Press coverage about Advanced Drainage Systems (NYSE:WMS) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Advanced Drainage Systems earned a media sentiment score of 0.06 on Accern’s scale. Accern also gave media stories about the construction company an impact score of 46.0514174408219 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:
Advanced Drainage Systems stock traded down $0.85 during mid-day trading on Friday, reaching $25.15. The company’s stock had a trading volume of 288,745 shares, compared to its average volume of 238,635. The company has a market cap of $1,414.99, a P/E ratio of 50.30 and a beta of 0.88. Advanced Drainage Systems has a 12 month low of $17.90 and a 12 month high of $28.15. The company has a current ratio of 2.10, a quick ratio of 1.01 and a debt-to-equity ratio of 2.44.
Advanced Drainage Systems (NYSE:WMS) last released its earnings results on Thursday, February 8th. The construction company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.27. The business had revenue of $320.83 million during the quarter, compared to the consensus estimate of $320.41 million. Advanced Drainage Systems had a net margin of 3.67% and a return on equity of 45.42%. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.16 earnings per share. equities research analysts forecast that Advanced Drainage Systems will post 0.73 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Thursday, March 1st were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date was Wednesday, February 28th. Advanced Drainage Systems’s dividend payout ratio (DPR) is currently 56.00%.
Several equities research analysts have recently issued reports on WMS shares. Barclays started coverage on shares of 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. Robert W. Baird increased their price objective on shares of Advanced Drainage Systems from $28.00 to $29.00 and gave the stock an “outperform” rating in a research report on Friday, February 9th. Zacks Investment Research raised shares of Advanced Drainage Systems from a “sell” rating to a “hold” rating and set a $30.00 price objective for the company in a research report on Wednesday, February 14th. Finally, TheStreet raised shares of Advanced Drainage Systems from a “c+” rating to a “b-” rating in a research report on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. Advanced Drainage Systems presently has a consensus rating of “Hold” and a consensus target price of $27.00.
In other Advanced Drainage Systems news, SVP Ewout Leeuwenburg sold 35,000 shares of the stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $26.20, for a total value of $917,000.00. Following the completion of the sale, the senior vice president now owns 97,415 shares in the company, valued at $2,552,273. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Robert M. Klein sold 57,448 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $27.32, for a total transaction of $1,569,479.36. Following the completion of the sale, the executive vice president now owns 282,757 shares of the company’s stock, valued at approximately $7,724,921.24. The disclosure for this sale can be found here. In the last ninety days, insiders sold 133,048 shares of company stock valued at $3,560,679. 21.43% of the stock is owned by insiders.
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Advanced Drainage Systems Company Profile
Advanced Drainage Systems, Inc designs, manufactures, and markets thermoplastic corrugated pipes and related water management products for non-residential, residential, agriculture, and infrastructure applications in the United States and internationally. The company provides single, double, and triple wall corrugated polypropylene and polyethylene pipes; and allied products comprising storm retention/detention and septic chambers, polyvinyl chloride drainage structures, fittings, and water quality filters and separators.
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