Equities research analysts expect American Water (NYSE:AWK) to announce sales of $781.15 million for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for American Water’s earnings. The lowest sales estimate is $767.00 million and the highest is $795.30 million. American Water posted sales of $756.00 million in the same quarter last year, which suggests a positive year-over-year growth rate of 3.3%. The company is expected to issue its next earnings report after the market closes on Wednesday, May 2nd.

On average, analysts expect that American Water will report full-year sales of $3.47 billion for the current fiscal year, with estimates ranging from $3.29 billion to $3.63 billion. For the next year, analysts anticipate that the firm will report sales of $3.60 billion per share, with estimates ranging from $3.48 billion to $3.69 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for American Water.

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American Water (NYSE:AWK) last posted its quarterly earnings data on Tuesday, February 20th. The utilities provider reported $0.69 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.03. American Water had a return on equity of 10.03% and a net margin of 12.69%. The firm had revenue of $821.00 million for the quarter, compared to analysts’ expectations of $843.36 million. During the same period in the previous year, the firm earned $0.57 EPS. The business’s quarterly revenue was up 2.4% on a year-over-year basis.

AWK has been the topic of a number of research analyst reports. Bank of America cut American Water from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $85.70 to $91.00 in a report on Thursday, January 11th. Zacks Investment Research cut American Water from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. HSBC raised American Water from a “hold” rating to a “buy” rating and boosted their price target for the stock from $74.63 to $80.15 in a report on Friday, March 23rd. Guggenheim reissued a “hold” rating and issued a $82.00 price target on shares of American Water in a report on Friday, February 23rd. Finally, Robert W. Baird reissued a “neutral” rating and issued a $88.00 price target (down from $91.00) on shares of American Water in a report on Thursday, February 22nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $89.52.

AWK stock opened at $82.62 on Tuesday. American Water has a twelve month low of $74.63 and a twelve month high of $92.37. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.29 and a current ratio of 0.31. The stock has a market cap of $14,437.71, a PE ratio of 27.27, a P/E/G ratio of 3.32 and a beta of 0.16.

Institutional investors and hedge funds have recently modified their holdings of the company. Aurora Investment Counsel purchased a new stake in shares of American Water during the 4th quarter worth approximately $2,210,000. Nisa Investment Advisors LLC raised its holdings in shares of American Water by 38.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 15,700 shares of the utilities provider’s stock worth $1,436,000 after acquiring an additional 4,400 shares in the last quarter. LGT Capital Partners LTD. raised its holdings in shares of American Water by 0.9% during the 4th quarter. LGT Capital Partners LTD. now owns 185,930 shares of the utilities provider’s stock worth $17,011,000 after acquiring an additional 1,570 shares in the last quarter. MetLife Investment Advisors LLC purchased a new stake in shares of American Water during the 4th quarter worth approximately $5,049,000. Finally, Victory Capital Management Inc. raised its holdings in shares of American Water by 11.3% during the 4th quarter. Victory Capital Management Inc. now owns 40,707 shares of the utilities provider’s stock worth $3,724,000 after acquiring an additional 4,149 shares in the last quarter. 84.76% of the stock is currently owned by institutional investors and hedge funds.

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About American Water

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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