Advanced Drainage Systems (NYSE:WMS) issued its earnings results on Thursday. The construction company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.03), Briefing.com reports. Advanced Drainage Systems had a negative net margin of 11.62% and a positive return on equity of 14.65%. The company had revenue of $370.80 million during the quarter, compared to analyst estimates of $371.11 million. During the same quarter in the previous year, the company posted $0.01 EPS. The company’s quarterly revenue was up 36.2% on a year-over-year basis.
WMS stock opened at $42.01 on Friday. Advanced Drainage Systems has a one year low of $22.13 and a one year high of $51.60. The stock has a market capitalization of $3.62 billion, a PE ratio of 59.17, 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 company has a fifty day moving average of $36.22 and a 200-day moving average of $38.77.
The company 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 $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.86%. The ex-dividend date is Friday, May 29th. Advanced Drainage Systems’s dividend payout ratio (DPR) is presently -11.21%.
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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