Zacks: Analysts Anticipate Advanced Drainage Systems Inc (WMS) Will Announce Earnings of $0.22 Per Share

Brokerages expect Advanced Drainage Systems Inc (NYSE:WMS) to post earnings per share of $0.22 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Advanced Drainage Systems’ earnings, with the highest EPS estimate coming in at $0.23 and the lowest estimate coming in at $0.20. Advanced Drainage Systems posted earnings per share of $0.17 during the same quarter last year, which would suggest a positive year-over-year growth rate of 29.4%. The business is scheduled to report its next earnings results on Thursday, February 8th.

According to Zacks, analysts expect that Advanced Drainage Systems will report full-year earnings of $0.67 per share for the current financial year, with EPS estimates ranging from $0.65 to $0.69. For the next year, analysts anticipate that the company will report earnings of $0.91 per share, with EPS estimates ranging from $0.84 to $0.95. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that cover Advanced Drainage Systems.

Advanced Drainage Systems (NYSE:WMS) last issued its quarterly earnings results on Thursday, November 2nd. The construction company reported $0.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.08). The company had revenue of $401.00 million during the quarter, compared to analysts’ expectations of $376.45 million. Advanced Drainage Systems had a return on equity of 41.08% and a net margin of 1.97%. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.35 EPS.

A number of equities research analysts have commented on WMS shares. Barclays started coverage on Advanced Drainage Systems in a research report on Wednesday, December 20th. They set an “equal weight” rating and a $24.00 price objective for the company. Zacks Investment Research upgraded Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research report on Thursday, October 5th. ValuEngine upgraded Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Robert W. Baird restated a “buy” rating and set a $25.00 price objective on shares of Advanced Drainage Systems in a research report on Wednesday, October 4th. Finally, Citigroup started coverage on Advanced Drainage Systems in a research report on Wednesday, November 29th. They set a “neutral” rating and a $26.00 price objective for the company. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $24.60.

Shares of Advanced Drainage Systems (NYSE:WMS) traded up $0.45 during midday trading on Monday, reaching $24.20. The company’s stock had a trading volume of 152,329 shares, compared to its average volume of 169,380. Advanced Drainage Systems has a 12-month low of $17.90 and a 12-month high of $26.30. The firm has a market cap of $1,328.37, a price-to-earnings ratio of 65.41 and a beta of 1.04. 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were given a dividend of $0.07 per share. The ex-dividend date was Thursday, November 30th. This represents a $0.28 dividend on an annualized basis and a yield of 1.16%. Advanced Drainage Systems’s payout ratio is presently 75.68%.

In other news, COO Thomas M. Fussner sold 18,325 shares of Advanced Drainage Systems stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $23.67, for a total transaction of $433,752.75. Following the completion of the sale, the chief operating officer now directly owns 549,519 shares in the company, valued at approximately $13,007,114.73. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Ronald R. Vitarelli sold 5,000 shares of Advanced Drainage Systems stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $23.04, for a total value of $115,200.00. Following the sale, the chief operating officer now owns 54,698 shares of the company’s stock, valued at $1,260,241.92. The disclosure for this sale can be found here. Company insiders own 21.43% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Lord Abbett & CO. LLC lifted its holdings in shares of Advanced Drainage Systems by 13.9% during the 2nd quarter. Lord Abbett & CO. LLC now owns 1,152,458 shares of the construction company’s stock valued at $23,164,000 after buying an additional 140,252 shares during the last quarter. Berkshire Partners LLC acquired a new stake in shares of Advanced Drainage Systems during the 2nd quarter valued at about $41,534,000. Goldman Sachs Group Inc. acquired a new stake in shares of Advanced Drainage Systems during the 2nd quarter valued at about $1,339,000. First Financial Bank Trust Division acquired a new stake in shares of Advanced Drainage Systems during the 3rd quarter valued at about $527,000. Finally, First Trust Advisors LP lifted its holdings in shares of Advanced Drainage Systems by 2.0% during the 3rd quarter. First Trust Advisors LP now owns 270,944 shares of the construction company’s stock valued at $5,487,000 after buying an additional 5,265 shares during the last quarter. Institutional investors and hedge funds own 80.54% of the company’s stock.

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Advanced Drainage Systems Company Profile

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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