Equities analysts expect Advanced Drainage Systems Inc (NYSE:WMS) to post $320.42 million in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Advanced Drainage Systems’ earnings, with the highest sales estimate coming in at $327.14 million and the lowest estimate coming in at $313.69 million. Advanced Drainage Systems reported sales of $294.72 million during the same quarter last year, which indicates a positive year-over-year growth rate of 8.7%. The firm is scheduled to announce its next earnings report on Thursday, February 8th.

According to Zacks, analysts expect that Advanced Drainage Systems will report full year sales of $320.42 million for the current year, with estimates ranging from $1.31 billion to $1.36 billion. For the next financial year, analysts expect that the firm 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 sell-side research analysts that cover Advanced Drainage Systems.

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

Several research analysts recently commented on WMS shares. Barclays started coverage on Advanced Drainage Systems in a research report on Wednesday, December 20th. They set an “equal weight” rating and a $24.00 price target for the company. 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. Citigroup started coverage on Advanced Drainage Systems in a research report on Wednesday, November 29th. They set a “neutral” rating and a $26.00 price target for the company. Finally, TheStreet cut Advanced Drainage Systems from a “b-” rating to a “c+” rating in a research report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $24.60.

In other news, COO Ronald R. Vitarelli sold 5,000 shares of the stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $23.04, for a total transaction of $115,200.00. Following the transaction, the chief operating officer now owns 54,698 shares in the company, valued at $1,260,241.92. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Thomas M. Fussner sold 18,325 shares of the stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $23.67, for a total value of $433,752.75. Following the transaction, the chief operating officer now owns 549,519 shares in the company, valued at approximately $13,007,114.73. The disclosure for this sale can be found here. 21.43% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Berkshire Partners LLC increased its stake in Advanced Drainage Systems by 154.4% during the 3rd quarter. Berkshire Partners LLC now owns 5,257,355 shares of the construction company’s stock worth $106,461,000 after acquiring an additional 3,191,003 shares during the period. Deprince Race & Zollo Inc. bought a new position in Advanced Drainage Systems during the 3rd quarter worth $26,964,000. Russell Investments Group Ltd. bought a new position in Advanced Drainage Systems during the 3rd quarter worth $9,196,000. Stockbridge Partners LLC increased its stake in Advanced Drainage Systems by 12.8% during the 3rd quarter. Stockbridge Partners LLC now owns 3,756,420 shares of the construction company’s stock worth $76,068,000 after acquiring an additional 425,251 shares during the period. Finally, Impax Asset Management LTD increased its stake in shares of Advanced Drainage Systems by 4.8% in the 3rd quarter. Impax Asset Management LTD now owns 4,483,199 shares of the construction company’s stock valued at $90,785,000 after purchasing an additional 203,697 shares during the last quarter. Institutional investors own 80.54% of the company’s stock.

Advanced Drainage Systems (WMS) opened at $24.85 on Wednesday. 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 has a market capitalization of $1,328.37, a PE ratio of 67.16 and a beta of 1.04. Advanced Drainage Systems has a 52-week low of $17.90 and a 52-week high of $26.30.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were given a $0.07 dividend. The ex-dividend date was Thursday, November 30th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.13%. Advanced Drainage Systems’s payout ratio is 75.68%.

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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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