Advanced Drainage Systems (WMS) Scheduled to Post Quarterly Earnings on Thursday
Advanced Drainage Systems (NYSE:WMS – Get Rating) will release its quarterly earnings data before the market opens on Thursday, February 2nd. Analysts expect the company to report earnings of $1.04 per share for the quarter. Advanced Drainage Systems has set its guidance for fiscal year 2023 at EPS. Individuals wishing to register for the Company’s earnings conference call can do so through this link.
Advanced Drainage Systems (NYSE:WMS – Get Rating) last announced earnings results on Thursday, November 3rd. The construction company reported $1.80 EPS for the quarter, missing the consensus estimate of $1.88 ($0.08). Advanced Drainage Systems had a return on equity of 51.62% and a net margin of 14.34%. The company had revenue of $884.20 million for the quarter, compared to analyst estimates of $928.04 million. In the same quarter last year, the company reported earnings per share of $0.88. The company’s quarterly revenue increased 25.2% year over year. On average, analysts expect Advanced Drainage Systems to post earnings per share of $6 for the current fiscal year and $6 for the next fiscal year.
Advanced drainage systems value for money
NYSE: WMS opened at $89.70 on Thursday. Advanced Drainage Systems has a 1-year low of $79.90 and a 1-year high of $153.36. The company has a current ratio of 3.07, a quick ratio of 1.98 and a debt-to-equity ratio of 1.22. The company has a 50-day simple moving average of $87.88 and a 200-day simple moving average of $110.07. The stock has a market cap of $7.43 billion, a P/E of 16.55 and a beta of 1.30.
Advanced Drainage Systems Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, December 15th. Investors of record were paid a dividend of $0.12 on Thursday, December 1st. That equates to an annual dividend of $0.48 and a yield of 0.54%. The ex-dividend date of this dividend was Wednesday November 30th. Advanced Drainage Systems’ dividend payout ratio (DPR) is currently 8.86%.
Insider buying and selling at Advanced Drainage Systems
In related news, on Monday, November 7, Director De La Mesa Manuel J. Perez acquired 5,000 shares of Advanced Drainage Systems in a transaction. The stock was acquired at an average price of $81.90 per share for a total transaction of $409,500.00. Following the purchase, the Director now owns 18,493 shares of the Company, valued at approximately $1,514,576.70. The acquisition was disclosed in a legal filing with the SEC, available at this hyperlink. In other Advanced Drainage Systems news, EVP Robert M. Klein sold 33,840 shares of the company’s stock in a transaction on Wednesday, November 9th. The shares sold at an average price of $82.61 for a total value of $2,795,522.40. Following the closing of the transaction, the Executive Vice President now owns 98,775 shares of the Company, valued at $8,159,802.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed at this hyperlink. In addition, Director De La Mesa Manuel J. Perez purchased 5,000 shares of Advanced Drainage Systems in a transaction on Monday, November 7th. The stock was acquired at an average price of $81.90 per share for a total value of $409,500.00. Upon completion of the acquisition, the Director now directly owns 18,493 shares of the Company, valued at approximately $1,514,576.70. The disclosure for this purchase can be found here. Insiders own 9.33% of the company’s stock.
Institutional trade in advanced drainage systems
Major investors recently changed their stakes in the company. Vanguard Group Inc. increased its stake in Advanced Drainage Systems by 4.6% in the third quarter. Vanguard Group Inc. now owns 6,387,305 shares of the construction company’s stock valued at $794,389,000 after purchasing an additional 278,780 shares last quarter. State Street Corp increased its holdings of Advanced Drainage Systems stock by 3.3% in the third quarter. State Street Corp now owns 1,181,730 shares of the construction company’s stock valued at $146,972,000 after purchasing an additional 37,860 shares last quarter. Capital International Investors increased its stake in Advanced Drainage Systems stock by 73.8% in the first quarter. Capital International Investors now owns 561,578 shares of the construction company’s stock valued at $66,721,000 after purchasing an additional 238,522 shares last quarter. Charles Schwab Investment Management Inc. increased its stake in Advanced Drainage Systems by 4.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 485,568 shares of the construction company’s stock valued at $57,691,000 after purchasing an additional 21,619 shares last quarter. Finally, Wellington Management Group LLP increased its stake in Advanced Drainage Systems by 6.8% during the first quarter. Wellington Management Group LLP now owns 339,216 shares of the construction company’s stock valued at $40,302,000 after purchasing an additional 21,574 shares last quarter. 83.46% of the shares are currently owned by institutional investors and hedge funds.
Analysts set new price targets
WMS has been the subject of several recent analyst reports. Robert W. Baird lowered his target price on Advanced Drainage Systems from $168.00 to $121.00 in a research note on Friday, November 4. Barclays increased its target price on Advanced Drainage Systems to $127.00 from $122.00 in a report on Wednesday, December 14. StockNews.com reported on Advanced Drainage Systems in a report on Wednesday, October 12th. They gave the stock a “hold” rating. Morgan Stanley lowered its target price on Advanced Drainage Systems to $120.00 from $152.00 and gave the stock an “overweight” rating in a report Monday, November 7. Finally, Deutsche Bank Aktiengesellschaft lowered its target price on Advanced Drainage Systems from $159.00 to $140.00 in a research report on Monday, November 7th. One investment analyst has rated the stock with a hold and five have given a buy rating to the company. According to MarketBeat, Advanced Drainage Systems currently has an average rating of “Moderate Buy” and a consensus target of $126.40.
About advanced drainage systems
Advanced Drainage Systems, Inc is engaged in the manufacture of corrugated thermoplastic tubing that offers a range of water management products and drainage solutions for use in the construction and infrastructure markets. It operates through the following segments: Pipe, Infiltrator, International and Allied Products & Other.
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