American Water Beats Q3 Earnings Estimates (AWK)


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Water utility giant, American Water Works Co., Inc.( AWK ) reported better than expected earnings Thursday.

The Voorhees, NJ based company reported third quarter earnings of 87 cents per share, beating analysts estimate of 82 cents.

Revenue for the quarter came in at $831.8 million, exceeding expectations of $829.26 million.

American Water Works shares were mostly flat during premarket trading Thursday. Shares are up nearly 15% YTD.

The Bottom Line
Shares of American Water Works ( AWK ) have a 2.74% dividend yield, based on last night's closing stock price of $36.55. The stock has technical support in the $33-$34 price area. The stock is trading near the all-time high price levels of $38-$39 a share.

American Water Works Co., Inc.( AWK ) is not recommended at this time, holding a DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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