American Water Works (NYSE:AWK) issued its earnings results on Tuesday. The utilities provider reported $0.69 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.03, RTT News reports. The business had revenue of $821.00 million for the quarter, compared to the consensus estimate of $843.36 million. American Water Works had a net margin of 15.82% and a return on equity of 9.69%. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.57 earnings per share. American Water Works updated its FY18 guidance to $3.22-3.32 EPS.
American Water Works (NYSE:AWK) traded down $0.65 during trading hours on Tuesday, hitting $79.85. 1,022,795 shares of the company’s stock traded hands, compared to its average volume of 1,308,600. American Water Works has a 12-month low of $73.05 and a 12-month high of $92.37. The firm has a market capitalization of $14,359.22, a P/E ratio of 27.08, a P/E/G ratio of 3.30 and a beta of 0.14. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.47 and a current ratio of 0.49.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Wednesday, February 7th will be issued a $0.415 dividend. The ex-dividend date is Tuesday, February 6th. This represents a $1.66 annualized dividend and a dividend yield of 2.08%. American Water Works’s dividend payout ratio is currently 56.27%.
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About American Water Works
American Water Works Company, Inc is a holding company for regulated and market-based subsidiaries throughout the United States and Ontario, Canada. The Company’s Regulated Businesses segment provides water and wastewater services as public utilities in 16 states in the United States as of December 31, 2016.
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