Advanced Drainage Systems Inc (NYSE:WMS) announced a quarterly dividend on Thursday, February 8th, RTT News reports. Investors of record on Thursday, March 1st will be paid a dividend of 0.07 per share by the construction company on Thursday, March 15th. This represents a $0.28 annualized dividend and a yield of 1.04%. The ex-dividend date is Wednesday, February 28th.
Advanced Drainage Systems has increased its dividend by an average of 89.0% annually over the last three years and has raised its dividend every year for the last 2 years. Advanced Drainage Systems has a payout ratio of 52.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Advanced Drainage Systems to earn $1.09 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 25.7%.
Shares of Advanced Drainage Systems (NYSE WMS) opened at $26.90 on Friday. The stock has a market capitalization of $1,502.19, a P/E ratio of 50.38 and a beta of 1.00. Advanced Drainage Systems has a 12 month low of $17.90 and a 12 month high of $28.15. The company has a debt-to-equity ratio of 2.44, a quick ratio of 1.01 and a current ratio of 2.10.
Advanced Drainage Systems (NYSE:WMS) last issued its earnings results on Thursday, February 8th. The construction company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.27. The company had revenue of $320.83 million for the quarter, compared to the consensus estimate of $320.41 million. Advanced Drainage Systems had a return on equity of 45.42% and a net margin of 3.67%. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the company earned $0.16 EPS. equities analysts forecast that Advanced Drainage Systems will post 0.6 earnings per share for the current fiscal year.
In other Advanced Drainage Systems news, COO Thomas M. Fussner sold 20,000 shares of Advanced Drainage Systems stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $26.63, for a total value of $532,600.00. Following the sale, the chief operating officer now owns 560,640 shares of the company’s stock, valued at approximately $14,929,843.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Robert M. Klein sold 57,448 shares of Advanced Drainage Systems stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $27.32, for a total value of $1,569,479.36. Following the completion of the sale, the executive vice president now directly owns 282,757 shares in the company, valued at approximately $7,724,921.24. The disclosure for this sale can be found here. In the last ninety days, insiders sold 100,773 shares of company stock worth $2,651,032. Corporate insiders own 21.43% of the company’s stock.
Several analysts recently issued reports on WMS shares. Robert W. Baird lifted their target price on 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 raised Advanced Drainage Systems from a “c+” rating to a “b-” rating in a research note on Tuesday, February 13th. Barclays set a $25.00 price objective on Advanced Drainage Systems and gave the stock a “hold” rating in a research note on Monday, February 12th. Citigroup assumed coverage on Advanced Drainage Systems in a research note on Wednesday, November 29th. They issued a “neutral” rating and a $26.00 price objective on the stock. Finally, ValuEngine raised Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research note on Friday, November 17th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. Advanced Drainage Systems has a consensus rating of “Hold” and an average price target of $27.00.
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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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