American Water Works (NYSE:AWK) issued an update on its FY19 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $3.54-3.64 for the period, compared to the Thomson Reuters consensus estimate of $3.59. American Water Works also updated its FY 2019 guidance to $3.54-3.64 EPS.
Shares of AWK stock traded up $0.65 during trading hours on Tuesday, hitting $98.70. 834,280 shares of the company’s stock traded hands, compared to its average volume of 910,354. American Water Works has a 12-month low of $77.73 and a 12-month high of $98.78. The firm has a market capitalization of $17.71 billion, a price-to-earnings ratio of 32.57, a PEG ratio of 3.48 and a beta of 0.25. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.43 and a current ratio of 0.46.
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American Water Works (NYSE:AWK) last announced its quarterly earnings data on Tuesday, February 19th. The utilities provider reported $0.69 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.69. American Water Works had a net margin of 13.31% and a return on equity of 10.57%. The company had revenue of $850.00 million during the quarter, compared to analyst estimates of $823.93 million. During the same period in the previous year, the business earned $0.69 EPS. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. As a group, sell-side analysts forecast that American Water Works will post 3.3 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Thursday, February 7th will be issued a $0.455 dividend. The ex-dividend date of this dividend is Wednesday, February 6th. This represents a $1.82 dividend on an annualized basis and a yield of 1.84%. American Water Works’s payout ratio is currently 60.07%.
A number of brokerages recently weighed in on AWK. Wells Fargo & Co boosted their price objective on shares of American Water Works from $97.00 to $104.00 and gave the stock an outperform rating in a report on Wednesday, December 12th. Zacks Investment Research upgraded shares of American Water Works from a hold rating to a buy rating and set a $103.00 price objective for the company in a report on Monday, November 26th. Janney Montgomery Scott boosted their price objective on shares of American Water Works from $96.00 to $102.00 and gave the stock a buy rating in a report on Wednesday, December 12th. Finally, Robert W. Baird boosted their price objective on shares of American Water Works from $103.00 to $104.00 and gave the stock an outperform rating in a report on Wednesday, December 12th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company presently has an average rating of Buy and an average target price of $95.22.
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American Water Works Company Profile
American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States and Canada. It offers water and wastewater services to approximately 1,600 communities in 16 states. The company operates approximately 72 surface water treatment plants; 527 groundwater treatment plants; 8 combined treatment plants; 127 wastewater treatment plants; 50,382 miles of transmission, distribution, and collection mains and pipes; 1,103 groundwater wells; 1,428 water and wastewater pumping stations; 1,313 treated water storage facilities; and 80 dams.
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