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

Advanced Drainage Systems (NYSE:WMS) is scheduled to be releasing its earnings data before the market opens on Thursday, May 16th. Analysts expect Advanced Drainage Systems to post earnings of $0.93 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Advanced Drainage Systems (NYSE:WMS) last announced its quarterly earnings data on Thursday, February 8th. The construction company reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.44. Advanced Drainage Systems had a net margin of 17.65% and a return on equity of 49.79%. The business had revenue of $662.37 million during the quarter, compared to analyst estimates of $632.69 million. During the same quarter in the prior year, the business earned $0.99 earnings per share. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. 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 Trading Up 0.0 %

Shares of WMS opened at $168.19 on Thursday. The stock’s 50-day moving average price is $164.71 and its 200 day moving average price is $143.28. The company has a quick ratio of 2.04, a current ratio of 3.03 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $13.05 billion, a price-to-earnings ratio of 26.74, a P/E/G ratio of 1.49 and a beta of 1.51. Advanced Drainage Systems has a 12-month low of $84.71 and a 12-month high of $176.31.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Stephens boosted their price objective on Advanced Drainage Systems from $138.00 to $182.00 and gave the company an “overweight” rating in a research report on Friday, February 9th. StockNews.com upgraded shares of Advanced Drainage Systems from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st. Northcoast Research assumed coverage on shares of Advanced Drainage Systems in a research report on Wednesday. They set a “buy” rating and a $190.00 target price on the stock. Oppenheimer increased their price target on shares of Advanced Drainage Systems from $172.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, April 18th. Finally, KeyCorp lifted their price objective on Advanced Drainage Systems from $160.00 to $185.00 and gave the company an “overweight” rating in a report on Friday, February 9th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Advanced Drainage Systems currently has a consensus rating of “Moderate Buy” and an average target price of $162.56.

Insider Buying and Selling

In other Advanced Drainage Systems news, Director Ross M. Jones sold 762,895 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $163.00, for a total value of $124,351,885.00. Following the transaction, the director now owns 70,749 shares of the company’s stock, valued at $11,532,087. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Advanced Drainage Systems news, Director Ross M. Jones sold 762,895 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $163.00, for a total value of $124,351,885.00. Following the completion of the sale, the director now owns 70,749 shares in the company, valued at approximately $11,532,087. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Michael G. Huebert sold 10,000 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $163.52, for a total transaction of $1,635,200.00. Following the completion of the transaction, the executive vice president now directly owns 13,450 shares of the company’s stock, valued at $2,199,344. The disclosure for this sale can be found here. 3.79% of the stock is owned by corporate insiders.

About Advanced Drainage Systems

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.