Advanced Drainage Systems (WMS) Set to Announce Earnings on Thursday

Advanced Drainage Systems (NYSE:WMS) is scheduled to be releasing its earnings data before the market opens on Thursday, May 16th. Analysts expect Advanced Drainage Systems to post earnings of $0.93 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Advanced Drainage Systems (NYSE:WMS) last announced its quarterly earnings results on Thursday, February 8th. The construction company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.44. Advanced Drainage Systems had a net margin of 17.65% and a return on equity of 49.79%. The business had revenue of $662.37 million during the quarter, compared to analysts’ expectations of $632.69 million. During the same quarter in the prior year, the company posted $0.99 EPS. The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year. On average, analysts expect Advanced Drainage Systems to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Advanced Drainage Systems Price Performance

WMS stock opened at $168.19 on Thursday. The stock has a market capitalization of $13.05 billion, a price-to-earnings ratio of 26.74, a PEG ratio of 1.49 and a beta of 1.51. The firm’s 50-day moving average price is $164.71 and its two-hundred day moving average price is $143.28. The company has a current ratio of 3.03, a quick ratio of 2.04 and a debt-to-equity ratio of 1.18. Advanced Drainage Systems has a 12-month low of $84.71 and a 12-month high of $176.31.

Wall Street Analysts Forecast Growth

WMS has been the topic of a number of recent analyst reports. Northcoast Research started coverage on Advanced Drainage Systems in a research report on Wednesday. They issued a “buy” rating and a $190.00 price objective on the stock. Oppenheimer increased their target price on Advanced Drainage Systems from $172.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, April 18th. KeyCorp raised their target price on Advanced Drainage Systems from $160.00 to $185.00 and gave the company an “overweight” rating in a research note on Friday, February 9th. StockNews.com raised Advanced Drainage Systems from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st. Finally, Stephens boosted their target price on shares of Advanced Drainage Systems from $138.00 to $182.00 and gave the company an “overweight” rating in a report on Friday, February 9th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $162.56.

Insider Transactions at Advanced Drainage Systems

In other Advanced Drainage Systems news, EVP Michael G. Huebert sold 10,000 shares of Advanced Drainage Systems stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $163.52, for a total value of $1,635,200.00. Following the completion of the transaction, the executive vice president now directly owns 13,450 shares of the company’s stock, valued at $2,199,344. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Ross M. Jones sold 762,895 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $163.00, for a total transaction of $124,351,885.00. Following the sale, the director now directly owns 70,749 shares of the company’s stock, valued at $11,532,087. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Michael G. Huebert sold 10,000 shares of Advanced Drainage Systems stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $163.52, for a total value of $1,635,200.00. Following the completion of the sale, the executive vice president now owns 13,450 shares of the company’s stock, valued at $2,199,344. The disclosure for this sale can be found here. Insiders own 3.79% of the company’s stock.

About Advanced Drainage Systems

Advanced Drainage Systems, Inc designs, manufactures, and markets thermoplastic corrugated pipes and related water management products, and drainage solutions for use in the construction and agriculture marketplaces in the United States, Canada, Mexico, and internationally. The company operates through Pipe, International, Infiltrator, and Allied Products & Other segments.