Advanced Drainage Systems (WMS) Projected to Post Quarterly Earnings on Thursday

Advanced Drainage Systems (NYSE:WMS) is expected to issue its quarterly earnings data 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.Persons interested in participating in the company’s earnings conference call can do so using this link.

Advanced Drainage Systems (NYSE:WMS) last issued its quarterly earnings data on Friday, November 8th. The construction company reported $1.70 EPS for the quarter, missing the consensus estimate of $1.93 by ($0.23). The company had revenue of $782.60 million during the quarter, compared to the consensus estimate of $819.41 million. Advanced Drainage Systems had a net margin of 16.89% and a return on equity of 40.31%. Advanced Drainage Systems’s revenue for the quarter was up .3% on a year-over-year basis. During the same period in the previous year, the company earned $1.71 EPS. 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 Stock Performance

NYSE WMS opened at $123.66 on Thursday. Advanced Drainage Systems has a fifty-two week low of $110.75 and a fifty-two week high of $184.27. The stock has a market cap of $9.59 billion, a PE ratio of 19.69, a PEG ratio of 1.20 and a beta of 1.51. 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 firm’s fifty day moving average price is $123.17 and its two-hundred day moving average price is $142.62.

Advanced Drainage Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued a $0.16 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.64 dividend on an annualized basis and a yield of 0.52%. Advanced Drainage Systems’s payout ratio is presently 10.19%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on WMS. UBS Group upgraded Advanced Drainage Systems from a “neutral” rating to a “buy” rating and set a $155.00 price target on the stock in a report on Wednesday, January 8th. Robert W. Baird reduced 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 report on Monday, November 11th. Stephens reaffirmed an “equal weight” rating and set a $135.00 price target (down previously from $170.00) on shares of Advanced Drainage Systems in a research note on Wednesday, November 13th. 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 report on Monday, November 11th. Finally, Loop Capital decreased their price objective on Advanced Drainage Systems from $180.00 to $170.00 and set a “buy” rating for the company in a report on Monday, November 11th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.