Advanced Drainage Systems (NYSE:WMS) Posts Earnings Results, Misses Expectations By $0.03 EPS

Advanced Drainage Systems (NYSE:WMS) announced its quarterly earnings data on Thursday. The construction company reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.03), reports. Advanced Drainage Systems had a positive return on equity of 16.13% and a negative net margin of 12.43%. The firm had revenue of $370.80 million for the quarter, compared to the consensus estimate of $371.11 million. During the same quarter last year, the business earned $0.01 earnings per share. The business’s revenue for the quarter was up 36.2% compared to the same quarter last year.

Shares of WMS traded up $1.21 on Friday, reaching $43.22. 4,605 shares of the stock traded hands, compared to its average volume of 440,593. The firm has a market cap of $3.62 billion, a price-to-earnings ratio of -11.45, a P/E/G ratio of 2.31 and a beta of 1.41. The company has a debt-to-equity ratio of 2.00, a current ratio of 2.37 and a quick ratio of 1.19. Advanced Drainage Systems has a 12 month low of $22.13 and a 12 month high of $51.60. The stock’s 50-day moving average price is $35.97 and its 200-day moving average price is $38.74.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date is Friday, May 29th. Advanced Drainage Systems’s dividend payout ratio is presently 29.51%.

Several equities analysts have weighed in on the company. Barclays lifted their target price on Advanced Drainage Systems from $41.00 to $48.00 and gave the company an “overweight” rating in a research note on Friday. Morgan Stanley dropped their price target on Advanced Drainage Systems from $46.00 to $39.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 17th. TheStreet raised Advanced Drainage Systems from a “c+” rating to a “b” rating in a research report on Thursday, February 6th. ValuEngine raised Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, February 11th. Finally, Zacks Investment Research raised Advanced Drainage Systems from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a research report on Friday, April 10th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $43.40.

About Advanced Drainage Systems

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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Earnings History for Advanced Drainage Systems (NYSE:WMS)

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