American Water Works (AWK) Updates FY 2019 Earnings Guidance

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American Water Works (NYSE:AWK) issued an update on its FY 2019 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $3.54-3.64 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.58.

Shares of NYSE AWK traded up $0.65 during mid-day trading on Tuesday, reaching $98.70. 834,280 shares of the company’s stock were exchanged, compared to its average volume of 910,354. The stock has a market cap of $17.71 billion, a PE ratio of 32.57, a P/E/G ratio of 3.48 and a beta of 0.25. The company has a current ratio of 0.46, a quick ratio of 0.43 and a debt-to-equity ratio of 1.29. American Water Works has a 52-week low of $77.73 and a 52-week high of $98.78.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Thursday, February 7th will be issued a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date is Wednesday, February 6th. American Water Works’s dividend payout ratio is presently 60.07%.

AWK has been the subject of a number of research analyst reports. Wells Fargo & Co reiterated a buy awk rating on shares of American Water Works in a report on Monday, December 24th. Zacks Investment Research cut American Water Works from a buy rating to a hold rating in a report on Tuesday, November 27th. Robert W. Baird upgraded American Water Works from a neutral rating to an outperform rating and set a $103.00 price target for the company in a report on Thursday, December 6th. Finally, Janney Montgomery Scott increased their price target on American Water Works from $96.00 to $102.00 and gave the stock a buy rating in a report on Wednesday, December 12th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. American Water Works has an average rating of Buy and an average target price of $95.22.

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American Water Works Company Profile

American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States and Canada. It offers water and wastewater services to approximately 1,600 communities in 16 states. The company operates approximately 72 surface water treatment plants; 527 groundwater treatment plants; 8 combined treatment plants; 127 wastewater treatment plants; 50,382 miles of transmission, distribution, and collection mains and pipes; 1,103 groundwater wells; 1,428 water and wastewater pumping stations; 1,313 treated water storage facilities; and 80 dams.

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