American Water Works Company, Inc. Price, Consensus and EPS Surprise
American Water Works Company, Inc. price-consensus-eps-surprise-chart | American Water Works Company, Inc. Quote
Highlights of the Release Total operating expenses in the quarter were $580 million, up 5.3% from the year-ago period. The increase was primarily driven by higher operation and maintenance expenses.
Operating income was $302 million, on par with the figure recorded in the year-ago quarter.
Interest expenses in the reported quarter totaled $94 million compared with $86 million in the prior-year quarter.
Segment Details Regulated businesses’ net income was $156 million compared with $152 million in the year-ago quarter. Year to date, this segment added 37,200 customers through acquisitions and organic growth. Notably, organic growth and additional authorized revenues to support infrastructure investments boosted income despite the negative impact of wet weather conditions.
The company expects to add additional 38,200 customer connections through pending acquisitions.
Market-Based businesses’ net income was $21 million compared with $13 million in the year-ago quarter. The uptick can be primarily attributed to the Pivotal acquisition by Homeowner Services Group and customer additions under new partnerships.
Financial HighlightsCash and cash equivalents amounted to $64 million as of Jun 30, 2019, down from $130 million on Dec 31, 2018.
Long-term debt was $8,648 million as of Jun 30, 2019, higher than $7,576 million as of December 2018 end.
GuidanceAmerican Water Works has affirmed its 2019 earnings guidance in the range of $3.54-$3.64 per share.
For capital expenditures and acquisitions, the company plans to invest $1.8-$1.9 billion in 2019.
Furthermore, long-term EPS compound annual growth rate is expected to be in upper end of 7-10% range, based on 2017 EPS.
Zacks RankAmerican Water Works currently carries a Zacks Rank #2 (Buy). You can see
the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Upcoming Water Utility ReleasesAmerican States Water Co. (NYSE:) is set to release second-quarter 2019 results on Aug 5. The Zacks Consensus Estimate for earnings in the quarter is pegged at 52 cents.
Aqua America Inc. (NYSE:) is slated to release second-quarter 2019 financial numbers on Aug 6. The Zacks Consensus Estimate for earnings in the quarter stands at 39 cents.
Consolidated Water Works Company (NASDAQ:) is set to release second-quarter 2019 results on Aug 12. The Zacks Consensus Estimate for earnings in the quarter is pinned at 17 cents.
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