American Water Works (NYSE:AWK) Releases FY 2024 Earnings Guidance

American Water Works (NYSE:AWK) updated its FY 2024 earnings guidance on Wednesday. The company provided EPS guidance of 5.250-5.300 for the period, compared to the consensus EPS estimate of 5.250. The company issued revenue guidance of -. American Water Works also updated its FY 2025 guidance to 5.650-5.750 EPS.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Royal Bank of Canada restated an “outperform” rating and set a $164.00 price target on shares of American Water Works in a research note on Thursday, September 19th. Wells Fargo & Company lowered American Water Works from an “equal weight” rating to an “underweight” rating and increased their price objective for the stock from $127.00 to $138.00 in a research note on Wednesday, July 31st. Mizuho lowered shares of American Water Works from an “outperform” rating to a “neutral” rating and boosted their price target for the company from $131.00 to $140.00 in a research report on Tuesday, October 15th. Jefferies Financial Group assumed coverage on shares of American Water Works in a research report on Monday, October 7th. They issued an “underperform” rating and a $124.00 price target on the stock. Finally, Wolfe Research upgraded shares of American Water Works to a “hold” rating in a research report on Wednesday, September 18th. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, American Water Works currently has a consensus rating of “Hold” and a consensus price target of $140.00.

American Water Works Price Performance

Shares of AWK stock traded down $2.11 during trading hours on Friday, reaching $136.00. 1,044,446 shares of the company were exchanged, compared to its average volume of 1,194,815. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.64 and a quick ratio of 0.58. American Water Works has a fifty-two week low of $113.34 and a fifty-two week high of $150.68. The company has a market cap of $26.50 billion, a price-to-earnings ratio of 26.93, a P/E/G ratio of 3.26 and a beta of 0.69. The stock’s fifty day moving average is $142.73 and its two-hundred day moving average is $136.25.

American Water Works (NYSE:AWK) last posted its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $1.42 earnings per share for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.05). American Water Works had a return on equity of 9.84% and a net margin of 21.77%. The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same period last year, the firm earned $1.44 earnings per share. The company’s quarterly revenue was up 4.7% on a year-over-year basis. Sell-side analysts forecast that American Water Works will post 5.27 earnings per share for the current fiscal year.

American Water Works Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Tuesday, November 12th will be paid a $0.765 dividend. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date of this dividend is Tuesday, November 12th. American Water Works’s dividend payout ratio (DPR) is currently 60.59%.

Insider Buying and Selling

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

American Water Works Company Profile

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.