock from $160.00 to $135.00 in a research note on Friday, February 16th. StockNews.com cut shares of American Water Works from a “hold” rating to a “sell” rating in a research report on Wednesday, April 3rd.
View Our Latest Research Report on American Water Works
American Water Works Price Performance
NYSE:AWK traded up $1.58 during mid-day trading on Wednesday, hitting $115.40. 1,849,390 shares of the company’s stock traded hands, compared to its average volume of 1,461,031. American Water Works has a 1 year low of $113.34 and a 1 year high of $152.99. The company has a market cap of $22.48 billion, a PE ratio of 23.28, a price-to-earnings-growth ratio of 2.77 and a beta of 0.63. The firm’s 50 day simple moving average is $119.58 and its 200 day simple moving average is $124.24. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.59 and a current ratio of 0.65.
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 dated Monday, March 4th. The stock was sold at an average price of $119.59, for a total transaction of $100,814.37. Following the sale, the executive vice president now owns 16,240 shares in the company, valued at approximately $1,942,141.60. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.08% of the stock is owned by company insiders.
Hedge Funds Weigh In On American Water Works
A number of large investors have recently made changes to their positions in the business. Thrivent Financial for Lutherans grew its stake in shares of American Water Works by 1.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 8,088 shares of the utilities provider’s stock valued at $1,053,000 after buying an additional 78 shares in the last quarter. Diversified LLC lifted its holdings in shares of American Water Works by 3.2% during the fourth quarter. Diversified LLC now owns 2,547 shares of the utilities provider’s stock worth $336,000 after buying an additional 80 shares during the last quarter. Sunbelt Securities Inc. lifted its holdings in shares of American Water Works by 1.8% during the second quarter. Sunbelt Securities Inc. now owns 4,548 shares of the utilities provider’s stock worth $649,000 after buying an additional 82 shares during the last quarter. Brookstone Capital Management lifted its holdings in shares of American Water Works by 4.8% during the fourth quarter. Brookstone Capital Management now owns 1,809 shares of the utilities provider’s stock worth $239,000 after buying an additional 83 shares during the last quarter. Finally, Headlands Technologies LLC lifted its holdings in shares of American Water Works by 10.4% during the fourth quarter. Headlands Technologies LLC now owns 894 shares of the utilities provider’s stock worth $118,000 after buying an additional 84 shares during the last quarter. Institutional investors and hedge funds own 86.58% of the company’s stock.
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.
Further Reading
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