Advanced Drainage Systems (NYSE:WMS) will be posting its quarterly earnings results before the market opens on Wednesday, February 7th.
Advanced Drainage Systems (NYSE:WMS) last released its earnings results on Thursday, November 2nd. The construction company reported $0.28 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.08). Advanced Drainage Systems had a return on equity of 41.08% and a net margin of 1.97%. The company had revenue of $401.00 million during the quarter, compared to the consensus estimate of $376.45 million. During the same period last year, the firm posted $0.35 earnings per share. The company’s revenue was up 11.1% compared to the same quarter last year. On average, analysts expect Advanced Drainage Systems to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of Advanced Drainage Systems (WMS) opened at $22.30 on Tuesday. The company has a quick ratio of 1.32, a current ratio of 2.26 and a debt-to-equity ratio of 4.47. Advanced Drainage Systems has a 1-year low of $17.90 and a 1-year high of $25.20. The company has a market capitalization of $1,311.59, a price-to-earnings ratio of 60.27 and a beta of 1.00.
In other news, COO Thomas M. Fussner sold 18,325 shares of the business’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $23.67, for a total value of $433,752.75. Following the completion of the transaction, the chief operating officer now owns 549,519 shares in the company, valued at $13,007,114.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Ronald R. Vitarelli sold 5,000 shares of the business’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $23.04, for a total value of $115,200.00. Following the completion of the transaction, the chief operating officer now owns 54,698 shares of the company’s stock, valued at approximately $1,260,241.92. The disclosure for this sale can be found here. 21.43% of the stock is owned by insiders.
Several equities research analysts have commented on the company. Barclays assumed coverage on Advanced Drainage Systems in a report on Wednesday, December 20th. They issued an “equal weight” rating and a $24.00 target price on the stock. ValuEngine raised Advanced Drainage Systems from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Citigroup assumed coverage on Advanced Drainage Systems in a report on Wednesday, November 29th. They issued a “neutral” rating and a $26.00 target price on the stock. TheStreet downgraded Advanced Drainage Systems from a “b-” rating to a “c+” rating in a report on Wednesday, October 25th. Finally, Robert W. Baird boosted their target price on Advanced Drainage Systems from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. Advanced Drainage Systems has a consensus rating of “Hold” and an average target price of $24.60.
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Advanced Drainage Systems Company Profile
Advanced Drainage Systems, Inc is engaged in designing, manufacturing and marketing of thermoplastic corrugated pipe and related water management products, primarily in North and South America, and Europe. The Company operates through two segments: Domestic and International. The Domestic segment manufactures and markets products throughout the United States.
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