American Water Works (NYSE:AWK – Get Free Report) updated its FY 2025 earnings guidance on Wednesday. The company provided EPS guidance of 5.650-5.750 for the period, compared to the consensus EPS estimate of 5.680. The company issued revenue guidance of -. American Water Works also updated its FY 2024 guidance to 5.250-5.300 EPS.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on the stock. Wolfe Research upgraded shares of American Water Works to a “hold” rating in a report on Wednesday, September 18th. Mizuho lowered shares of American Water Works from an “outperform” rating to a “neutral” rating and increased their target price for the stock from $131.00 to $140.00 in a report on Tuesday, October 15th. Royal Bank of Canada restated an “outperform” rating and set a $164.00 price target on shares of American Water Works in a report on Thursday, September 19th. Wells Fargo & Company cut American Water Works from an “equal weight” rating to an “underweight” rating and increased their price objective for the stock from $127.00 to $138.00 in a report on Wednesday, July 31st. Finally, Jefferies Financial Group initiated coverage on American Water Works in a report on Monday, October 7th. They set an “underperform” rating and a $124.00 target price for the company. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $140.00.
View Our Latest Research Report on American Water Works
American Water Works Stock Up 2.1 %
American Water Works (NYSE:AWK – Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The utilities provider reported $1.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.84 by ($0.04). The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.20 billion. American Water Works had a return on equity of 9.60% and a net margin of 21.93%. As a group, analysts expect that American Water Works will post 5.27 earnings per share for the current year.
American Water Works Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors 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 of this dividend is Tuesday, November 12th. American Water Works’s dividend payout ratio (DPR) is presently 62.32%.
Insiders Place Their Bets
In other news, Director Martha Clark Goss sold 710 shares of American Water Works stock in a transaction dated Tuesday, September 3rd. The stock was 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 $5,268,308. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate 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.
Featured Articles
- Five stocks we like better than American Water Works
- How to Calculate Inflation Rate
- Microsoft Can Hit New All-Time Highs This Year – Here’s Why
- Unveiling The Power Of VWAP: A Key Indicator For Traders
- Zillow Stock’s Bull Case: Why This Recent Sell-Off Could Be a Buy
- What is a Dividend Harvesting Strategy and How Can Investors Profit from it?
- IonQ’s Quantum Surge: Ride the Wave or Cash Out?
Receive News & Ratings for American Water Works Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Water Works and related companies with MarketBeat.com's FREE daily email newsletter.