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

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

Advanced Drainage Systems Price Performance

Shares of WMS traded down $22.84 during trading hours on Friday, reaching $136.16. The company had a trading volume of 2,277,675 shares, compared to its average volume of 493,406. The company has a market capitalization of $10.56 billion, a price-to-earnings ratio of 21.54, a PEG 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 firm has a 50 day simple moving average of $151.62 and a 200-day simple moving average of $159.76. 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 business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a dividend of $0.16 per share. The ex-dividend date is Monday, December 2nd. This represents a $0.64 annualized dividend and a dividend yield of 0.47%. Advanced Drainage Systems's payout ratio is currently 10.13%.

Analysts Set New Price Targets

WMS has been the topic of a number of research analyst reports. Oppenheimer reissued an "outperform" rating and set a $192.00 price objective on shares of Advanced Drainage Systems in a report on Thursday, August 15th. Robert W. Baird decreased their target price on Advanced Drainage Systems from $200.00 to $187.00 and set an "outperform" rating for the company in a research report on Friday, August 9th. StockNews.com downgraded Advanced Drainage Systems from a "buy" rating to a "hold" rating in a report on Wednesday, July 17th. Barclays cut their target price on shares of Advanced Drainage Systems from $202.00 to $194.00 and set an "overweight" rating on the stock in a report on Friday, August 9th. Finally, Loop Capital decreased their price target on shares of 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. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target 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.