Wall Street analysts forecast that Advanced Drainage Systems, Inc. (NYSE:WMS) will announce $0.22 earnings per share for the current quarter, Zacks reports. Two analysts have issued estimates for Advanced Drainage Systems’ earnings. The highest EPS estimate is $0.23 and the lowest is $0.20. Advanced Drainage Systems reported earnings of $0.17 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 29.4%. The firm is expected to announce its next quarterly earnings report on Thursday, February 8th.
On average, analysts expect that Advanced Drainage Systems will report full year earnings of $0.67 per share for the current fiscal year, with EPS estimates ranging from $0.65 to $0.69. For the next fiscal 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 Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Advanced Drainage Systems.
Advanced Drainage Systems (NYSE:WMS) last announced its 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). Advanced Drainage Systems had a net margin of 1.97% and a return on equity of 41.08%. The business had revenue of $401.00 million for the quarter, compared to the consensus estimate of $376.45 million. During the same period in the prior year, the business posted $0.35 EPS. Advanced Drainage Systems’s revenue for the quarter was up 11.1% on a year-over-year basis.
WMS has been the subject of several analyst reports. Robert W. Baird raised their price target on shares of Advanced Drainage Systems from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Friday, November 3rd. ValuEngine raised shares of Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Citigroup initiated coverage on shares of Advanced Drainage Systems in a research report on Wednesday, November 29th. They set a “neutral” rating and a $26.00 price target for the company. 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, TheStreet downgraded shares of Advanced Drainage Systems from a “b-” rating to a “c+” rating in a research report on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $24.60.
Shares of Advanced Drainage Systems (NYSE WMS) traded up $0.10 on Friday, hitting $23.65. 206,484 shares of the company traded hands, compared to its average volume of 303,988. The company has a market capitalization of $1,317.18, a P/E ratio of 63.92 and a beta of 1.04. The company has a quick ratio of 1.32, a current ratio of 2.26 and a debt-to-equity ratio of 4.47. Advanced Drainage Systems has a 12 month low of $17.90 and a 12 month high of $26.30.
The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.18%. The ex-dividend date was Thursday, November 30th. Advanced Drainage Systems’s dividend payout ratio (DPR) is currently 75.68%.
In related news, COO Ronald R. Vitarelli sold 5,000 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at $1,260,241.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Thomas M. Fussner sold 18,325 shares of the firm’s stock in a transaction that occurred on 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 owns 549,519 shares in the company, valued at approximately $13,007,114.73. The disclosure for this sale can be found here. 21.43% of the stock is owned by company insiders.
A number of hedge funds have recently modified their holdings of the stock. Manchester Capital Management LLC boosted its stake in shares of Advanced Drainage Systems by 1.0% during the 2nd quarter. Manchester Capital Management LLC now owns 9,770 shares of the construction company’s stock worth $196,000 after acquiring an additional 100 shares during the last quarter. Stifel Financial Corp boosted its stake in shares of Advanced Drainage Systems by 0.4% during the 2nd quarter. Stifel Financial Corp now owns 40,687 shares of the construction company’s stock worth $813,000 after acquiring an additional 164 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of Advanced Drainage Systems by 0.5% during the 2nd quarter. Rhumbline Advisers now owns 38,851 shares of the construction company’s stock worth $781,000 after acquiring an additional 178 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Advanced Drainage Systems by 1.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 28,011 shares of the construction company’s stock worth $563,000 after acquiring an additional 346 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its stake in shares of Advanced Drainage Systems by 0.9% during the 2nd quarter. Alliancebernstein L.P. now owns 67,718 shares of the construction company’s stock worth $1,361,000 after acquiring an additional 609 shares during the last quarter. Institutional investors own 80.58% 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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