American Water Works (NYSE:AWK) is reporting third quarter financial results on Wednesday 4th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, AWK is expected to report 3Q20 income of $ 1.38 per share from revenue of $ 1110.37 million.
For the full year, analysts anticipate top line of $ 3794.61 million, while looking forward to income of $ 3.84 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 3.79 ~ $ 3.89 per share
Click Here For More Historical Outlooks Of American Water Works
Previous Quarter Performance
American Water Works communicated income for the second quarter of $ 0.97 per share, from the revenue of $ 931.00 million. Wall street analysts are predicting, AWK to report 2Q20 income of $ 0.96 per share from revenue of $ 940.54 million. The bottom line results beat street analysts by $ 0.01 or 1.04 percent, at the same time, top line results fell short of analysts by $ 9.54 million or 1.01 percent.
Stock Performance
Shares of American Water Works traded up $ 2.80 or 1.81 percent on Tuesday, reaching $ 157.10 with volume of 717.40 thousand shares. American Water Works has traded high as $ 159.41 and has cracked $ 155.49 on the downward trend
According to the previous trading day, closing price of $ 157.10, representing a 67.72 % increase from the 52 week low of $ 92.00 and a 3.56 % decrease over the 52 week high of $ 160.00.
The company has a market capital of $ 28.47 billion and is part of the Utilities sector and Utilities – Regulated Water industry.
Recent Analyst recommendations
- On 13th October 2020, downgraded by Janney Capital to Neutral from Buy rating.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.55 per share on July 29, 2020. The dividend were payable on September 1, 2020 to holders of record as of the close of business on August 12, 2020 and ex-dividend date on August 11, 2020.
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 serving approximately 3.4 million active customers. The company serves residential customers; commercial customers, such as 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; and other utilities and community water and wastewater systems.
