Advanced Drainage Systems Inc (WMS) Expected to Post Earnings of -$0.04 Per Share

Equities research analysts expect Advanced Drainage Systems Inc (NYSE:WMS) to post earnings per share (EPS) of ($0.04) for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Advanced Drainage Systems’ earnings. The lowest EPS estimate is ($0.11) and the highest is $0.04. Advanced Drainage Systems also reported earnings per share of ($0.04) in the same quarter last year. The firm is expected to announce its next earnings results on Tuesday, June 4th.

On average, analysts expect that Advanced Drainage Systems will report full-year earnings of $1.18 per share for the current financial year, with EPS estimates ranging from $1.10 to $1.25. For the next year, analysts expect that the firm will post earnings of $1.40 per share, with EPS estimates ranging from $1.20 to $1.59. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Advanced Drainage Systems.

Advanced Drainage Systems (NYSE:WMS) last released its quarterly earnings data on Thursday, February 7th. The construction company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.06). Advanced Drainage Systems had a net margin of 4.98% and a return on equity of 37.87%. The firm had revenue of $318.11 million during the quarter, compared to analysts’ expectations of $339.61 million. During the same period in the previous year, the business earned $0.28 earnings per share. The business’s revenue for the quarter was down .8% on a year-over-year basis.

Several equities analysts have weighed in on the company. Zacks Investment Research raised Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research report on Sunday, January 6th. Citigroup dropped their price target on Advanced Drainage Systems from $30.00 to $27.00 and set a “neutral” rating for the company in a research report on Friday, January 4th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $30.50.

NYSE WMS opened at $27.78 on Friday. Advanced Drainage Systems has a 1-year low of $23.04 and a 1-year high of $33.50. The company has a market capitalization of $1.58 billion, a P/E ratio of 34.30 and a beta of 0.99. The company has a quick ratio of 0.95, a current ratio of 2.24 and a debt-to-equity ratio of 1.26.

In other Advanced Drainage Systems news, EVP Ronald R. Vitarelli sold 2,500 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $25.47, for a total transaction of $63,675.00. Following the completion of the transaction, the executive vice president now owns 30,285 shares of the company’s stock, valued at $771,358.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 20.97% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Advanced Drainage Systems by 6.3% during the third quarter. Vanguard Group Inc. now owns 3,493,825 shares of the construction company’s stock worth $107,959,000 after buying an additional 206,839 shares in the last quarter. Vanguard Group Inc grew its position in shares of Advanced Drainage Systems by 6.3% in the third quarter. Vanguard Group Inc now owns 3,493,825 shares of the construction company’s stock valued at $107,959,000 after purchasing an additional 206,839 shares during the period. Impax Asset Management Group plc grew its position in shares of Advanced Drainage Systems by 0.4% in the fourth quarter. Impax Asset Management Group plc now owns 3,464,290 shares of the construction company’s stock valued at $84,009,000 after purchasing an additional 14,832 shares during the period. JPMorgan Chase & Co. grew its position in shares of Advanced Drainage Systems by 12.7% in the third quarter. JPMorgan Chase & Co. now owns 1,943,128 shares of the construction company’s stock valued at $60,041,000 after purchasing an additional 219,049 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Advanced Drainage Systems by 9.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,192,701 shares of the construction company’s stock valued at $28,923,000 after purchasing an additional 103,572 shares during the period. 80.81% of the stock is owned by institutional investors.

About Advanced Drainage Systems

Advanced Drainage Systems, Inc designs, manufactures, and markets thermoplastic corrugated pipes and related water management products in the United States and internationally. The company offers single, double, and triple wall corrugated polypropylene and polyethylene pipes; and allied products, including storm retention/detention and septic chambers, polyvinyl chloride drainage structures, fittings, and water quality filters and separators.

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