Advanced Drainage Systems (NYSE:WMS) Announces Quarterly Earnings Results

Advanced Drainage Systems (NYSE:WMS) released its quarterly earnings results on Friday. The construction company reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.93 by ($0.23), Briefing.com reports. The company had revenue of $782.60 million for the quarter, compared to the consensus estimate of $819.41 million. Advanced Drainage Systems had a net margin of 17.09% and a return on equity of 43.60%. The business’s revenue for the quarter was up .3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.71 EPS. Advanced Drainage Systems updated its FY 2025 guidance to EPS.

Advanced Drainage Systems Price Performance

Shares of Advanced Drainage Systems stock opened at $136.16 on Monday. The stock has a 50 day moving average of $151.62 and a 200 day moving average of $159.75. Advanced Drainage Systems has a 12 month low of $110.38 and a 12 month high of $184.27. The firm has a market cap of $10.56 billion, a PE ratio of 21.68, a PEG ratio of 1.15 and a beta of 1.53. The company has a current ratio of 2.89, a quick ratio of 1.90 and a debt-to-equity ratio of 1.04.

Advanced Drainage Systems Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date is Monday, December 2nd. Advanced Drainage Systems’s payout ratio is presently 10.19%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Robert W. Baird dropped their price objective on Advanced Drainage Systems from $200.00 to $187.00 and set an “outperform” rating for the company in a research note on Friday, August 9th. Barclays dropped their price objective on Advanced Drainage Systems from $202.00 to $194.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. Loop Capital dropped their price objective on Advanced Drainage Systems from $188.00 to $180.00 and set a “buy” rating for the company in a research note on Monday, August 12th. Oppenheimer reaffirmed an “outperform” rating and issued a $192.00 price objective on shares of Advanced Drainage Systems in a research note on Thursday, August 15th. Finally, StockNews.com lowered Advanced Drainage Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $190.14.

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.