American Water Works (AWK) Set to Announce Quarterly Earnings on Wednesday

American Water Works (NYSE:AWK) is set to post its quarterly earnings results after the market closes on Wednesday, May 1st. Analysts expect American Water Works to post earnings of $1.00 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

American Water Works (NYSE:AWK) last announced its quarterly earnings results on Thursday, February 15th. The utilities provider reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.04. The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.02 billion. American Water Works had a return on equity of 9.70% and a net margin of 22.30%. American Water Works’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.81 earnings per share. On average, analysts expect American Water Works to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

American Water Works Price Performance

Shares of NYSE AWK opened at $120.78 on Monday. 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 firm’s 50 day simple moving average is $119.13 and its 200-day simple moving average is $124.21. American Water Works has a 12 month low of $113.34 and a 12 month high of $151.24. The stock has a market capitalization of $23.53 billion, a price-to-earnings ratio of 24.70, a PEG ratio of 2.88 and a beta of 0.63.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other news, EVP Melanie M. Kennedy sold 843 shares of American Water Works stock in a transaction dated Monday, March 4th. The shares were 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 $1,942,141.60. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.08% of the stock is currently owned by company insiders.

About American Water Works

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.