Equities analysts expect that Advanced Drainage Systems, Inc. (NYSE:WMS) will announce earnings per share (EPS) of $0.22 for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Advanced Drainage Systems’ earnings, with estimates ranging from $0.20 to $0.23. Advanced Drainage Systems posted earnings of $0.17 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 29.4%. The firm is expected to report its next earnings report on Thursday, February 8th.

According to Zacks, analysts expect that Advanced Drainage Systems will report full year earnings of $0.67 per share for the current fiscal year, with EPS estimates ranging from $0.65 to $0.69. For the next year, analysts anticipate that the firm will post earnings of $0.93 per share, with EPS estimates ranging from $0.84 to $0.99. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Advanced Drainage Systems.

Advanced Drainage Systems (NYSE:WMS) last released its earnings results on Thursday, November 2nd. The construction company reported $0.28 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.08). Advanced Drainage Systems had a return on equity of 41.08% and a net margin of 1.97%. The company had revenue of $401.00 million for the quarter, compared to analyst estimates of $376.45 million. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.35 earnings per share.

WMS has been the subject of several analyst reports. Robert W. Baird upped their price objective on Advanced Drainage Systems from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Friday, November 3rd. ValuEngine raised Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Zacks Investment Research raised Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research report on Thursday, October 5th. BidaskClub cut Advanced Drainage Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, August 16th. Finally, TheStreet cut Advanced Drainage Systems from a “b-” rating to a “c+” rating in a research report on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. Advanced Drainage Systems presently has an average rating of “Hold” and an average target price of $24.75.

Advanced Drainage Systems (NYSE WMS) traded down $0.35 during trading hours on Tuesday, hitting $23.50. The stock had a trading volume of 184,359 shares, compared to its average volume of 362,963. The firm has a market cap of $1,314.39, a PE ratio of 67.14 and a beta of 1.04. Advanced Drainage Systems has a twelve month low of $17.90 and a twelve month high of $26.30. The company has a current ratio of 2.26, a quick ratio of 1.32 and a debt-to-equity ratio of 4.47.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a dividend of $0.07 per share. The ex-dividend date is Thursday, November 30th. This represents a $0.28 annualized dividend and a dividend yield of 1.19%. Advanced Drainage Systems’s dividend payout ratio is currently 75.68%.

In other news, EVP Robert M. Klein sold 20,000 shares of the company’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $20.77, for a total transaction of $415,400.00. Following the completion of the transaction, the executive vice president now directly owns 340,205 shares of the company’s stock, valued at approximately $7,066,057.85. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 21.43% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Manchester Capital Management LLC boosted its position in shares of Advanced Drainage Systems by 1.0% in the 2nd quarter. Manchester Capital Management LLC now owns 9,770 shares of the construction company’s stock valued at $196,000 after purchasing an additional 100 shares during the period. Stifel Financial Corp boosted its position in shares of Advanced Drainage Systems by 0.4% in the 2nd quarter. Stifel Financial Corp now owns 40,687 shares of the construction company’s stock valued at $813,000 after purchasing an additional 164 shares during the period. Rhumbline Advisers boosted its position in shares of Advanced Drainage Systems by 0.5% in the 2nd quarter. Rhumbline Advisers now owns 38,851 shares of the construction company’s stock valued at $781,000 after purchasing an additional 178 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Advanced Drainage Systems by 1.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 28,011 shares of the construction company’s stock valued at $563,000 after purchasing an additional 346 shares during the period. Finally, Alliancebernstein L.P. boosted its position in shares of Advanced Drainage Systems by 0.9% in the 2nd quarter. Alliancebernstein L.P. now owns 67,718 shares of the construction company’s stock valued at $1,361,000 after purchasing an additional 609 shares during the period. 80.58% of the stock is owned by hedge funds and other institutional investors.

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Advanced Drainage Systems Company Profile

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.

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