-$0.11 Earnings Per Share Expected for Advanced Drainage Systems Inc (WMS) This Quarter

Wall Street analysts expect that Advanced Drainage Systems Inc (NYSE:WMS) will post ($0.11) earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Advanced Drainage Systems’ earnings, with the highest EPS estimate coming in at ($0.10) and the lowest estimate coming in at ($0.12). Advanced Drainage Systems posted earnings per share of ($0.22) during the same quarter last year, which indicates a positive year-over-year growth rate of 50%. The company is expected to issue its next earnings results on Thursday, May 24th.

On average, analysts expect that Advanced Drainage Systems will report full-year earnings of $0.67 per share for the current year, with EPS estimates ranging from $0.65 to $0.69. For the next fiscal year, analysts expect that the firm will post earnings of $0.96 per share, with EPS estimates ranging from $0.94 to $0.99. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Advanced Drainage Systems.

Advanced Drainage Systems (NYSE:WMS) last released its quarterly earnings data on Thursday, February 8th. The construction company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.27. Advanced Drainage Systems had a net margin of 3.67% and a return on equity of 56.36%. The firm had revenue of $320.83 million for the quarter, compared to analyst estimates of $320.41 million. During the same quarter in the prior year, the business earned $0.16 earnings per share. Advanced Drainage Systems’s quarterly revenue was up 8.9% on a year-over-year basis.

WMS has been the subject of several recent analyst reports. 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. Robert W. Baird increased their price objective on shares of Advanced Drainage Systems from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Friday, November 3rd. Citigroup initiated coverage on shares of Advanced Drainage Systems in a report on Wednesday, November 29th. They issued a “neutral” rating and a $26.00 price objective for the company. Finally, Barclays initiated coverage on shares of Advanced Drainage Systems in a report on Wednesday, December 20th. They issued an “equal weight” rating and a $24.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $25.20.

Advanced Drainage Systems (NYSE WMS) opened at $25.00 on Monday. The company has a quick ratio of 1.32, a current ratio of 2.26 and a debt-to-equity ratio of 4.47. The stock has a market cap of $1,400.00, a P/E ratio of 32.05 and a beta of 1.00. Advanced Drainage Systems has a 1-year low of $17.90 and a 1-year high of $25.70.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date is Wednesday, February 28th. Advanced Drainage Systems’s payout ratio is 35.90%.

In related news, COO Thomas M. Fussner sold 18,325 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief operating officer now directly owns 549,519 shares in the company, valued at $13,007,114.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO Ronald R. Vitarelli sold 5,000 shares of the firm’s 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 sale, the chief operating officer now owns 54,698 shares of the company’s stock, valued at $1,260,241.92. The disclosure for this sale can be found here. Company insiders own 21.43% of the company’s stock.

Large investors have recently modified their holdings of the stock. UBS Asset Management Americas Inc. bought a new stake in Advanced Drainage Systems during the fourth quarter worth approximately $221,000. FMR LLC bought a new stake in Advanced Drainage Systems during the second quarter worth approximately $245,000. Valeo Financial Advisors LLC bought a new stake in Advanced Drainage Systems during the fourth quarter worth approximately $298,000. Jane Street Group LLC bought a new stake in Advanced Drainage Systems during the third quarter worth approximately $264,000. Finally, Teacher Retirement System of Texas bought a new stake in Advanced Drainage Systems during the fourth quarter worth approximately $318,000. Hedge funds and other institutional investors own 81.45% of the company’s stock.

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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.

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