American Water Works (AWK) Set to Announce Earnings on Wednesday

American Water Works (NYSE:AWK) is scheduled to announce its earnings results after the market closes on Wednesday, July 31st. Analysts expect the company to announce earnings of $1.50 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

American Water Works (NYSE:AWK) last released its quarterly earnings data on Thursday, May 2nd. The utilities provider reported $0.95 EPS for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.03). American Water Works had a net margin of 22.27% and a return on equity of 9.74%. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $962.30 million. During the same quarter last year, the business posted $0.91 earnings per share. American Water Works’s revenue was up 7.8% compared to the same quarter last year. 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 Trading Down 0.2 %

Shares of American Water Works stock opened at $141.42 on Tuesday. American Water Works has a 1 year low of $113.34 and a 1 year high of $148.20. The firm has a market cap of $27.55 billion, a PE ratio of 28.69, a PEG ratio of 3.38 and a beta of 0.67. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.85 and a quick ratio of 0.79. The company has a 50 day simple moving average of $132.33 and a two-hundred day simple moving average of $126.09.

American Water Works Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Tuesday, May 14th were given a dividend of $0.765 per share. The ex-dividend date of this dividend was Monday, May 13th. This is a positive change from American Water Works’s previous quarterly dividend of $0.71. This represents a $3.06 annualized dividend and a yield of 2.16%. American Water Works’s payout ratio is presently 62.07%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. UBS Group lifted their target price on shares of American Water Works from $124.00 to $139.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. StockNews.com lowered shares of American Water Works from a “hold” rating to a “sell” rating in a research report on Wednesday, April 3rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $141.80.

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.