Brokers Set Expectations for American Water Works Company, Inc.’s Q4 2024 Earnings (NYSE:AWK)

American Water Works Company, Inc. (NYSE:AWK) – Equities research analysts at Zacks Research lifted their Q4 2024 earnings estimates for American Water Works in a report issued on Tuesday, April 16th. Zacks Research analyst J. Saha now anticipates that the utilities provider will post earnings of $0.99 per share for the quarter, up from their previous estimate of $0.98. 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’ Q1 2025 earnings at $1.15 EPS and Q3 2025 earnings at $1.83 EPS.

American Water Works (NYSE:AWK) last posted its quarterly earnings results 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. American Water Works had a return on equity of 9.70% and a net margin of 22.30%. The business had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the prior year, the business earned $0.81 EPS. The firm’s revenue for the quarter was up 10.8% on a year-over-year basis.

A number of other research analysts have also weighed in on AWK. Evercore ISI lowered shares of American Water Works from an “outperform” rating to an “in-line” rating and dropped their price objective for the company from $160.00 to $135.00 in a research note on Friday, February 16th. StockNews.com downgraded American Water Works from a “hold” rating to a “sell” rating in a research note on Wednesday, April 3rd.

American Water Works Price Performance

Shares of AWK opened at $117.33 on Thursday. The business’s fifty day moving average is $119.36 and its 200 day moving average is $124.13. American Water Works has a 12-month low of $113.34 and a 12-month high of $152.99. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 1.20. The stock has a market cap of $22.86 billion, a P/E ratio of 23.99, a P/E/G ratio of 2.72 and a beta of 0.63.

Insider Buying and Selling

In other American Water Works news, EVP Melanie M. Kennedy sold 843 shares of the 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 completion of 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 SEC, which is available at this link. 0.08% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of AWK. SeaCrest Wealth Management LLC grew its position in American Water Works by 4.4% during the first quarter. SeaCrest Wealth Management LLC now owns 2,831 shares of the utilities provider’s stock valued at $346,000 after buying an additional 120 shares during the period. Farmers & Merchants Investments Inc. boosted its stake in American Water Works by 100.0% in the first quarter. Farmers & Merchants Investments Inc. now owns 254 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 127 shares during the last quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH grew its position in shares of American Water Works by 6.0% during the 1st quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 31,347 shares of the utilities provider’s stock valued at $3,831,000 after acquiring an additional 1,766 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of American Water Works by 1.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,143,437 shares of the utilities provider’s stock worth $261,949,000 after purchasing an additional 25,887 shares during the last quarter. Finally, Claro Advisors LLC raised its holdings in shares of American Water Works by 50.1% in the 1st quarter. Claro Advisors LLC now owns 5,712 shares of the utilities provider’s stock worth $698,000 after purchasing an additional 1,907 shares during the period. Institutional investors own 86.58% of the company’s stock.

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.