Advanced Drainage Systems Inc (NYSE:WMS) has received a consensus recommendation of “Hold” from the six research firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $29.33.
Separately, Zacks Investment Research cut Advanced Drainage Systems from a “hold” rating to a “sell” rating in a research report on Saturday, January 12th.
Shares of NYSE WMS opened at $27.82 on Friday. The company has a current ratio of 2.24, a quick ratio of 0.95 and a debt-to-equity ratio of 1.26. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of 34.35 and a beta of 1.01. Advanced Drainage Systems has a 12 month low of $23.04 and a 12 month high of $33.50.
Advanced Drainage Systems (NYSE:WMS) last released its quarterly earnings data on Thursday, February 7th. The construction company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.06). The firm had revenue of $318.11 million for the quarter, compared to the consensus estimate of $339.61 million. Advanced Drainage Systems had a net margin of 4.98% and a return on equity of 37.87%. The business’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.28 earnings per share. On average, research analysts forecast that Advanced Drainage Systems will post 1.17 earnings per share for the current fiscal year.
In other news, EVP Ronald R. Vitarelli sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $25.47, for a total transaction of $63,675.00. Following the sale, the executive vice president now directly owns 30,285 shares in the company, valued at $771,358.95. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 20.97% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Legal & General Group Plc increased its position in shares of Advanced Drainage Systems by 5.0% during the fourth quarter. Legal & General Group Plc now owns 16,431 shares of the construction company’s stock valued at $398,000 after purchasing an additional 779 shares during the period. Pearl River Capital LLC acquired a new stake in Advanced Drainage Systems in the 4th quarter valued at $26,000. New York State Common Retirement Fund boosted its stake in Advanced Drainage Systems by 2.4% in the 4th quarter. New York State Common Retirement Fund now owns 50,589 shares of the construction company’s stock valued at $1,227,000 after buying an additional 1,189 shares in the last quarter. Investors Research Corp acquired a new stake in Advanced Drainage Systems in the 1st quarter valued at $34,000. Finally, NumerixS Investment Technologies Inc boosted its stake in Advanced Drainage Systems by 250.0% in the 4th quarter. NumerixS Investment Technologies Inc now owns 2,100 shares of the construction company’s stock valued at $51,000 after buying an additional 1,500 shares in the last quarter. Institutional investors and hedge funds own 81.06% of the company’s stock.
Advanced Drainage Systems Company Profile
Advanced Drainage Systems, Inc designs, manufactures, and markets thermoplastic corrugated pipes and related water management products in the United States and internationally. The company offers single, double, and triple wall corrugated polypropylene and polyethylene pipes; and allied products, including storm retention/detention and septic chambers, polyvinyl chloride drainage structures, fittings, and water quality filters and separators.
See Also: Earnings Per Share (EPS)
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