Zacks Research Weighs in on American Water Works Company, Inc.’s Q3 2024 Earnings (NYSE:AWK)

American Water Works Company, Inc. (NYSE:AWK) – Analysts at Zacks Research upped their Q3 2024 earnings per share estimates for American Water Works in a report released on Tuesday, April 16th. Zacks Research analyst J. Saha now anticipates that the utilities provider will post earnings of $1.75 per share for the quarter, up from their prior estimate 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) last released its quarterly earnings data on Thursday, February 15th. The utilities provider reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.04. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.02 billion. American Water Works had a return on equity of 9.70% and a net margin of 22.30%. The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.81 earnings per share.

A number of other research firms also recently commented on AWK. StockNews.com downgraded American Water Works from a “hold” rating to a “sell” rating in a research report on Wednesday, April 3rd. Evercore ISI downgraded American Water Works from an “outperform” rating to an “in-line” rating and reduced their target price for the company from $160.00 to $135.00 in a research report on Friday, February 16th.

American Water Works Stock Performance

NYSE AWK opened at $117.33 on Wednesday. The stock’s fifty day moving average is $119.36 and its two-hundred day moving average is $124.13. The firm has a market capitalization of $22.86 billion, a P/E ratio of 23.99, a price-to-earnings-growth ratio of 2.72 and a beta of 0.63. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.59 and a current ratio of 0.65. American Water Works has a fifty-two week low of $113.34 and a fifty-two week high of $152.99.

Institutional Investors Weigh In On American Water Works

Institutional investors and hedge funds have recently modified their holdings of the company. Clear Street Markets LLC purchased a new stake in shares of American Water Works in the 4th quarter valued at $28,000. MV Capital Management Inc. raised its holdings in shares of American Water Works by 110.8% in the 4th quarter. MV Capital Management Inc. now owns 196 shares of the utilities provider’s stock valued at $26,000 after buying an additional 103 shares during the period. Ables Iannone Moore & Associates Inc. purchased a new stake in shares of American Water Works in the 4th quarter valued at $26,000. Tyler Stone Wealth Management purchased a new stake in shares of American Water Works in the 2nd quarter valued at $29,000. Finally, Quarry LP purchased a new stake in shares of American Water Works in the 2nd quarter valued at $31,000. Hedge funds and other institutional investors own 86.58% of the company’s stock.

Insider Buying and Selling at American Water Works

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