Advanced Drainage Systems, Inc. (NYSE:WMS) declared a quarterly dividend on Thursday, November 2nd, RTT News reports. Stockholders of record on Friday, December 1st will be given a dividend of 0.07 per share by the construction company on Friday, December 15th. This represents a $0.28 annualized dividend and a dividend yield of 1.43%.

Advanced Drainage Systems has a payout ratio of 47.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Advanced Drainage Systems to earn $0.86 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 32.6%.

Advanced Drainage Systems (NYSE:WMS) last posted its quarterly earnings data on Wednesday, January 10th. The construction company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.08). The company had revenue of $401.00 million during the quarter, compared to analyst estimates of $376.45 million. Advanced Drainage Systems had a net margin of 2.50% and a return on equity of 62.10%. The company’s revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.35 EPS.

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In other Advanced Drainage Systems news, major shareholder Berkshire Partners Holdings Ll purchased 3,446,293 shares of the stock in a transaction dated Monday, August 7th. The stock was bought at an average price of $20.32 per share, for a total transaction of $70,028,673.76. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Robert M. Klein sold 20,000 shares of Advanced Drainage Systems stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $20.77, for a total transaction of $415,400.00. Following the sale, the executive vice president now owns 340,205 shares of the company’s stock, valued at approximately $7,066,057.85. The disclosure for this sale can be found here. 21.43% of the stock is owned by insiders.

Several research firms have weighed in on WMS. Zacks Investment Research cut shares of Advanced Drainage Systems from a “buy” rating to a “sell” rating in a research report on Thursday, August 10th. TheStreet cut shares of Advanced Drainage Systems from a “b-” rating to a “c+” rating in a research report on Wednesday, October 25th. ValuEngine cut shares of Advanced Drainage Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. BidaskClub upgraded shares of Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Finally, Robert W. Baird reiterated a “buy” rating and set a $25.00 price target on shares of Advanced Drainage Systems in a research report on Wednesday, October 4th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $24.00.

About Advanced Drainage Systems

Advanced Drainage Systems, Inc is engaged in designing, manufacturing and marketing of thermoplastic corrugated pipe and related water management products, primarily in North and South America, and Europe. The Company operates through two segments: Domestic and International. The Domestic segment manufactures and markets products throughout the United States.

Dividend History for Advanced Drainage Systems (NYSE:WMS)

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