Analysts predict that Advanced Drainage Systems, Inc. (NYSE:WMS) will announce sales of $320.42 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Advanced Drainage Systems’ earnings. The lowest sales estimate is $313.69 million and the highest is $327.14 million. Advanced Drainage Systems posted sales of $294.72 million in the same quarter last year, which suggests a positive year over year growth rate of 8.7%. The company is scheduled to report its next earnings report on Thursday, February 8th.

On average, analysts expect that Advanced Drainage Systems will report full year sales of $320.42 million for the current financial year, with estimates ranging from $1.31 billion to $1.36 billion. For the next fiscal year, analysts forecast that the business will post sales of $1.37 billion per share, with estimates ranging from $1.36 billion to $1.38 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Advanced Drainage Systems.

Advanced Drainage Systems (NYSE:WMS) last released its quarterly earnings results on Thursday, November 2nd. The construction company reported $0.28 earnings per share (EPS) for the quarter, missing the Zacks’ 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 during the quarter, compared to the consensus estimate of $376.45 million. During the same period in the previous year, the company earned $0.35 earnings per share. Advanced Drainage Systems’s quarterly revenue was up 11.1% on a year-over-year basis.

A number of equities research analysts have weighed in on WMS shares. Robert W. Baird restated a “buy” rating and issued a $25.00 price objective on shares of Advanced Drainage Systems in a report on Wednesday, October 4th. TheStreet cut shares of Advanced Drainage Systems from a “b-” rating to a “c+” rating in a report on Wednesday, October 25th. ValuEngine upgraded shares of Advanced Drainage Systems from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. BidaskClub upgraded shares of Advanced Drainage Systems from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. Finally, Zacks Investment Research upgraded shares of Advanced Drainage Systems from a “sell” rating to a “hold” rating in a report on Thursday, October 5th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. Advanced Drainage Systems currently has an average rating of “Hold” and an average target price of $24.75.

Shares of Advanced Drainage Systems (NYSE WMS) opened at $23.15 on Thursday. The firm has a market cap of $1,333.96, a PE ratio of 68.14 and a beta of 1.04. The company has a quick ratio of 1.32, a current ratio of 2.26 and a debt-to-equity ratio of 4.47. Advanced Drainage Systems has a fifty-two week low of $17.90 and a fifty-two week high of $26.30.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend is Thursday, November 30th. Advanced Drainage Systems’s dividend payout ratio is currently 75.68%.

In related news, EVP Robert M. Klein sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $20.77, for a total value of $415,400.00. Following the sale, the executive vice president now owns 340,205 shares in the company, valued at $7,066,057.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 21.43% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Lord Abbett & CO. LLC raised its position in shares of Advanced Drainage Systems by 13.9% during the 2nd quarter. Lord Abbett & CO. LLC now owns 1,152,458 shares of the construction company’s stock valued at $23,164,000 after purchasing an additional 140,252 shares during the period. Berkshire Partners LLC bought a new stake in shares of Advanced Drainage Systems during the 2nd quarter valued at $41,534,000. First Trust Advisors LP raised its position in shares of Advanced Drainage Systems by 28.4% during the 2nd quarter. First Trust Advisors LP now owns 265,679 shares of the construction company’s stock valued at $5,340,000 after purchasing an additional 58,820 shares during the period. Goldman Sachs Group Inc. bought a new stake in shares of Advanced Drainage Systems during the 2nd quarter valued at $1,339,000. Finally, First Financial Bank Trust Division bought a new stake in shares of Advanced Drainage Systems during the 3rd quarter valued at $527,000. Institutional investors and hedge funds own 80.58% of the company’s stock.

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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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