American Water to Post FY2022 Earnings of $4.25 Per Share, Gabelli Forecasts (AWK)

American Water (NYSE:AWK) – Equities research analysts at Gabelli issued their FY2022 earnings per share (EPS) estimates for American Water in a research note issued to investors on Thursday, April 12th. Gabelli analyst T. Winter anticipates that the utilities provider will earn $4.25 per share for the year.

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American Water (NYSE:AWK) last posted its earnings results on Tuesday, February 20th. The utilities provider reported $0.69 EPS for the quarter, beating the consensus estimate of $0.66 by $0.03. The firm had revenue of $821.00 million for the quarter, compared to analyst estimates of $843.36 million. American Water had a return on equity of 10.03% and a net margin of 12.69%. American Water’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.57 earnings per share.

Several other equities analysts have also commented on the company. Janney Montgomery Scott raised American Water from a “neutral” rating to a “buy” rating and increased their target price for the company from $87.00 to $92.00 in a report on Monday. They noted that the move was a valuation call. ValuEngine raised American Water from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. UBS upped their price objective on shares of American Water from $89.00 to $91.00 and gave the company a “buy” rating in a research note on Friday, March 23rd. HSBC upgraded shares of American Water from a “hold” rating to a “buy” rating and upped their price objective for the company from $74.63 to $80.15 in a research note on Friday, March 23rd. Finally, Wells Fargo upgraded shares of American Water from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $80.63 to $88.00 in a research note on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $89.52.

NYSE:AWK opened at $82.62 on Monday. The firm has a market capitalization of $14,437.71, a P/E ratio of 27.27, a price-to-earnings-growth ratio of 3.32 and a beta of 0.16. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.29 and a current ratio of 0.31. American Water has a 12 month low of $74.63 and a 12 month high of $92.37.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. boosted its stake in American Water by 19.4% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 23,574 shares of the utilities provider’s stock valued at $2,157,000 after acquiring an additional 3,828 shares in the last quarter. Elkfork Partners LLC acquired a new stake in shares of American Water during the fourth quarter worth about $1,512,000. Xact Kapitalforvaltning AB boosted its stake in shares of American Water by 7.4% during the fourth quarter. Xact Kapitalforvaltning AB now owns 33,643 shares of the utilities provider’s stock worth $3,078,000 after buying an additional 2,315 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of American Water by 10.6% during the fourth quarter. Envestnet Asset Management Inc. now owns 12,200 shares of the utilities provider’s stock worth $1,116,000 after buying an additional 1,168 shares during the period. Finally, OLD Mutual Customised Solutions Proprietary Ltd. boosted its stake in shares of American Water by 40.3% during the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 11,481 shares of the utilities provider’s stock worth $1,050,000 after buying an additional 3,300 shares during the period. Institutional investors own 84.76% of the company’s stock.

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American Water 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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