Wall Street brokerages forecast that American Water Works Company Inc (NYSE:AWK) will announce $867.00 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for American Water Works’ earnings, with the lowest sales estimate coming in at $843.00 million and the highest estimate coming in at $891.00 million. American Water Works posted sales of $821.00 million during the same quarter last year, which indicates a positive year-over-year growth rate of 5.6%. The company is scheduled to issue its next quarterly earnings report on Tuesday, February 19th.

On average, analysts expect that American Water Works will report full year sales of $3.43 billion for the current year, with estimates ranging from $3.42 billion to $3.44 billion. For the next year, analysts forecast that the business will post sales of $3.60 billion, with estimates ranging from $3.54 billion to $3.70 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow American Water Works.

American Water Works (NYSE:AWK) last issued its earnings results on Wednesday, October 31st. The utilities provider reported $1.20 EPS for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.04. American Water Works had a net margin of 13.31% and a return on equity of 10.57%. The business had revenue of $976.00 million for the quarter, compared to the consensus estimate of $946.35 million. During the same quarter last year, the firm posted $1.08 EPS. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year.

Several equities research analysts recently issued reports on the stock. Evercore ISI assumed coverage on shares of American Water Works in a research note on Monday, September 17th. They set an “outperform” rating and a $96.00 price target on the stock. ValuEngine downgraded shares of American Water Works from a “buy” rating to a “hold” rating in a research note on Tuesday, August 28th. Finally, Zacks Investment Research raised shares of American Water Works from a “sell” rating to a “hold” rating in a research note on Tuesday, October 23rd. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $90.62.

In other news, COO Walter Lynch sold 5,000 shares of American Water Works stock in a transaction dated Thursday, November 15th. The shares were sold at an average price of $91.69, for a total value of $458,450.00. Following the completion of the transaction, the chief operating officer now directly owns 107,031 shares of the company’s stock, valued at approximately $9,813,672.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Loyd A. Warnock sold 10,520 shares of American Water Works stock in a transaction dated Friday, August 31st. The shares were sold at an average price of $87.86, for a total transaction of $924,287.20. Following the completion of the transaction, the senior vice president now directly owns 12,322 shares of the company’s stock, valued at $1,082,610.92. The disclosure for this sale can be found here. Insiders sold a total of 25,520 shares of company stock valued at $2,278,437 over the last ninety days. Company insiders own 0.35% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of AWK. Bessemer Group Inc. boosted its holdings in shares of American Water Works by 35.7% in the 2nd quarter. Bessemer Group Inc. now owns 3,037,757 shares of the utilities provider’s stock valued at $259,363,000 after buying an additional 798,684 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of American Water Works by 19.1% in the 2nd quarter. Wells Fargo & Company MN now owns 3,663,972 shares of the utilities provider’s stock valued at $312,830,000 after buying an additional 586,729 shares during the period. BlackRock Inc. boosted its holdings in shares of American Water Works by 3.3% in the 2nd quarter. BlackRock Inc. now owns 13,605,841 shares of the utilities provider’s stock valued at $1,161,668,000 after buying an additional 437,246 shares during the period. Unigestion Holding SA acquired a new position in shares of American Water Works in the 2nd quarter valued at about $24,107,000. Finally, Carillon Tower Advisers Inc. boosted its holdings in shares of American Water Works by 1,172.0% in the 2nd quarter. Carillon Tower Advisers Inc. now owns 305,600 shares of the utilities provider’s stock valued at $26,092,000 after buying an additional 281,575 shares during the period. 82.85% of the stock is owned by institutional investors and hedge funds.

American Water Works stock opened at $93.02 on Friday. American Water Works has a 12-month low of $76.04 and a 12-month high of $94.45. The firm has a market cap of $16.88 billion, a P/E ratio of 30.70, a PEG ratio of 3.64 and a beta of 0.10. The company has a current ratio of 0.46, a quick ratio of 0.43 and a debt-to-equity ratio of 1.29.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 4th. Stockholders of record on Monday, November 12th will be given a $0.455 dividend. This represents a $1.82 annualized dividend and a dividend yield of 1.96%. The ex-dividend date is Thursday, November 8th. American Water Works’s payout ratio is currently 60.07%.

About American Water Works

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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