Advanced Drainage Systems (NYSE:WMS) Releases Quarterly Earnings Results, Misses Estimates By $0.03 EPS

Advanced Drainage Systems (NYSE:WMS) issued its quarterly earnings results 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), Briefing.com 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 period last year, the firm earned $0.01 EPS. The company’s revenue for the quarter was up 36.2% on a year-over-year basis.

Shares of Advanced Drainage Systems stock traded up $1.11 during midday trading on Friday, reaching $43.12. 2,374 shares of the company’s stock traded hands, compared to its average volume of 440,593. The stock has a 50 day moving average of $35.97 and a 200-day moving average of $38.74. Advanced Drainage Systems has a 12 month low of $22.13 and a 12 month high of $51.60. The company has a market cap of $3.62 billion, a PE ratio of -11.45, a price-to-earnings-growth ratio of 2.31 and a beta of 1.41. The company has a debt-to-equity ratio of 2.00, a quick ratio of 1.19 and a current ratio of 2.37.

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

A number of equities research analysts have recently weighed in on the company. TheStreet raised Advanced Drainage Systems from a “c+” rating to a “b” rating in a research note on Thursday, February 6th. Barclays increased their price objective on Advanced Drainage Systems from $41.00 to $48.00 and gave the company an “overweight” rating in a research note on Friday. Zacks Investment Research upgraded shares of Advanced Drainage Systems from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a report on Friday, April 10th. Robert W. Baird upped their price target on shares of Advanced Drainage Systems from $40.00 to $51.00 and gave the company an “outperform” rating in a report on Friday. Finally, Morgan Stanley cut their price target on shares of Advanced Drainage Systems from $46.00 to $39.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 17th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average 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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