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%.
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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