Recently, American Water Works Company (AWK) has been performing stronger than its competitors, with a series of outperformances on strong trading days. The company is recognized as a great dividend stock and has seen significant shareholder gains with a total return of 204%. Despite this, some concerns remain over the company's debt and the belief that its shares may have risen too quickly. These concerns are further bolstered by AWK's recent earnings, which, while promising, were overshadowed by a Q4 miss on estimates. This led to a decrease in Q1 2024 EPS estimates by Analyst. However, the company has shown robust financial activity with multiple investments, asset acquisitions, and an increase in quarterly dividend. It has raised its 2024 EPS guidance after reporting solid earnings in 2023. The company's dedication to service quality has also been recognized, with its New Jersey Unit ranking #1 in J.D. Power's 2024 Water Utility Residential Customer Satisfaction Study. However, in the past three years, investors in AWK have seen losses, and the share price has seen several dips following earnings reports.
American Water Works Company AWK News Analytics from Mon, 14 Aug 2023 07:00:00 GMT to Thu, 09 May 2024 21:05:00 GMT -
Rating 7
- Innovation 6
- Information 8
- Rumor -3
