Advanced Drainage Systems, Inc. (NYSE:WMS) announced its quarterly earnings data on Thursday, November 2nd. The construction company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.08), Bloomberg Earnings reports. The firm had revenue of $401.00 million for the quarter, compared to analyst estimates of $376.45 million. Advanced Drainage Systems had a net margin of 1.97% and a return on equity of 41.08%. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.35 earnings per share.
Shares of Advanced Drainage Systems (NYSE WMS) opened at $22.25 on Monday. Advanced Drainage Systems has a twelve month low of $17.90 and a twelve month high of $26.30. The company has a debt-to-equity ratio of 4.47, a current ratio of 2.26 and a quick ratio of 1.32. The stock has a market cap of $1,244.47, a price-to-earnings ratio of 63.57 and a beta of 0.92.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date is Thursday, November 30th. Advanced Drainage Systems’s dividend payout ratio (DPR) is presently 75.68%.
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In related news, EVP Robert M. Klein sold 20,000 shares of the business’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $20.77, for a total transaction of $415,400.00. Following the sale, the executive vice president now owns 340,205 shares of the company’s stock, valued at $7,066,057.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 21.43% of the company’s stock.
Several equities analysts have recently weighed in on the stock. ValuEngine upgraded shares of Advanced Drainage Systems from a “sell” rating to a “hold” rating in a report on Friday. Robert W. Baird increased their price objective on shares of Advanced Drainage Systems from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Friday, November 3rd. TheStreet lowered shares of Advanced Drainage Systems from a “b-” rating to a “c+” rating in a research note on Wednesday, October 25th. Zacks Investment Research raised shares of Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research report on Thursday, October 5th. Finally, BidaskClub downgraded shares of Advanced Drainage Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, August 16th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $24.33.
About Advanced Drainage Systems
Advanced Drainage Systems, Inc is engaged in designing, manufacturing and marketing of thermoplastic corrugated pipe and related water management products, primarily in North and South America, and Europe. The Company operates through two segments: Domestic and International. The Domestic segment manufactures and markets products throughout the United States.
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