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

Advanced Drainage Systems (NYSE:WMS) is scheduled to be announcing its earnings results 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 wish to register for the company’s conference call can do so using this link.

Advanced Drainage Systems (NYSE:WMS) last released its quarterly earnings data on Thursday, August 8th. The construction company reported $2.06 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 firm had revenue of $815.34 million for the quarter, compared to analysts’ expectations 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 Price Performance

NYSE:WMS opened at $155.25 on Wednesday. Advanced Drainage Systems has a 52 week low of $110.31 and a 52 week high of $184.27. The stock’s fifty day moving average is $151.90 and its two-hundred day moving average is $159.89. The company has a market capitalization of $12.03 billion, a P/E ratio of 24.56, a P/E/G ratio of 1.27 and a beta of 1.53. The company has a quick ratio of 1.90, a current ratio of 2.89 and a debt-to-equity ratio of 1.04.

Advanced Drainage Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.41%. Advanced Drainage Systems’s payout ratio is currently 10.13%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. StockNews.com downgraded shares of Advanced Drainage Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Robert W. Baird decreased their price objective on shares of Advanced Drainage Systems from $200.00 to $187.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. Oppenheimer reissued an “outperform” rating and issued a $192.00 target price on shares of Advanced Drainage Systems in a report on Thursday, August 15th. Loop Capital decreased their price target on Advanced Drainage Systems from $188.00 to $180.00 and set a “buy” rating for the company in a report on Monday, August 12th. Finally, Barclays dropped their price objective on Advanced Drainage Systems from $202.00 to $194.00 and set an “overweight” rating on the stock in a report on Friday, August 9th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $190.14.

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.