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

Advanced Drainage Systems (NYSE:WMS - Get Free Report) posted its quarterly earnings results on Thursday. The construction company reported $1.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by ($0.25), Zacks reports. Advanced Drainage Systems had a net margin of 15.90% and a return on equity of 35.79%. Advanced Drainage Systems updated its FY 2025 guidance to EPS.

Advanced Drainage Systems Price Performance

Shares of Advanced Drainage Systems stock traded up $4.77 on Monday, hitting $125.20. The company had a trading volume of 1,084,379 shares, compared to its average volume of 641,938. Advanced Drainage Systems has a 52 week low of $110.75 and a 52 week high of $184.27. The company has a market cap of $9.71 billion, a PE ratio of 20.94, a PEG ratio of 1.13 and a beta of 1.52. The business has a 50-day simple moving average of $121.34 and a 200-day simple moving average of $139.97. The company has a debt-to-equity ratio of 0.93, a current ratio of 3.21 and a quick ratio of 2.15.

Advanced Drainage Systems Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date of this dividend is Friday, February 28th. Advanced Drainage Systems's dividend payout ratio is currently 10.70%.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. 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 report on Wednesday, January 8th. Stephens restated an "equal weight" rating and set a $135.00 price objective on shares of Advanced Drainage Systems in a research report on Friday. Loop Capital dropped their target price on Advanced Drainage Systems from $170.00 to $160.00 and set a "buy" rating on the stock in a research report on Friday. Robert W. Baird reduced their price target on shares of 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 dropped their price objective on shares of Advanced Drainage Systems from $160.00 to $149.00 and set an "overweight" rating on the stock 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. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target 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.