Advanced Drainage Systems (NYSE:WMS) Issues Earnings Results, Misses Estimates By $0.25 EPS

Advanced Drainage Systems (NYSE:WMS) released its quarterly earnings results on Thursday. The construction company reported $1.09 earnings per share for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.25), Zacks reports. Advanced Drainage Systems had a net margin of 16.89% and a return on equity of 40.31%. Advanced Drainage Systems updated its FY 2025 guidance to EPS.

Advanced Drainage Systems Trading Up 1.9 %

Shares of Advanced Drainage Systems stock traded up $2.26 during trading on Friday, reaching $119.94. 172,449 shares of the stock were exchanged, compared to its average volume of 605,833. The company has a quick ratio of 2.15, a current ratio of 3.19 and a debt-to-equity ratio of 0.97. The firm has a market cap of $9.30 billion, a price-to-earnings ratio of 19.12, a price-to-earnings-growth ratio of 1.16 and a beta of 1.52. Advanced Drainage Systems has a 1 year low of $110.75 and a 1 year high of $184.27. The stock’s fifty day moving average is $121.63 and its 200 day moving average is $140.70.

Advanced Drainage Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.53%. Advanced Drainage Systems’s payout ratio is 10.19%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Robert W. Baird dropped their target price on Advanced Drainage Systems from $174.00 to $161.00 and set an “outperform” rating for the company in a research report on Monday, November 11th. Stephens restated an “equal weight” rating and issued a $135.00 price objective (down from $170.00) on shares of Advanced Drainage Systems in a report on Wednesday, November 13th. KeyCorp cut their price objective on shares of Advanced Drainage Systems from $195.00 to $180.00 and set an “overweight” rating for the company in a research note on Monday, November 11th. UBS Group upgraded shares of Advanced Drainage Systems from a “neutral” rating to a “buy” rating and set a $155.00 target price on the stock in a research report on Wednesday, January 8th. Finally, Barclays cut their price target on shares of Advanced Drainage Systems from $172.00 to $160.00 and set an “overweight” rating for the company in a research report on Thursday, January 16th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Advanced Drainage Systems currently has an average rating of “Moderate Buy” and an average price target 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.