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

Advanced Drainage Systems, Inc. (NYSE:WMS - Get Free Report) announced a quarterly dividend on Friday, November 8th,RTT News reports. Shareholders of record on Monday, December 2nd will be paid a dividend of 0.16 per share by the construction company on Monday, December 16th. This represents a $0.64 annualized dividend and a yield of 0.47%.

Advanced Drainage Systems has raised its dividend by an average of 14.5% per year over the last three years. Advanced Drainage Systems has a dividend payout ratio of 8.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Advanced Drainage Systems to earn $8.08 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 7.9%.

Advanced Drainage Systems Stock Down 14.4 %

Shares of WMS stock traded down $22.84 on Friday, reaching $136.16. 2,277,430 shares of the company's stock traded hands, compared to its average volume of 493,406. The company has a market capitalization of $10.56 billion, a P/E ratio of 23.01, a price-to-earnings-growth ratio of 1.38 and a beta of 1.53. Advanced Drainage Systems has a 12-month low of $110.38 and a 12-month high of $184.27. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.90 and a current ratio of 2.89. The business's 50 day moving average price is $152.03 and its two-hundred day moving average price is $159.90.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last released its earnings results on Thursday, August 8th. The construction company reported $2.06 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.08. The company had revenue of $815.34 million for the quarter, compared to analysts' expectations of $828.00 million. Advanced Drainage Systems had a return on equity of 43.60% and a net margin of 17.09%. On average, equities analysts forecast that Advanced Drainage Systems will post 6.95 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Oppenheimer reiterated an "outperform" rating and issued a $192.00 target price on shares of Advanced Drainage Systems in a research report on Thursday, August 15th. Robert W. Baird lowered their target price on Advanced Drainage Systems from $200.00 to $187.00 and set an "outperform" rating on the stock in a research note on Friday, August 9th. Loop Capital cut their price target 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. StockNews.com downgraded Advanced Drainage Systems from a "buy" rating to a "hold" rating in a report on Wednesday, July 17th. Finally, Barclays reduced their target price on shares of 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. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Advanced Drainage Systems presently has an average rating of "Moderate Buy" and a consensus price target of $190.14.

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.