American Water Works Company Inc (AWK) Releases Earnings Results, Beats Expectations By $0.04 EPS

American Water Works Company Inc (AWK) reported quarterly earnings results on Wednesday, Aug-3-2016. The company said it had a profit of $0.77 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.73. The company posted revenue of $827.00 million in the period, compared to analysts expectations of $840.06 million. The company’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.68 EPS.

Many Wall Street Analysts have commented on American Water Works Company Inc. American Water Works Company Inc was Downgraded by BofA/Merrill to ” Neutral” on Jul 6, 2016. Company shares were Reiterated by Barclays on May 6, 2016 to “Overweight”, Firm has raised the Price Target to $ 79 from a previous price target of $75 .

American Water Works Company Inc closed down -0.77 points or -0.93% at $82.07 with 9,13,045 shares getting traded on Tusday. Post opening the session at $82.59, the shares hit an intraday low of $81.855 and an intraday high of $82.75 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on May 18, 2016, Deborah A Degillio (VP and Treasurer) sold 1,866 shares at $74.30 per share price. According to the SEC, on May 18, 2016, Walter Lynch (EVP and COO) sold 10,000 shares at $75.20 per share price. On May 12, 2016, Loyd A Warnock (SVP, External Affairs, Comm.) sold 483 shares at $74.49 per share price, according to the Form-4 filing with the securities and exchange commission.

American Water Works Company Inc. is a water and wastewater utility holding company. Through its subsidiaries the Company provides drinking water wastewater and other water related services to approximately 15 million people in approximately 47 states of the United States and one Canadian province. The Company has two operating segments: the Regulated Businesses and the Market-Based Operations. The Regulated Businesses segment owns subsidiaries that provide water and wastewater utility services to residential commercial industrial and other customers. The Market-Based Operations segment provides water and wastewater services to military bases municipalities industrial commercial and residential customers that are not subject to economic regulation by state Public Utility Commissions (PUC). The Company’s subsidiaries include Illinois-American Water Company (ILAWC) American Lake Water Company and West Virginia-American Water Company (WVAWC).

American Water Works Company Inc

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