Advanced Drainage Systems, Inc. (NYSE:WMS) Expected to Post Earnings of $1.01 Per Share

Brokerages expect Advanced Drainage Systems, Inc. (NYSE:WMS) to report earnings of $1.01 per share for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for Advanced Drainage Systems’ earnings. Advanced Drainage Systems posted earnings of $0.62 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 62.9%. The firm is scheduled to report its next earnings results on Thursday, February 3rd.

According to Zacks, analysts expect that Advanced Drainage Systems will report full-year earnings of $3.77 per share for the current year. For the next fiscal year, analysts forecast that the company will post earnings of $5.41 per share. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that cover Advanced Drainage Systems.

Advanced Drainage Systems (NYSE:WMS) last issued its earnings results on Thursday, November 4th. The construction company reported $0.88 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.25). Advanced Drainage Systems had a net margin of 9.70% and a return on equity of 28.90%. The company had revenue of $706.47 million for the quarter, compared to analysts’ expectations of $718.89 million. During the same quarter in the prior year, the company earned $0.93 earnings per share. The company’s revenue was up 29.8% compared to the same quarter last year.

A number of analysts have recently weighed in on the stock. Loop Capital increased their target price on shares of Advanced Drainage Systems from $142.00 to $158.00 and gave the stock a “buy” rating in a report on Tuesday, December 14th. They noted that the move was a valuation call. Barclays lifted their price objective on Advanced Drainage Systems from $135.00 to $162.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 15th.

In related news, Director Ross M. Jones sold 750,000 shares of the business’s stock in a transaction dated Tuesday, December 14th. The shares were sold at an average price of $125.25, for a total transaction of $93,937,500.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Darin S. Harvey sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, November 12th. The shares were sold at an average price of $130.25, for a total transaction of $130,250.00. The disclosure for this sale can be found here. Insiders have sold a total of 1,491,948 shares of company stock worth $188,019,417 in the last quarter. Company insiders own 14.85% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in Advanced Drainage Systems by 1.9% in the second quarter. Vanguard Group Inc. now owns 4,713,244 shares of the construction company’s stock worth $549,422,000 after acquiring an additional 86,203 shares in the last quarter. Impax Asset Management Group plc boosted its stake in Advanced Drainage Systems by 10.1% in the 3rd quarter. Impax Asset Management Group plc now owns 2,976,737 shares of the construction company’s stock worth $321,036,000 after purchasing an additional 273,343 shares in the last quarter. Invesco Ltd. grew its position in Advanced Drainage Systems by 9.6% during the 3rd quarter. Invesco Ltd. now owns 2,917,520 shares of the construction company’s stock valued at $315,588,000 after purchasing an additional 254,604 shares during the last quarter. Artisan Partners Limited Partnership increased its stake in Advanced Drainage Systems by 7.9% during the 3rd quarter. Artisan Partners Limited Partnership now owns 2,015,309 shares of the construction company’s stock valued at $217,996,000 after purchasing an additional 147,372 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its holdings in Advanced Drainage Systems by 1.0% in the third quarter. Thrivent Financial for Lutherans now owns 1,157,997 shares of the construction company’s stock worth $125,260,000 after buying an additional 11,182 shares during the last quarter. 96.64% of the stock is owned by institutional investors.

Shares of Advanced Drainage Systems stock opened at $119.41 on Wednesday. The company’s fifty day simple moving average is $130.11 and its two-hundred day simple moving average is $119.74. Advanced Drainage Systems has a 12-month low of $80.47 and a 12-month high of $138.02. The firm has a market cap of $8.51 billion, a PE ratio of 45.93 and a beta of 1.27. The company has a quick ratio of 0.95, a current ratio of 1.98 and a debt-to-equity ratio of 1.33.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 15th. Shareholders of record on Wednesday, December 1st were issued a $0.11 dividend. The ex-dividend date was Tuesday, November 30th. This represents a $0.44 annualized dividend and a yield of 0.37%. Advanced Drainage Systems’s dividend payout ratio (DPR) is presently 16.92%.

About Advanced Drainage Systems

Advanced Drainage Systems, Inc engages in the manufacture of thermoplastic corrugated pipe, which provides suite of water management products and drainage solutions for use in the construction and infrastructure marketplace. It operates through the following segments: Pipe, Infiltrator, International, and Allied Products & Other.

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