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

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), 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%.

Several brokerages have recently issued reports on WMS. ValuEngine upgraded shares of Advanced Drainage Systems from a “sell” rating to a “hold” rating in a report on Tuesday, February 11th. Morgan Stanley lowered their target price on shares of Advanced Drainage Systems from $46.00 to $39.00 and set an “equal weight” rating for the company in a report on Tuesday, March 17th. TheStreet upgraded shares of Advanced Drainage Systems from a “c+” rating to a “b” rating in a research note on Thursday, February 6th. Zacks Investment Research upgraded shares of Advanced Drainage Systems from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a research note on Friday, April 10th. Finally, Robert W. Baird increased their price target on shares of Advanced Drainage Systems from $40.00 to $51.00 and gave the stock an “outperform” rating in a research note on Friday. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target 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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