Advanced Drainage Systems Inc (NYSE:WMS) Given Consensus Rating of “Hold” by Analysts

Advanced Drainage Systems Inc (NYSE:WMS) has been given an average rating of “Hold” by the seven analysts that are currently covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $32.00.

Several equities analysts have recently commented on the stock. TheStreet downgraded shares of Advanced Drainage Systems from a “b” rating to a “c” rating in a research note on Friday, August 2nd. Barclays upped their price objective on shares of Advanced Drainage Systems from $29.00 to $35.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 6th. Zacks Investment Research downgraded shares of Advanced Drainage Systems from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 8th. Finally, ValuEngine downgraded shares of Advanced Drainage Systems from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st.

Shares of NYSE:WMS opened at $31.22 on Tuesday. The company has a market cap of $1.88 billion, a price-to-earnings ratio of 25.59 and a beta of 0.95. The company has a 50-day moving average price of $32.87 and a 200-day moving average price of $29.01. The company has a current ratio of 1.97, a quick ratio of 1.03 and a debt-to-equity ratio of 1.59. Advanced Drainage Systems has a 12 month low of $23.04 and a 12 month high of $35.29.

Advanced Drainage Systems (NYSE:WMS) last issued its quarterly earnings data on Thursday, August 1st. The construction company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.29). The firm had revenue of $413.70 million for the quarter, compared to the consensus estimate of $413.64 million. Advanced Drainage Systems had a negative net margin of 12.86% and a positive return on equity of 34.94%. The business’s revenue was up 6.7% on a year-over-year basis. During the same period last year, the company posted $0.51 earnings per share. As a group, research analysts forecast that Advanced Drainage Systems will post -3.12 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend is Thursday, August 29th. This is a boost from Advanced Drainage Systems’s previous quarterly dividend of $0.08. Advanced Drainage Systems’s dividend payout ratio is 29.51%.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Investors Research Corp purchased a new stake in shares of Advanced Drainage Systems during the first quarter valued at approximately $34,000. Point72 Asset Management L.P. purchased a new stake in shares of Advanced Drainage Systems during the second quarter valued at approximately $85,000. Quantamental Technologies LLC grew its holdings in shares of Advanced Drainage Systems by 27.7% during the second quarter. Quantamental Technologies LLC now owns 2,682 shares of the construction company’s stock valued at $88,000 after buying an additional 582 shares during the last quarter. Bank of Montreal Can purchased a new stake in shares of Advanced Drainage Systems during the second quarter valued at approximately $101,000. Finally, Acadian Asset Management LLC bought a new position in Advanced Drainage Systems during the second quarter valued at approximately $135,000. Institutional investors and hedge funds own 78.64% of the company’s stock.

Advanced Drainage Systems Company Profile

Advanced Drainage Systems, Inc designs, manufactures, and markets thermoplastic corrugated pipes and related water management products in the United States and internationally. The company offers single, double, and triple wall corrugated polypropylene and polyethylene pipes; and allied products, including storm retention/detention and septic chambers, polyvinyl chloride drainage structures, fittings, and water quality filters and separators.

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