Advanced Drainage Systems (WMS) Set to Announce Earnings on Thursday

Advanced Drainage Systems (NYSE:WMSGet Free Report) is scheduled to post its quarterly earnings results before the market opens on Thursday, February 8th. Analysts expect Advanced Drainage Systems to post earnings of $0.93 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Advanced Drainage Systems (NYSE:WMSGet Free Report) last issued its quarterly earnings results on Thursday, November 2nd. The construction company reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.18. The company had revenue of $780.22 million for the quarter, compared to analyst estimates of $776.36 million. Advanced Drainage Systems had a return on equity of 48.92% and a net margin of 16.86%. On average, analysts expect Advanced Drainage Systems to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Advanced Drainage Systems Stock Performance

Shares of Advanced Drainage Systems stock opened at $130.42 on Thursday. The firm has a market cap of $10.16 billion, a price-to-earnings ratio of 21.96, a price-to-earnings-growth ratio of 2.12 and a beta of 1.42. The stock’s 50-day moving average is $131.35 and its 200-day moving average is $123.52. Advanced Drainage Systems has a one year low of $75.02 and a one year high of $145.68. The company has a debt-to-equity ratio of 1.24, a current ratio of 2.88 and a quick ratio of 1.98.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. StockNews.com assumed coverage on Advanced Drainage Systems in a report on Thursday, October 5th. They issued a “hold” rating on the stock. KeyCorp dropped their price objective on Advanced Drainage Systems from $160.00 to $145.00 and set an “overweight” rating on the stock in a research note on Friday, November 3rd. Finally, Barclays upped their price objective on Advanced Drainage Systems from $151.00 to $156.00 and gave the company an “overweight” rating in a research note on Wednesday, December 13th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Advanced Drainage Systems currently has an average rating of “Moderate Buy” and a consensus price target of $145.88.

Check Out Our Latest Report on WMS

Insider Activity

In other news, EVP Robert M. Klein sold 6,353 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $111.85, for a total value of $710,583.05. Following the transaction, the executive vice president now owns 108,500 shares of the company’s stock, valued at $12,135,725. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.79% of the stock is owned by company insiders.

Institutional Investors Weigh In On Advanced Drainage Systems

A number of large investors have recently added to or reduced their stakes in the stock. Graham Capital Management L.P. acquired a new stake in Advanced Drainage Systems during the third quarter worth approximately $210,000. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Advanced Drainage Systems in the 3rd quarter valued at $385,000. Creative Planning boosted its holdings in shares of Advanced Drainage Systems by 4.3% in the 3rd quarter. Creative Planning now owns 3,893 shares of the construction company’s stock valued at $443,000 after purchasing an additional 160 shares in the last quarter. Morgan Stanley boosted its holdings in shares of Advanced Drainage Systems by 15.0% in the 3rd quarter. Morgan Stanley now owns 1,570,278 shares of the construction company’s stock valued at $178,745,000 after purchasing an additional 204,267 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Advanced Drainage Systems by 0.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 667,476 shares of the construction company’s stock valued at $75,979,000 after purchasing an additional 5,708 shares in the last quarter. Institutional investors and hedge funds own 84.69% of the company’s stock.

About Advanced Drainage Systems

(Get Free Report)

Advanced Drainage Systems, Inc designs, manufactures, and markets thermoplastic corrugated pipes and related water management products, and drainage solutions for use in the construction and agriculture marketplaces in the United States, Canada, Mexico, and internationally. The company operates through Pipe, International, Infiltrator, and Allied Products & Other segments.

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Earnings History for Advanced Drainage Systems (NYSE:WMS)

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