Advanced Drainage Systems (WMS) Releases Quarterly Earnings Results, Beats Expectations By $0.27 EPS

Advanced Drainage Systems (NYSE:WMS) released its quarterly earnings data on Thursday. The construction company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.27, Bloomberg Earnings reports. The firm had revenue of $320.83 million for the quarter, compared to analysts’ expectations of $320.41 million. Advanced Drainage Systems had a net margin of 1.97% and a return on equity of 41.08%. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.16 earnings per share.

Shares of Advanced Drainage Systems (WMS) traded up $1.60 on Thursday, reaching $23.95. 152,324 shares of the company traded hands, compared to its average volume of 195,777. Advanced Drainage Systems has a 12 month low of $17.90 and a 12 month high of $25.20. The company has a market capitalization of $1,255.66, a PE ratio of 60.41 and a beta of 1.00. The company has a debt-to-equity ratio of 4.47, a current ratio of 2.26 and a quick ratio of 1.32.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.17%. Advanced Drainage Systems’s dividend payout ratio is presently 75.68%.

WMS has been the topic of several recent analyst reports. Robert W. Baird lifted their price objective on shares of Advanced Drainage Systems from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Friday, November 3rd. TheStreet cut shares of Advanced Drainage Systems from a “b-” rating to a “c+” rating in a research report on Wednesday, October 25th. Citigroup initiated coverage on shares of Advanced Drainage Systems in a research report on Wednesday, November 29th. They issued a “neutral” rating and a $26.00 price target on the stock. ValuEngine upgraded shares of Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research report on Friday, November 17th. Finally, Barclays initiated coverage on shares of Advanced Drainage Systems in a research report on Wednesday, December 20th. They issued an “equal weight” rating and a $24.00 price target on the stock. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $24.60.

In other Advanced Drainage Systems news, COO Thomas M. Fussner sold 18,325 shares of the business’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $23.67, for a total transaction of $433,752.75. Following the transaction, the chief operating officer now owns 549,519 shares in the company, valued at $13,007,114.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Ronald R. Vitarelli sold 5,000 shares of the business’s stock in a transaction on Wednesday, December 13th. The shares were 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 approximately $1,260,241.92. The disclosure for this sale can be found here. Insiders own 21.43% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. Berkshire Partners LLC increased its position in Advanced Drainage Systems by 154.4% during the third quarter. Berkshire Partners LLC now owns 5,257,355 shares of the construction company’s stock valued at $106,461,000 after acquiring an additional 3,191,003 shares during the last quarter. Impax Asset Management LTD increased its position in Advanced Drainage Systems by 4.8% during the third quarter. Impax Asset Management LTD now owns 4,483,199 shares of the construction company’s stock valued at $90,785,000 after acquiring an additional 203,697 shares during the last quarter. Stockbridge Partners LLC increased its position in Advanced Drainage Systems by 12.8% during the third quarter. Stockbridge Partners LLC now owns 3,756,420 shares of the construction company’s stock valued at $76,068,000 after acquiring an additional 425,251 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Advanced Drainage Systems by 3.2% during the second quarter. Vanguard Group Inc. now owns 3,046,676 shares of the construction company’s stock valued at $61,238,000 after purchasing an additional 95,375 shares during the period. Finally, Deprince Race & Zollo Inc. boosted its stake in shares of Advanced Drainage Systems by 33.9% during the fourth quarter. Deprince Race & Zollo Inc. now owns 1,782,787 shares of the construction company’s stock valued at $42,519,000 after purchasing an additional 451,215 shares during the period. Institutional investors and hedge funds own 81.45% 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.

Earnings History for Advanced Drainage Systems (NYSE:WMS)

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