Advanced Drainage Systems (WMS) Scheduled to Post Earnings on Friday

Advanced Drainage Systems (NYSE:WMS - Get Free Report) is set to issue its quarterly earnings data before the market opens on Friday, November 8th. Analysts expect the company to announce earnings of $1.93 per share for the quarter. Advanced Drainage Systems has set its FY 2025 guidance at EPS.Parties that are interested in participating in the company's conference call can do so using this link.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The construction company reported $2.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.98 by $0.08. Advanced Drainage Systems had a return on equity of 43.60% and a net margin of 17.09%. The business had revenue of $815.34 million during the quarter, compared to the consensus estimate of $828.00 million. On average, analysts expect Advanced Drainage Systems to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Advanced Drainage Systems Stock Performance

Shares of NYSE WMS traded down $0.23 during midday trading on Friday, reaching $149.65. The company's stock had a trading volume of 283,737 shares, compared to its average volume of 485,135. Advanced Drainage Systems has a 12-month low of $104.16 and a 12-month high of $184.27. The firm has a 50 day moving average price of $152.14 and a 200-day moving average price of $159.90. The stock has a market capitalization of $11.60 billion, a P/E ratio of 23.68, a PEG ratio of 1.29 and a beta of 1.53. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.89 and a quick ratio of 1.90.

Advanced Drainage Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a $0.16 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.43%. Advanced Drainage Systems's payout ratio is presently 10.13%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Barclays lowered their price target 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. Robert W. Baird lowered their price target on shares of Advanced Drainage Systems from $200.00 to $187.00 and set an "outperform" rating on the stock in a report on Friday, August 9th. Oppenheimer reaffirmed an "outperform" rating and issued a $192.00 price target on shares of Advanced Drainage Systems in a report on Thursday, August 15th. Loop Capital lowered their price target on shares of Advanced Drainage Systems from $188.00 to $180.00 and set a "buy" rating on the stock in a report on Monday, August 12th. Finally, StockNews.com cut shares of Advanced Drainage Systems from a "buy" rating to a "hold" rating in a report on Wednesday, July 17th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, Advanced Drainage Systems has an average rating of "Moderate Buy" and an average 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.