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

American Water Works (NYSE:AWK) issued an update on its FY 2024 earnings guidance on Wednesday morning. 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.

American Water Works Trading Up 2.1 %

AWK traded up $2.86 on Thursday, reaching $138.55. 524,285 shares of the company traded hands, compared to its average volume of 1,190,692. The company has a quick ratio of 0.58, a current ratio of 0.64 and a debt-to-equity ratio of 1.24. The company has a market cap of $27.00 billion, a P/E ratio of 27.64, a price-to-earnings-growth ratio of 3.28 and a beta of 0.69. The firm has a fifty day simple moving average of $142.85 and a two-hundred day simple moving average of $136.10. American Water Works has a one year low of $113.34 and a one year high of $150.68.

American Water Works (NYSE:AWK) last issued its earnings results on Wednesday, October 30th. The utilities provider reported $1.80 earnings per share for the quarter, missing the consensus estimate of $1.84 by ($0.04). American Water Works had a return on equity of 9.60% and a net margin of 21.93%. The firm had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.20 billion. As a group, equities research analysts expect that American Water Works will post 5.27 earnings per share for the current year.

American Water Works Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Tuesday, November 12th will be given a dividend of $0.765 per share. This represents a $3.06 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date is Tuesday, November 12th. American Water Works’s dividend payout ratio (DPR) is 62.32%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Bank of America reiterated an “underperform” rating and set a $140.00 price objective on shares of American Water Works in a research note on Friday, September 20th. Mizuho cut American Water Works from an “outperform” rating to a “neutral” rating and increased their target price for the company from $131.00 to $140.00 in a research report on Tuesday, October 15th. Royal Bank of Canada reissued an “outperform” rating and issued a $164.00 price target on shares of American Water Works in a research report on Thursday, September 19th. Wolfe Research raised American Water Works to a “hold” rating in a research report on Wednesday, September 18th. Finally, Wells Fargo & Company lowered shares of American Water Works from an “equal weight” rating to an “underweight” rating and increased their price target for the company from $127.00 to $138.00 in a research report on Wednesday, July 31st. 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 company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $140.00.

Insider Transactions at American Water Works

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

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.