Advanced Drainage Systems (WMS) Receiving Somewhat Positive Media Coverage, Study Shows

Media stories about Advanced Drainage Systems (NYSE:WMS) have been trending somewhat positive recently, according to Accern. The research firm ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Advanced Drainage Systems earned a daily sentiment score of 0.06 on Accern’s scale. Accern also assigned news headlines about the construction company an impact score of 46.8274033132299 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Here are some of the news headlines that may have effected Accern Sentiment’s rankings:

Shares of Advanced Drainage Systems (WMS) opened at $21.30 on Friday. The stock has a market cap of $1,176.74, a PE ratio of 60.86 and a beta of 0.92. The company has a debt-to-equity ratio of 6.16, a current ratio of 2.17 and a quick ratio of 1.02.

Advanced Drainage Systems (NYSE:WMS) last released its quarterly earnings data on Thursday, November 2nd. The construction company reported $0.28 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.08). Advanced Drainage Systems had a net margin of 1.97% and a return on equity of 48.83%. The business had revenue of $401.00 million during the quarter, compared to analyst estimates of $376.45 million. During the same period in the previous year, the business earned $0.35 earnings per share. The business’s quarterly revenue was up 11.1% on a year-over-year basis. equities research analysts predict that Advanced Drainage Systems will post 0.59 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a $0.07 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.31%. Advanced Drainage Systems’s payout ratio is 75.68%.

A number of research analysts have weighed in on the company. BidaskClub upgraded Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. ValuEngine downgraded Advanced Drainage Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Zacks Investment Research downgraded Advanced Drainage Systems from a “buy” rating to a “sell” rating in a research note on Thursday, August 10th. Robert W. Baird reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Advanced Drainage Systems in a research report on Wednesday, October 4th. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of Advanced Drainage Systems in a research report on Thursday, August 3rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. Advanced Drainage Systems presently has a consensus rating of “Hold” and an average price target of $24.33.

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In other news, major shareholder Berkshire Partners Holdings Ll purchased 3,446,293 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The stock was acquired at an average cost of $20.32 per share, with a total value of $70,028,673.76. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Robert M. Klein sold 20,000 shares of Advanced Drainage Systems stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $20.77, for a total value of $415,400.00. Following the sale, the executive vice president now directly owns 340,205 shares of the company’s stock, valued at $7,066,057.85. The disclosure for this sale can be found here. Company insiders own 21.43% of the company’s stock.

About Advanced Drainage Systems

Advanced Drainage Systems, Inc is engaged in designing, manufacturing and marketing of thermoplastic corrugated pipe and related water management products, primarily in North and South America, and Europe. The Company operates through two segments: Domestic and International. The Domestic segment manufactures and markets products throughout the United States.

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