$0.22 EPS Expected for Advanced Drainage Systems Inc (WMS) This Quarter

Equities analysts expect Advanced Drainage Systems Inc (NYSE:WMS) to announce earnings of $0.22 per share for the current quarter, Zacks reports. Two analysts have provided estimates for Advanced Drainage Systems’ earnings. The highest EPS estimate is $0.23 and the lowest is $0.20. Advanced Drainage Systems posted earnings of $0.17 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 29.4%. The business is scheduled to announce its next quarterly earnings report on Thursday, February 8th.

On average, analysts expect that Advanced Drainage Systems will report full-year earnings of $0.67 per share for the current fiscal year, with EPS estimates ranging from $0.65 to $0.69. For the next fiscal year, analysts forecast that the business will report earnings of $0.91 per share, with EPS estimates ranging from $0.84 to $0.95. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that cover Advanced Drainage Systems.

Advanced Drainage Systems (NYSE:WMS) last announced its quarterly earnings data on Thursday, November 2nd. The construction company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.08). Advanced Drainage Systems had a net margin of 1.97% and a return on equity of 41.08%. The company had revenue of $401.00 million for the quarter, compared to analyst estimates of $376.45 million. During the same quarter in the prior year, the company posted $0.35 EPS. Advanced Drainage Systems’s revenue for the quarter was up 11.1% on a year-over-year basis.

WMS has been the topic of a number of analyst reports. Robert W. Baird restated a “buy” rating and issued a $25.00 target price on shares of Advanced Drainage Systems in a report on Wednesday, October 4th. TheStreet lowered shares of Advanced Drainage Systems from a “b-” rating to a “c+” rating in a report on Wednesday, October 25th. Citigroup initiated coverage on shares of Advanced Drainage Systems in a report on Wednesday, November 29th. They issued a “neutral” rating and a $26.00 target price on the stock. ValuEngine upgraded shares of Advanced Drainage Systems from a “sell” rating to a “hold” rating in a report on Friday, November 17th. Finally, Zacks Investment Research upgraded shares of Advanced Drainage Systems from a “sell” rating to a “hold” rating in a report on Thursday, October 5th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. Advanced Drainage Systems currently has a consensus rating of “Hold” and a consensus price target of $24.60.

In other Advanced Drainage Systems news, COO Ronald R. Vitarelli sold 5,000 shares of the company’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $23.04, for a total value of $115,200.00. Following the completion of the sale, the chief operating officer now directly owns 54,698 shares of the company’s stock, valued at approximately $1,260,241.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Thomas M. Fussner sold 18,325 shares of the company’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $23.67, for a total transaction of $433,752.75. Following the completion of the sale, the chief operating officer now directly owns 549,519 shares of the company’s stock, valued at $13,007,114.73. The disclosure for this sale can be found here. Corporate insiders own 21.43% of the company’s stock.

A number of hedge funds have recently modified their holdings of WMS. Stifel Financial Corp grew its position in shares of Advanced Drainage Systems by 0.4% during the 2nd quarter. Stifel Financial Corp now owns 40,687 shares of the construction company’s stock valued at $813,000 after acquiring an additional 164 shares during the period. Rhumbline Advisers grew its position in shares of Advanced Drainage Systems by 0.5% during the 2nd quarter. Rhumbline Advisers now owns 38,851 shares of the construction company’s stock valued at $781,000 after acquiring an additional 178 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of Advanced Drainage Systems by 1.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 28,011 shares of the construction company’s stock valued at $563,000 after acquiring an additional 346 shares during the period. Alliancebernstein L.P. grew its position in shares of Advanced Drainage Systems by 0.9% during the 2nd quarter. Alliancebernstein L.P. now owns 67,718 shares of the construction company’s stock valued at $1,361,000 after acquiring an additional 609 shares during the period. Finally, Voya Investment Management LLC grew its position in shares of Advanced Drainage Systems by 19.3% during the 2nd quarter. Voya Investment Management LLC now owns 15,631 shares of the construction company’s stock valued at $314,000 after acquiring an additional 2,525 shares during the period. 80.54% of the stock is owned by institutional investors and hedge funds.

Advanced Drainage Systems (WMS) traded up $0.10 on Monday, hitting $24.65. 223,881 shares of the company were exchanged, compared to its average volume of 211,453. The company has a quick ratio of 1.32, a current ratio of 2.26 and a debt-to-equity ratio of 4.47. Advanced Drainage Systems has a 12 month low of $17.90 and a 12 month high of $26.30. The firm has a market cap of $1,373.12, a price-to-earnings ratio of 66.62 and a beta of 1.04.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date was Thursday, November 30th. Advanced Drainage Systems’s payout ratio is 75.68%.

TRADEMARK VIOLATION WARNING: “$0.22 EPS Expected for Advanced Drainage Systems Inc (WMS) This Quarter” was originally published by Community Financial News and is the property of of Community Financial News. If you are reading this piece of content on another publication, it was illegally copied and republished in violation of US and international copyright and trademark law. The legal version of this piece of content can be viewed at https://www.com-unik.info/2018/01/13/0-22-eps-expected-for-advanced-drainage-systems-inc-wms-this-quarter.html.

Advanced Drainage Systems Company Profile

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.

Get a free copy of the Zacks research report on Advanced Drainage Systems (WMS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Advanced Drainage Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Drainage Systems and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit