American Water Works Affirms 2013 Outlook, Guides 2014 In Line - Quick Facts

(RTTNews) - U.S. water and wastewater utility American Water Works Co., Inc. (AWK) reaffirmed its earnings guidance for the full-year 2013, and provided initial earnings forecast for the full-year 2014, in line with Street view.

The company reaffirmed its adjusted earnings guidance in a range of $2.17 to $2.22 per share, based on the company's performance year-to-date.

The guidance excludes about $0.14 per share of one-time charge related to the completed tender offer by American Water's finance subsidiary, American Water Capital Corp.

On average, 13 analysts polled by Thomson Reuters expect the company to report earnings of $2.19 per share for fiscal 2013. Analysts' estimates typically exclude special items.

Looking ahead to fiscal 2014, the company said its expects ongoing earnings in the range of $2.35 to $2.45 per share. Analysts currently expect full-year 2014 earnings of $2.39 per share.