Advanced Drainage Systems (WMS) to Release Quarterly Earnings on Thursday

Advanced Drainage Systems (NYSE:WMS) will be announcing its earnings results before the market opens on Thursday, May 23rd. Analysts expect the company to announce earnings of ($0.02) per share for the quarter.

WMS opened at $27.89 on Friday. Advanced Drainage Systems has a fifty-two week low of $23.04 and a fifty-two week high of $33.50. The company has a debt-to-equity ratio of 1.26, a current ratio of 2.24 and a quick ratio of 0.95. The firm has a market capitalization of $1.58 billion, a price-to-earnings ratio of 34.43 and a beta of 1.01.

Separately, Zacks Investment Research raised shares of Advanced Drainage Systems from a “sell” rating to a “hold” rating in a report on Friday, February 22nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $30.50.

In other news, EVP Ronald R. Vitarelli sold 2,500 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $25.47, for a total transaction of $63,675.00. Following the completion of the sale, the executive vice president now owns 30,285 shares of the company’s stock, valued at $771,358.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 20.97% of the stock is owned by insiders.

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About Advanced Drainage Systems

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.

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Earnings History for Advanced Drainage Systems (NYSE:WMS)

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