Advanced Drainage Systems, Inc. (NYSE:WMS) Declares Quarterly Dividend of $0.16

Advanced Drainage Systems, Inc. (NYSE:WMS) announced a quarterly dividend on Thursday, February 6th,RTT News reports. Stockholders of record on Friday, February 28th will be given a dividend of 0.16 per share by the construction company on Friday, March 14th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.54%.

Advanced Drainage Systems has raised its dividend by an average of 13.9% per year over the last three years. Advanced Drainage Systems has a payout ratio of 8.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Advanced Drainage Systems to earn $6.70 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 9.6%.

Advanced Drainage Systems Trading Up 1.2 %

Shares of Advanced Drainage Systems stock opened at $117.46 on Friday. The firm has a market capitalization of $9.11 billion, a price-to-earnings ratio of 18.70, a PEG ratio of 1.16 and a beta of 1.52. Advanced Drainage Systems has a fifty-two week low of $110.75 and a fifty-two week high of $184.27. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.15 and a current ratio of 3.19. The stock has a 50 day moving average of $121.63 and a 200 day moving average of $140.70.

Advanced Drainage Systems (NYSE:WMS) last released its quarterly earnings results on Thursday, February 6th. The construction company reported $1.09 EPS for the quarter, missing the consensus estimate of $1.34 by ($0.25). Advanced Drainage Systems had a return on equity of 40.31% and a net margin of 16.89%. As a group, research analysts predict that Advanced Drainage Systems will post 6.12 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on WMS. Oppenheimer reduced their price objective on Advanced Drainage Systems from $192.00 to $184.00 and set an “outperform” rating on the stock in a research note on Monday, November 11th. KeyCorp cut their price target on Advanced Drainage Systems from $195.00 to $180.00 and set an “overweight” rating on the stock in a research note on Monday, November 11th. Stephens reaffirmed an “equal weight” rating and set a $135.00 price target (down from $170.00) on shares of Advanced Drainage Systems in a report on Wednesday, November 13th. Robert W. Baird decreased their price target on Advanced Drainage Systems from $174.00 to $161.00 and set an “outperform” rating for the company in a report on Monday, November 11th. Finally, Barclays decreased their price target on Advanced Drainage Systems from $172.00 to $160.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Advanced Drainage Systems currently has an average rating of “Moderate Buy” and an average target price of $166.88.

About Advanced Drainage Systems

Advanced Drainage Systems, Inc designs, manufactures, and markets thermoplastic corrugated pipes and related water management products in North America and internationally. The company operates through Pipe, International, Infiltrator, and Allied Products & Other segments. It offers single, double, and triple wall corrugated polypropylene and polyethylene pipes; plastic leachfield chambers and systems; EZflow synthetic aggregate bundles; wastewater purification through mechanical aeration wastewater for residential and commercial systems; septic tanks and accessories; combined treatment and dispersal systems, including advanced enviro-septic and advanced treatment leachfield systems; and allied products, including storm retention/detention and septic chambers, polyvinyl chloride drainage structures, fittings, and water quality filters and separators.