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

Advanced Drainage Systems, Inc. (NYSE:WMS - Get Free Report) announced a quarterly dividend on Thursday, February 6th,RTT News reports. Stockholders of record on Friday, February 28th will be paid a dividend of 0.16 per share by the construction company on Friday, March 14th. This represents a $0.64 annualized dividend and a dividend yield of 0.51%. The ex-dividend date of this dividend is Friday, February 28th.

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. Equities 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 Price Performance

NYSE:WMS traded up $4.77 during mid-day trading on Monday, hitting $125.20. 1,084,376 shares of the stock traded hands, compared to its average volume of 637,996. The business's 50-day moving average price is $121.34 and its 200 day moving average price is $139.97. The company has a quick ratio of 2.15, a current ratio of 3.21 and a debt-to-equity ratio of 0.93. The company has a market cap of $9.71 billion, a PE ratio of 20.94, a price-to-earnings-growth ratio of 1.13 and a beta of 1.52. Advanced Drainage Systems has a 12-month low of $110.75 and a 12-month high of $184.27.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The construction company reported $1.09 EPS for the quarter, missing analysts' consensus estimates of $1.34 by ($0.25). Advanced Drainage Systems had a net margin of 15.90% and a return on equity of 35.79%. On average, analysts expect that Advanced Drainage Systems will post 6.12 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have weighed in on the company. KeyCorp lowered their price target on Advanced Drainage Systems from $195.00 to $180.00 and set an "overweight" rating on the stock in a report on Monday, November 11th. UBS Group raised 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 note on Wednesday, January 8th. Loop Capital cut their price target on shares of Advanced Drainage Systems from $170.00 to $160.00 and set a "buy" rating for the company in a research note on Friday. Stephens reissued an "equal weight" rating and issued a $135.00 price target on shares of Advanced Drainage Systems in a report on Friday. Finally, Barclays dropped their price objective on shares of Advanced Drainage Systems from $160.00 to $149.00 and set an "overweight" rating for the company in a report on Friday. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $164.25.

Advanced Drainage Systems Company Profile

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.