Advanced Drainage Systems (WMS) to Release Quarterly Earnings on Thursday

Advanced Drainage Systems (NYSE:WMS - Get Free Report) is expected to be announcing its earnings results before the market opens on Thursday, February 6th. Analysts expect the company to announce earnings of $1.34 per share and revenue of $822.35 million for the quarter. Advanced Drainage Systems has set its FY 2025 guidance at EPS.Investors that are interested in registering for the company's conference call can do so using this link.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last announced its earnings results on Friday, November 8th. The construction company reported $1.70 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.93 by ($0.23). Advanced Drainage Systems had a return on equity of 40.31% and a net margin of 16.89%. The firm had revenue of $782.60 million for the quarter, compared to analyst estimates of $819.41 million. During the same quarter last year, the business posted $1.71 EPS. The firm's revenue was up .3% compared to the same quarter last year. On average, analysts expect Advanced Drainage Systems to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Advanced Drainage Systems Trading Up 0.9 %

NYSE WMS traded up $1.15 during mid-day trading on Thursday, reaching $124.60. 363,416 shares of the stock were exchanged, compared to its average volume of 544,743. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.15 and a current ratio of 3.19. The stock has a market capitalization of $9.66 billion, a PE ratio of 19.84, a PEG ratio of 1.20 and a beta of 1.51. Advanced Drainage Systems has a 1-year low of $110.75 and a 1-year high of $184.27. The business's fifty day simple moving average is $123.17 and its 200 day simple moving average is $142.62.

Advanced Drainage Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date was Monday, December 2nd. Advanced Drainage Systems's dividend payout ratio is currently 10.19%.

Analyst Ratings Changes

A number of equities analysts have weighed in on WMS shares. KeyCorp cut their price target on shares of Advanced Drainage Systems from $195.00 to $180.00 and set an "overweight" rating on the stock in a research note on Monday, November 11th. Barclays cut their price target on shares of Advanced Drainage Systems from $172.00 to $160.00 and set an "overweight" rating on the stock in a research note on Thursday, January 16th. Oppenheimer cut their target price on shares of Advanced Drainage Systems from $192.00 to $184.00 and set an "outperform" rating on the stock in a research note on Monday, November 11th. Robert W. Baird cut their target price on shares of Advanced Drainage Systems from $174.00 to $161.00 and set an "outperform" rating on the stock in a research note on Monday, November 11th. Finally, Loop Capital cut their target price on shares of Advanced Drainage Systems from $180.00 to $170.00 and set a "buy" rating on the stock in a research note on Monday, November 11th. Two 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 has a consensus rating of "Moderate Buy" and a consensus 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.