Zacks Research Equities Analysts Boost Earnings Estimates for American Water Works Company, Inc. (NYSE:AWK)

American Water Works Company, Inc. (NYSE:AWK - Free Report) - Research analysts at Zacks Research raised their Q3 2024 EPS estimates for American Water Works in a note issued to investors on Tuesday, April 16th. Zacks Research analyst J. Saha now forecasts that the utilities provider will post earnings of $1.75 per share for the quarter, up from their prior forecast of $1.74. The consensus estimate for American Water Works' current full-year earnings is $5.24 per share. Zacks Research also issued estimates for American Water Works' FY2024 earnings at $5.22 EPS, Q2 2025 earnings at $1.56 EPS, Q4 2025 earnings at $1.13 EPS, FY2025 earnings at $5.67 EPS, Q1 2026 earnings at $1.28 EPS and FY2026 earnings at $5.90 EPS.

American Water Works (NYSE:AWK - Get Free Report) last issued its quarterly earnings results on Thursday, February 15th. The utilities provider reported $0.88 EPS for the quarter, topping the consensus estimate of $0.84 by $0.04. American Water Works had a net margin of 22.30% and a return on equity of 9.70%. The firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the prior year, the business posted $0.81 earnings per share. American Water Works's revenue for the quarter was up 10.8% compared to the same quarter last year.

Several other equities analysts have also commented on AWK. StockNews.com lowered shares of American Water Works from a "hold" rating to a "sell" rating in a research report on Wednesday, April 3rd. Evercore ISI lowered shares of American Water Works from an "outperform" rating to an "in-line" rating and dropped their price target for the stock from $160.00 to $135.00 in a research report on Friday, February 16th.

American Water Works Trading Up 1.4 %

AWK stock traded up $1.58 on Wednesday, hitting $115.40. 1,849,390 shares of the company were exchanged, compared to its average volume of 1,461,753. American Water Works has a twelve month low of $113.34 and a twelve month high of $152.99. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.65 and a quick ratio of 0.59. The business's fifty day moving average is $119.45 and its two-hundred day moving average is $124.18. The stock has a market capitalization of $22.48 billion, a price-to-earnings ratio of 23.60, a price-to-earnings-growth ratio of 2.77 and a beta of 0.63.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Clear Street Markets LLC purchased a new position in shares of American Water Works in the fourth quarter valued at $28,000. MV Capital Management Inc. boosted its stake in shares of American Water Works by 110.8% in the fourth quarter. MV Capital Management Inc. now owns 196 shares of the utilities provider's stock valued at $26,000 after purchasing an additional 103 shares during the period. Ables Iannone Moore & Associates Inc. purchased a new position in shares of American Water Works in the fourth quarter valued at $26,000. Tyler Stone Wealth Management purchased a new position in shares of American Water Works in the second quarter valued at $29,000. Finally, Quarry LP bought a new position in American Water Works during the 2nd quarter valued at $31,000. 86.58% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at American Water Works

In other news, EVP Melanie M. Kennedy sold 843 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $119.59, for a total value of $100,814.37. Following the completion of the sale, the executive vice president now owns 16,240 shares of the company's stock, valued at $1,942,141.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company 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.